Gene Peroni's Daily Podcast

February 24, 2021 24.02.2021 4:31 ↓

Yesterday’s market reversal bolstered support for the Dow at the 31,000 area that represents near-term support. 

February 23, 2021 23.02.2021 4:28 ↓

It was a tale of two markets yesterday: on one hand the momentum was under pressure, while traditional cyclicals and several other categories did relatively well. 

February 22, 2021 22.02.2021 4:41 ↓

As the major market indices vacillate in trading ranges near their all-time highs, I think it best to focus more on the underlying market and where some of the relative strength strides are occurring.  

February 19, 2021 19.02.2021 4:45 ↓

This really is a remarkable stock market advance in so many ways. 

February 18, 2021 18.02.2021 4:34 ↓

Growth continues to dominate, evident by simply regarding the major market indices year-to-date. 

February 17, 2021 17.02.2021 6:02 ↓

I think Dow 31,000 should be looked at as a meaningful support level. 

February 16, 2021 16.02.2021 5:00 ↓

Stock market resiliency is on full display, with major indices perched at all-time record highs. 

February 12, 2021 12.02.2021 4:31 ↓

With most of the S&P 500 companies having reported 4th quarter earnings, I don’t anticipate any changes to the core leadership. 

February 8, 2021 08.02.2021 3:51 ↓

I think a pretty strong case can be made that earnings have played a significant role as a positive catalyst in this 1st quarter. 

February 5, 2021 05.02.2021 4:27 ↓

Regardless of how you look at the stock market, this has been a market that amazes time and time again and rises to the challenge 

February 4, 2021 04.02.2021 5:33 ↓

I think the market is going to be in a continuation of a base-building pattern 

February 1, 2021 01.02.2021 4:52 ↓

“It’s always something” when we have these market declines. Wednesday’s decline pushed the VIX up to the 37 level. 

January 29, 2021 29.01.2021 3:12 ↓

Dow’s rally yesterday was limited by resistance around the 30, 850 area. 

January 28, 2021 28.01.2021 5:03 ↓

High levels of bullish sentiment and VIX holding to support. 

January 27, 2021 27.01.2021 4:07 ↓

The VIX higher this morning breaking away from its base, currently around the 27 level. 

January 26, 2021 26.01.2021 2:43 ↓

As investors sift through earnings results this week, the CBOE VIX is currently holding at or above support, trading around 23 – continues to indicate to me we’re due for a pullback. 

January 25, 2021 25.01.2021 3:48 ↓

Big week for earnings with more than 100 S&P 500 companies reporting this week and a good number of Dow companies as well. 

January 22, 2021 22.01.2021 5:19 ↓

Market lower this morning, but not a surprise as a correction is a bit overdue. Increasing chatter on Wall Street for a pullback.   

January 20, 2021 20.01.2021 4:57 ↓

With it being Inauguration Day, a lot of focus on politics, but I think it’s good to separate emotion from the stock market and decision making.  

January 19, 2021 19.01.2021 4:11 ↓

Despite a short week, it could be an event-filled week with a lot of earnings reports and the inauguration. 

January 15, 2021 15.01.2021 3:48 ↓

The VIX moving up a little bit above the support area between 21 and 22; something to watch here. 

January 14, 2021 14.01.2021 5:08 ↓

As the Dow holds to a relatively narrow range, the VIX continues to hold at its base support in the 21/22 area. 

January 13, 2021 13.01.2021 3:39 ↓

The Russell 2000 powering higher in yesterday’s session; off to a big start in 2021. A few things at play here… 

January 12, 2021 12.01.2021 3:21 ↓

I often speak about how the stock market is defined in the face of headline stories. I came across a 12/16/18 NYT piece speculating the market would crash in 2019. 

January 11, 2021 11.01.2021 3:25 ↓

Dow lower this morning after crossing the 31,000 level last week. Broader market consolidating in an orderly manner.