Gene Peroni's Daily Podcast

March 17, 2022

Yesterday’s market action may have proven to be something more than just a technical baby step toward recovery: the resiliency in the session was striking, impressive and the first back-to-back significant gains this year. 

March 15, 2022

Stating the obvious perhaps: the market is oversold, but it’s not extremely oversold. 

March 14, 2022

Consistency has been a missing element in this market environment; we’ve seen a number of pivot days, dramatic days and even a nice reversal day, but no follow through in any of those days. 

March 9, 2022

Yesterday’s expansive trading swings were similar to the reversals we saw on January 24 and late last month, but didn’t yield a positive close. 

March 8, 2022

Another all-too-familiar Monday rout with investors reacting to news from the weekend; and of course the indications that the Russia-Ukraine war could go on for quite an extended period. 

March 4, 2022

Escalating tensions in the war between Russia and Ukraine putting pressure on stocks this morning. 

March 3, 2022

“March comes in like a lion and leaves like a lamb.” It’s not just the historical weather report; I think that could prove to be the forecast for stocks. 

March 2, 2022

Another expansive trading swing for the Dow and the other major market indices, but the Dow holding at the upper part of its support band.

March 1, 2022

From a top-down perspective, the stock market is exhibiting a more resilient tone and reinforced by the underlying market where more stocks are exhibiting healthy technical trends. 

February 28, 2022

Last Friday’s dynamic reversal came one month after the January 24 pivot, which I think was the first indication of breaking downward momentum following weeks of unrelenting selling. 

February 23, 2022

The latest sentiment survey indicates that bullish sentiment is at its lowest level in months. This might indicate that bulls are throwing in the towel — a potential precursor to a meaningful trading rally. 

February 22, 2022

We’re still in a market that is toiling over political and geopolitical uncertainties, the Fed, how earnings will fair with the 1st quarter…

February 18, 2022

Buying on the dips may be easier said than done. It certainly does present a psychological challenge, but I think for those taking a longer-term investing perspective that a long-term approach does provide the best strategy in this environment. 

February 17, 2022

Each day we are faced with the repetitive narratives explaining away the market’s behavior day to day and hour by hour. 

February 16, 2022

Yesterday’s rally delivering the Dow right up to the 35,000, but closed just under. This millennium level represents more of a psychological resistance point than a technical one. 

February 15, 2022

Stocks up sharply higher this morning; not a surprise technically since the major indices did move to the lower part of their pennant formations. 

February 14, 2022

February 11, 2022

In yesterday’s report I mentioned the forming pennant formations in the major market indices — patterns of ascending peaks and descending lows and it seems like we might be on a trend to a convergence of those two trend lines. 

February 10, 2022

The January 24th lows continue to look like a significant bottom for the market and an important one technically. 

February 4, 2022

Another week of high reactivity to news events, indicating the market isn’t back to full health, but it might be in repair and I believe that is the case. 

February 1, 2022

(Recorded after market close on 1/31): A few comments about today’s (1/31) action, especially since I believe it confirms last week’s action as being a pivotal point for the market technically… 

January 27, 2022

Expansive trading swings in yesterday’s session pre- and post-Fed statement were reflected in the volatility index; the market still seems to be a bit on edge. 

January 26, 2022

Monday’s market reversal may have signaled a significant — if not major — bottom for the growth category. 

January 25, 2022

Yesterday’s market rebound was the first real technical reversal we’ve seen since this ratcheting decline began earlier this month; doesn’t mean we’re on the straight away for recovery, but is encouraging. 

January 24, 2022

Complacency is being displaced by fear which could become a capitulation of sorts here over the near term. 

January 21, 2022

Yesterday’s market action was another one of those familiar “rally failures” and disconcerting from a technical standpoint. 

January 20, 2022

As of yesterday’s closing, the Nasdaq is within less than 100 points of the lows it struck last October; this is an area where I would expect some kind of a technical bounce. 

January 19, 2022

From both technical and psychological standpoints, I would make the case that this is possibly the most vulnerable point of the year for stocks because investors are awaiting two very important events – earnings season & the Fed meeting. 

January 18, 2022

Investors have had the long weekend to analyze, digest and stew over the news events and other factors that have been impacting the market. 

January 14, 2022

Stock market action remains skittish and highly reactive to day-to-day news events —truly not the sign of a healthy market. 

January 13, 2022

The Nasdaq making it three in a row, advancing in the last three sessions following that significant pivot on Monday and driving above the 15,000 level. 

January 12, 2022

Three times could be a charm; the Nasdaq has outperformed in the last two sessions relative to the broader market indices. 

January 11, 2022

Growth may have struck a bottom in yesterday’s trading. We saw a number of significant price reversals among high-profile technology and other growth stocks accompanied by higher volume. 

January 10, 2022

As we begin the 2nd trading week of January, there’s some real hopelessness about the outlook for growth generally, but technology more specifically. 

January 7, 2022

The 4th quarter earnings season is approaching and this could be a catalyst for the down trodden growth sectors of the market — especially technology.

January 6, 2022

Release of the Fed’s Minutes from the December meeting triggered accelerated selling, especially focused on technology which has been under unrelenting selling for weeks. 

January 5, 2022

The bifurcated action from last year’s 4th quarter clearly carrying over to the opening days of 2022 with the growth momentum areas under unrelenting selling pressure. 

January 4, 2022

A good day for the Dow and S&P 500, but an even better day for the Nasdaq and Russell 2000 — each of which gained about 1.2%. 

January 3, 2022

With today being the first trading day of the new year, there are many prognostications by analysts of how the year might fair and I’ll throw in my 2 cents as well over the next several days. 

December 31, 2021

As the old saying goes, “All’s well that ends well” and 2021 is ending quite well from a technical standpoint. 

December 30, 2021

December 29, 2021

December 28, 2021

December 27, 2021

December 23, 2021

December 22, 2021

December 21, 2021

December 20, 2021

December 17, 2021

December 16, 2021