05/15/26
Stocks continued to rally after more positive earnings from a key AI company. The Dow closed over 50,000 and we saw more new highs in the S&P 500 and Nasdaq. Market breadth was positive for a change with more stocks up than down on the day, but we did get a Hindenburg Omen Warning signal on Thursday.
Admin Note: As I mentioned yesterday, I had to go out of town for a few days and I didn't really get a chance to watch the market as closely as I normally do. Because of that I won't be posting much of an update here.
It doesn't look like much has changed. Cisco reported earnings and rallied strongly, and being a Dow component, we saw the Dow close above 50,000 for the first time since February.
There's a famous quote by someone, although the author is debatable. Some say it was Maynard Keynes. But it says, "Markets can remain irrational a lot longer than you and I can remain solvent."
And while the market is extended, it is tough to predict when the momentum will change. For that reason I have more cash on hand than I would have preferred right now, but it doesn't seem like the time to add onto any stock positions.
As I mentioned above, we did get a Hindenburg Omen Warning Signal on Thursday after several close calls earlier in the week.
Have a great weekend!
Posted daily at www.tsptalk.com/comments.php
The legal stuff: This information is for educational purposes only! This is not advice or a recommendation. We do not give investment advice. Do not act on this data. Do not buy, sell or trade the funds mentioned herein based on this information. We may trade these funds differently than discussed above. We use additional methods and strategies to determine fund positions.
Stocks continued to rally after more positive earnings from a key AI company. The Dow closed over 50,000 and we saw more new highs in the S&P 500 and Nasdaq. Market breadth was positive for a change with more stocks up than down on the day, but we did get a Hindenburg Omen Warning signal on Thursday.
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Admin Note: As I mentioned yesterday, I had to go out of town for a few days and I didn't really get a chance to watch the market as closely as I normally do. Because of that I won't be posting much of an update here.
It doesn't look like much has changed. Cisco reported earnings and rallied strongly, and being a Dow component, we saw the Dow close above 50,000 for the first time since February.
There's a famous quote by someone, although the author is debatable. Some say it was Maynard Keynes. But it says, "Markets can remain irrational a lot longer than you and I can remain solvent."
And while the market is extended, it is tough to predict when the momentum will change. For that reason I have more cash on hand than I would have preferred right now, but it doesn't seem like the time to add onto any stock positions.
As I mentioned above, we did get a Hindenburg Omen Warning Signal on Thursday after several close calls earlier in the week.
Have a great weekend!
Posted daily at www.tsptalk.com/comments.php
The legal stuff: This information is for educational purposes only! This is not advice or a recommendation. We do not give investment advice. Do not act on this data. Do not buy, sell or trade the funds mentioned herein based on this information. We may trade these funds differently than discussed above. We use additional methods and strategies to determine fund positions.
