Gene Peroni's Daily Podcast

September 1, 2022 01.09.2022 3:55 ↓

With the market’s deteriorating action this week, it is on a tender footing as it faces the seasonal headwinds of September and October. 

August 31, 2022 31.08.2022 4:39 ↓

The across-the-board violations of 50-day moving averages among the major stock indices was there for all to see… 

August 30, 2022 30.08.2022 5:38 ↓

With the summer session drawing to a close on Wall Street, my general observation is that it has been a constructive period. 

August 29, 2022 29.08.2022 4:10 ↓

There were no grand revelations or big surprises in Fed Chairman Powell’s comments last Friday, but in reading between the lines, it may be that investors sensed that the Fed is concerned that Biden Administration policies could fan inflation. 

August 26, 2022 26.08.2022 3:46 ↓

“Much ado about nothing;” that may be the case this morning from the Fed speech out of the Jackson Hole Summit. 

August 25, 2022 25.08.2022 2:44 ↓

Some sectors are thriving in this inflationary environment and with the stock market likely to remain fenced in a trading range for weeks to come, I think this further puts the spotlight on… 

August 24, 2022 24.08.2022 3:52 ↓

With Labor Day approaching, this is a pretty heavy vacation period and this is being reflected in the market. 

August 23, 2022 23.08.2022 4:55 ↓

Yesterday’s sizable decline among the major market indices brought them to within close proximity of my upwardly revised upper support levels. 

August 17, 2022 17.08.2022 3:28 ↓

A number of the market’s enduring longer-term thematic leaders are exhibiting improving relative strength and that is an important feature as the market continues to base build. 

August 16, 2022 16.08.2022 4:05 ↓

Just a few months ago there was a heightened urgency to sell. In late April the bear sentiment readings were at their highest point since the financial crisis of 2007-2008. 

August 15, 2022 15.08.2022 4:44 ↓

One of the most often asked questions I get recently is whether or not this is a good time to be entering the stock market. 

August 8, 2022 08.08.2022 4:44 ↓

Recent market action is making believers out of some skeptics. We’re hearing more chatter that there is the conviction now that the June lows may be the lows for some time to come. 

August 5, 2022 05.08.2022 4:11 ↓

Historically the outlooks for earnings and interest rates have really defined the course for the stock market — at least its basic course. 

August 4, 2022 04.08.2022 4:01 ↓

Several weeks ago I observed how the Nasdaq’s basing formation appeared considerably more robust than that of the other major indices. Since that time we’ve seen growth leading the rebound… 

August 3, 2022 03.08.2022 5:04 ↓

The market’s bottoming characteristics have shifted from a glass-half-empty to a glass-half-full scenario, meaning the underlying technical tone of the market has been improving… 

August 1, 2022 01.08.2022 4:43 ↓

Earlier this year I was scrambling to downwardly revise the target levels for the major market indices… 

July 26, 2022 26.07.2022 2:57 ↓

Relative strength picking up for some of the cyclical categories, especially energy and agricultural materials. 

July 25, 2022 25.07.2022 4:33 ↓

This is an event-filled week with earnings and the much-anticipated Fed meeting. Tech companies are due to report this week… 

July 21, 2022 21.07.2022 3:37 ↓

The Dow and the Nasdaq each approaching my trading-range targets of 32,000 and 12,000 respectively.