Gene Peroni's Daily Podcast
772 episodes - English - Latest episode: about 18 hours ago - ★★★★★ - 5 ratingsAs one of Wall Street’s most respected technical strategists, Gene Peroni, President, Peroni Portfolio Advisors, provides daily stock market commentary in a concise, easily accessible podcast.
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Episodes
December 15, 2021
December 15, 2021 16:00 - 4 minutes - 3.13 MBThe $64 question today is: “How much has the stock market already discounted the Fed’s anticipated action to raise interest rates sooner than expected and taper more aggressively?”
December 14, 2021
December 14, 2021 15:00 - 5 minutes - 3.49 MBThe Fed’s December meeting begins today and there has been much discussion and debate in anticipation of this meeting…
December 13, 2021
December 13, 2021 15:00 - 4 minutes - 3.11 MBIt may be “missioned accomplished” and an “all clear” as the market continues to recover from its recent lows.
December 10, 2021
December 10, 2021 15:00 - 3 minutes - 2.09 MBThe Nasdaq falling yesterday, underperforming other of the major market indices; at face value it looks like a harsh retreat, but it’s really just a reaction following its rally back up to its November peaks as of Wednesday’s closing.
December 9, 2021
December 09, 2021 16:00 - 4 minutes - 3.45 MBA number of the higher momentum growth stocks have moved back above their 50-day moving average levels; this is encouraging but I think the easy recovered gains have been realized.
December 8, 2021
December 08, 2021 15:00 - 4 minutes - 3.35 MBThe Dow and the other major market indices may be in the initial stages of forming reverse “head and shoulders” patterns.
December 7, 2021
December 07, 2021 15:00 - 4 minutes - 3.27 MBStatistically, the market retreat appears to be relatively moderate; the Dow has declined just 7% from its all-time highs to its recent intraday lows.
December 6, 2021
December 06, 2021 15:00 - 5 minutes - 3.7 MBThe VIX moving to higher high intraday on Friday and those highs cleared the peaks that we saw earlier in the week last week.
December 3, 2021
December 03, 2021 15:00 - 3 minutes - 2.63 MBThe Dow pivoting from the 34,000 area; that is a level that I’ve mentioned for many months as a longer-term support line — not an exact line, but an approximation.
December 2, 2021
December 02, 2021 15:00 - 4 minutes - 3.23 MBThe Dow is now down 7% from its record-high level set on November 8 to where it finished yesterday at the 34,000 area; that’s an area I’ve been calling the longer-term support area.
December 1, 2021
December 01, 2021 15:00 - 6 minutes - 4.29 MBStocks up this morning with the Dow up over 300 points, so that could drive it back into the upper part of that support band of between 34,500 and 34,700.
November 30, 2021
November 30, 2021 15:00 - 3 minutes - 2.6 MBDow and other market indices down this morning and could retest its Friday lows.
November 29, 2021
November 29, 2021 15:00 - 3 minutes - 2.39 MBSome market watchers have been calling for a significant decline for months and even they were likely surprised by Friday’s market route. I’ve been saying that I believe the market is entering a more vulnerable stage.
November 26, 2021
November 26, 2021 15:00 - 5 minutes - 4.1 MBNews of a new COVID-19 variant out of South Africa sending tremors through the markets in the U.S. and internationally.
November 24, 2021
November 24, 2021 16:00 - 5 minutes - 3.62 MBIn yesterday’s update, I mentioned that early December could bring some volatility and correction to the market, but it looks like that might be starting early, helped by concerns about rising interest rates.
November 23, 2021
November 23, 2021 15:00 - 3 minutes - 2.24 MBIt would seem with the re-nomination of Fed Chair Powell to another term that growth has been dealt a serious blow.
November 22, 2021
November 22, 2021 15:00 - 5 minutes - 3.76 MBThis summer we were hearing calls for a 10–20% decline in the market, but it seems the timeliness of those calls has since passed. I think December could be a vulnerable period for the market, because…
November 17, 2021
November 17, 2021 15:00 - 6 minutes - 4.22 MBI’ve revised my ultimate Dow target to 45,000 for this bull market cycle. This revision was based on a number of factors…
November 5, 2021
November 05, 2021 14:00 - 4 minutes - 3.32 MBThe book, “Dow 36,000,” was published at an untimely point in September 1999, just months before the infamous tech bubble and the dawn of a bear market that would continue until early 2003.
November 3, 2021
November 03, 2021 14:00 - 3 minutes - 2.63 MBThe Dow moving above the 36,000 level and breaking into uncharted territory. My revision for Dow’s ultimate target is now 40,000.
November 2, 2021
November 02, 2021 14:00 - 2 minutes - 1.91 MBBiotechnology one of the better performing sectors in yesterday’s trading. I think there’s a couple of reasons for that…
November 1, 2021
November 01, 2021 14:00 - 4 minutes - 2.92 MBI pulled one of my daily reports from early November 2016 in which I discussed the Dow testing support at the 18,000 level and today I’m discussing the Dow at the 34,500–34,700 level.
October 29, 2021
October 29, 2021 14:00 - 4 minutes - 3.27 MBThe big market stories this morning are Apple and Amazon; each reporting disappointing results after yesterday’s close and each getting punished to some degree this morning.
October 28, 2021
October 28, 2021 14:00 - 4 minutes - 3.03 MBThe stock market performance has been pretty good in identifying which companies and sectors would be most likely to report better-than-anticipated earnings.
October 27, 2021
October 27, 2021 14:00 - 2 minutes - 1.89 MBAs we move into the thick of the 3rd quarter earnings season, I think that a case can be made that the relative strength patterns that we saw in stocks in the 3rd quarter are correlating to some degree with the earnings results & comparisons.
October 26, 2021
October 26, 2021 14:00 - 5 minutes - 3.62 MBFrom my technical vantage point, I’m always on the lookout to observe whether a pullback — large or small — has had a positive of negative on the longer-term outlook for the stock market.
October 25, 2021
October 25, 2021 14:00 - 3 minutes - 2.44 MBThe 10-year Treasury recovering sharply from its August lows and now trading near its April peaks.
October 22, 2021
October 22, 2021 14:00 - 4 minutes - 3.16 MBIt has been a solid week as we move through the thick of the earnings season and so far the earnings are delivering for the most part.
October 21, 2021
October 21, 2021 14:00 - 4 minutes - 2.89 MBThe Dow surpassing its previous intraday and record-high levels, closing about 150 points higher in the session; but we’re not seeing much fanfare with the Dow lower this morning.
October 20, 2021
October 20, 2021 14:00 - 4 minutes - 3.08 MBThe stock market continuing to resist decline; yesterday the Dow moving higher and within about 200 points of its all-time record high.
October 19, 2021
October 19, 2021 14:00 - 4 minutes - 3.08 MBToday marks the 34-year anniversary of the 1987 stock market crash. Certainly the technical elements today are far different than what we saw in the days and weeks leading to that crash.
October 18, 2021
October 18, 2021 14:00 - 3 minutes - 2.52 MBTomorrow marks the 34-year anniversary of the 1987 stock market crash. On the Friday before the crash…
October 15, 2021
October 15, 2021 14:00 - 4 minutes - 2.95 MBThe VIX has retreated below the 17 level, which is approaching its longer-term baseline and that would imply that some of the worst fears have played out.
October 14, 2021
October 14, 2021 14:00 - 3 minutes - 2.6 MBStrong earnings results among the financials and the major market indices higher this morning.
October 13, 2021
October 13, 2021 14:00 - 4 minutes - 3.11 MBFinancials have regained their longer term leadership stature in the stock market and this year we have seen good relative strength strides in many of the stocks representing this category.
October 12, 2021
October 12, 2021 14:00 - 4 minutes - 3.36 MBFor some months now the stock market has been reflecting a just to normal; not a “new normal” but a more traditional normal – seeing traditional themes outperforming stay-at-home themes.
October 11, 2021
October 11, 2021 14:00 - 3 minutes - 2.56 MBIn last Thursday’s trading the Dow surged above the resistance channel between 34,500 and 34,700, but by the end of the day it did retreat back into the upper part of that range. Seeing some further weakness this morning.
October 7, 2021
October 07, 2021 14:00 - 5 minutes - 3.92 MBThe last 2 trading days have surely been encouraging with respect to price action in a number of stocks, sectors and themes; but to me the most constructive factor has been…
October 06, 2021
October 06, 2021 14:00 - 4 minutes - 3.11 MBThe money flow trend showing improvement in yesterday's trading, specially in technology.
October 5, 2021
October 05, 2021 14:00 - 3 minutes - 2.54 MBThe Dow breaking below 34,000 yesterday but managed to close above that level on a closing basis — a technical victory.
October 4, 2021
October 04, 2021 15:00 - 5 minutes - 4.03 MBAs we approach the 3rd quarter reporting earnings season the question becomes, “Just how much has the market baked in some of the headwinds imposed by…?”
October 1, 2021
October 01, 2021 15:00 - 5 minutes - 3.47 MBSeptember did prove to be a difficult month just like it has historically proven; perhaps “difficult” is too light a word as it was pretty brutal at times.
September 28, 2021
September 28, 2021 14:00 - 4 minutes - 3.34 MBSharp selling pressure in technology yesterday is carrying over into today. I think what we’re seeing here is reminiscent in earlier this year when the momentum growth categories went into an aggressive rotational consolidation.
September 27, 2021
September 27, 2021 14:00 - 4 minutes - 3.22 MB“30 days half September” which means there are only four trading days remaining in September and the 3rd quarter of 2021. The market is in a bit of a limbo stage.
September 23, 2021
September 23, 2021 14:00 - 5 minutes - 3.87 MBThe trading actions so far this week in the stock market have had similar technical earmarks to other declines in this bull market cycle.
September 21, 2021
September 21, 2021 15:00 - 5 minutes - 4.05 MBI would categorize yesterday’s action as a “hangover Monday” in which traders are reacting to news from over the weekend, especially the news out of China that acted as a catalyst for the decline.
September 20, 2021
September 20, 2021 14:00 - 4 minutes - 2.85 MBThe VIX breaking out this morning above the 25 level. Friday may have been a clue of what was to come this morning…
September 17, 2021
September 17, 2021 14:00 - 3 minutes - 2.28 MBI would characterize the stock market’s performance this week as having a moderately negative bias; rallies have been cut short by selling but the selloffs have been met with some buying.
September 16, 2021
September 16, 2021 14:00 - 4 minutes - 2.98 MBCalls continue for a 10–20% market decline. I believe that wouldn’t be so likely without the occurrence of some kind of event that broadsides the market.
September 15, 2021
September 15, 2021 14:00 - 4 minutes - 3.29 MBSeptember can be a challenging month — historically the most challenging — for stocks. September’s volatility can bring about a situation where the major market indices mask the underlying market.