Chris Ciovacco

Articles by Chris Ciovacco

Friday Labor Report To Set Weekly ToneAs of 2:30 p.m. EST Thursday, the S&P’s weekly scorecard still reflected a loss of 11 points, meaning the outcome for the week will most likely be determined by the market’s reaction to the always-...
Too Early To Tell What Bounce MeansAfter seeing the S&P 500 shed 108 points from its recent peak to Monday’s close, dip buyers jumped back into the water Tuesday. The 14 point gain Tuesday afternoon recaptured only 13% of the 108...
Manufacturing Data Spooks MarketsLast week, we noted that buying dips in 2014 was riskier than doing so in 2013. Markets often anticipate bad news. The news that came Monday made it hard on last week’s dip buyers. From The Wall Street...
Worst January Since 2010The trend of disappointing earnings continued Friday, adding to concerns about the economy’s ability to step up as the Fed tries to step back. From Bloomberg:U.S. stocks sank, with the Standard & Poor’s 500...
Market Nervous About Life After QEThe stock market has operated with Fed assistance for a lengthy period relative to historical standards. Wednesday, the Fed sent a message they intend to stay on the taper path, which creates uncertainty....
Fed Continues To TrimThe Fed stuck to their tapering script Wednesday and announced another reduction in the amount of bonds they plan to buy each month. From Bloomberg:The Federal Reserve will trim its monthly bond buying by $10...
Editor’s Note: Developments after hours may be relevant for Wednesday’s session. It is important we keep an open mind and remain highly flexible over the next few trading sessions (FED Wednesday). The market will guide us if we are willing...
Fundamentals and Technicals Both WaningDeterioration in risk-on vs. risk-off charts contributed to our incremental risk-reduction moves last Thursday and Friday. Charts feed off of fundamental perceptions/economic data. The...
Global Concerns IncreasingInvestors were greeted with more “red” Friday morning. The S&P futures were down 11 points two hours before the opening bell rang. The extension of Thursday’s sell-off was fueled, in part, by the currency...
China + Weak Momentum = SelloffWhen the stock market goes sideways, as it did for the last month, it speaks to waning bullish momentum. Weak momentum in isolation is not bearish, but it leaves the market vulnerable to bad economic news....

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