Gene Peroni's Daily Podcast

December 20, 2023

I want to take this opportunity to wish every a very Merry Christmas and Happy Holidays; may it be a very special time for all of you! 

December 19, 2023

Several years ago, just before the outbreak of Covid, I mentioned an ultimate target for the DJIA of 42,000. 

December 18, 2023

The DJIA now stands some 1600 points above its July peaks, the Nasdaq is now some 400 points above its July peaks, and the S&P 500 is well above its July highs. 

December 14, 2023

The DJIA, the lagging index year to date, now stands at an all-time record high; and that is no small feat. 

December 12, 2023

For those who rely on daily headline news for their investment decisions, this may seem like a confusing market environment. But since the October lows… 

December 11, 2023

The Nasdaq and S&P 500 join the Dow in overcoming their respective July peaks. 

December 8, 2023

There continues to be a lot of movement in this market. The rotation that continues at a very quick pace and if one were to try to connect the dots on a very near-term basis might lead to a number of dead ends. 

December 7, 2023

For those looking at the market day by day, or even hour by hour, this could be a frustrating period ahead; we’ve seen a taste of it in the last several sessions. 

December 04, 2023

As we move into the final weeks of trading for 2023, the Nasdaq continues to have a commanding lead over the other major indexes....

December 01, 2023

We could be seeing Investors turn their attention from stocks to stockings during the holiday season, thereby causing a low in the market. 

November 29, 2023

The major stock indexes are now within striking  distance of their respective July peaks.

November 28, 2023

November 27, 2023

November 21, 2023

With the proliferation of cup-and-handle formations across several sectors and themes, it’s difficult to make a bearish case for the stock market. 

November 20, 2023

From time to time, I have referred to the AAII Sentiment Survey reflecting on the bearish/bullish sentiment readings. Back on November 1, the bearish sentiment had risen to… 

November 17, 2023

Financials showing better relative strength behavior, their patterns have been improving pretty steadily here and while they’re not forefront leaders, they are participating more significantly in the market recovery. 

November 16, 2023

From time to time, I have mentioned the importance of small- and mid-cap stocks as cornerstones of a significant and sustainable market advance.

November 15, 2023

In a single session, the major stock indices approached, or even exceeded in the case of the Nasdaq, their near-term resistance levels. 

November 13, 2023

Yogi Berra said it: “It’s Déjà vu all over again.” That phrase so aptly applies as Fed Chairman Powell comes out with a statement that puts a scare into the stock market indicating that the Fed is still concerned about inflation. 

November 9, 2023

The CBOE Volatility Index could hold in the mid-teens here over the short run and even beyond. I think with the market becoming a bit quieter, that is a good thing. 

November 7, 2023

I recently made the case that with the major market indices violating their respective 200-day moving average levels, we could see a reversal — a technical “head fake.” 

November 6, 2023

Technology, energy & industrials are among the sectors that have been exhibiting the best relative strength, but I am keeping my eye on some of the laggards. 

November 3, 2023

Yesterday’s rally on Wall Street lifted most “boats” from aerospace to utilities and many sectors and themes in between. 

November 1, 2023

For weeks now there has been a faceoff between the quality of earnings and the uncertainties of the outlook for interest rates. Interest rate worries are outweighing… 

October 30, 2023

The major stock indexes may be at a "fork in the road" from a technical perspective.

October 26, 2023

As of yesterday’s closing, the S&P 500 joined the DJIA in breaching its widely watched moving average trend line support, and that’s an intermediate-term trend line, so that’s a significant breach. 

October 24, 2023

The S&P 500 and Nasdaq tenderly holding at their respective trend lines; these are widely-watched moving trend lines. As I mentioned last Friday… 

October 23, 2023

With the major market indices on the cusp of breaking their recent lows, I think we could be looking at a 5%-or-greater decline. 

October 20, 2023

The stock market spooked once again by comments from Fed Chairman Powell when he indicated that the Fed would remain focused on inflation. 

October 19, 2023

Today is the 36-year anniversary of the infamous 1987 crash. It should be noted that one of the contributing factors was higher interest rates. 

October 17, 2023

For weeks now the stock market’s trading activity has been characterized by resiliency and elasticity. 

October 16, 2023

Last year at this time the stock market was in the process of finalizing a bottom and was about to embark on a rally that would carry into mid-July of this year. 

October 13, 2023

Yesterday I mentioned that the stock market could soon feel the pinch of overhead supply among the major market indices…but in yesterday’s session they failed to clear their 9/29 peaks and intraday peaks set earlier this week which setup a bit of a technical selling point. 

October 12, 2023

The major stock indices have uniformly established nice base formations that could indicate the lows set recently could be the lows set for the cycle. 

October 11, 2023

A year ago the stock market was in the process of bottoming and on the verge of launching a big rally that would carry into mid-July. 

October 10, 2023

A few weeks ago I made the observation that investors’ perceptions might be shifting with respect to the interest rate outlook. 

October 9, 2023

This morning we are seeing reactions in the markets globally to the horrific invasion of Israel by Hamas over the weekend. 

October 06, 2023

News items and data releases on the economic monetary and geo-political fronts could have larger than usual sway on the stock market as we move into the middle part of October.

October 05, 2023

At face value, yesterday's market rebound may have been little more than a relief rally.

October 04, 2023

The economic monetary and political culprits behind yesterday's decline have been advertised but interest rates play the biggest role for the stock market.

October 3, 2023

October 02, 2023

October could be a pivotal month for stocks.  

September 27, 2023

Higher interest rates are attributed to yesterday's market decline. 

September 26, 2023

The recent list of high volume gainers, it is evident that the stock market is promoting stock picking.

September 25, 2023

The new week begins with the major market indexes on the cusp of decisively breaching their August lows.

September 22, 2023

 Decline among the major market indexes.

September 21, 2023

Breached pennant formations among the major market indexes are having a techinical impact on stocks.

September 19, 2023

A poker-faced market as investors await the Fed’s decision tomorrow afternoon; the consensus seems to be that they won’t raise rates. 

September 18, 2023

There is an old Wall Street adage that dates back to 1915 that says, “Sell on Rosh Hashana and buy on Yom Kippur.” 

September 15, 2023

For the stock market, resiliency is an important factor to consider, especially amid many headline challenges that investors face on a daily basis.