Gene Peroni's Daily Podcast

December 8, 2022

When talking outlook, the generic term “stock market” simply cannot be used in this environment; this is a multi-tiered market and in looking at the DJIA… 

December 7, 2022

The market’s high reactivity to day-to-day events underscores investor uncertainty especially pertaining to the Fed and prospects for a recession in 2023. 

December 06, 2022

December 5, 2022

Resiliency is the predominant technical characteristic playing in the stock market these days, and I think that reflects positively on the ongoing shift in investor psychology. 

November 29, 2022

Yesterday’s market action, which followed what I would characterize as a trading vacuum rally last week, reinforced the downtrends in the Nasdaq and S&P 500. 

November 28, 2022

I think we could see some consolidation and triggering factors for a pullback — China being one of the headlines this morning. 

November 25, 2022

In many cases, we’re seeing a more contoured pattern playing out in the leadership categories, but for certain sectors such as technology the pattern is more choppy. 

November 22, 2022

All things considered technically, it seems the market is going to remain in a restricted trading range at least over the short run, but this is allowing the Dow to… 

November 21, 2022

November 16, 2022

November 15, 2022

November 14, 2022

Last week’s high-volume advance in the Nasdaq drove it above its 50-day moving average. It was a very significant event… 

November 11, 2022

Soon after yesterday's closing bell, a famous investor was quoted as saying that yesterday’s market advance was more than a bear market rally. 

November 10, 2022

Year to date the DJIA stands out as the best-performing major index, down about 10.5%, whereas the S&P 500 is down about twice that. 

November 9, 2022

If the Dow can move decisively above its 34,200 resistance line it would bolster the formation that developed in late summer and early fall. 

November 8, 2022

Since 1946 the stock market has rallied 17 out of the last 19 midterm elections, but that is not what I’m basing my outlook on… 

November 07, 2022

November 4, 2022

The market’s near-term upside has probably been defined by the intraday rally that followed the Fed’s decision on Wednesday…

November 3, 2022

It was a technical analysis 101 reaction following yesterday’s announcement by the Fed to raise rates by 75 basis points. 

November 2, 2022

Arguably a portion of the market’s recent recovery is attributable to the expectations that the Fed will begin to moderate its rate hikes after today’s announcement. 

November 1, 2022

October has been known for its historical declines, but it has also produced some historical pivots along the way. This October may have been one of those...

October 31, 2022

Happy Halloween! All treats on Friday with strung-across-the-board rallies, very uniform too. 

October 28, 2022

The DJIA continues to present itself as the standout index year to date and is by far outperforming the Nasdaq and considerably outperforming the S&P 500. 

October 27, 2022

Yesterday morning investors were bracing for reactions to disappointing earnings results among several big tech names, but… 

October 26, 2022

Year-to-date there’s been a big divergence between growth and value if we consider the Dow vs the Nasdaq. 

October 25, 2022

A couple of weeks ago I observed that the CBOE VIX — “fear index” — might be forming a significant head-and-shoulders formation. I saw that as a constructive indication that… 

October 24, 2022

For investors seeking technical evidence that the stock market may be bottoming and even turning to the upside, the 50-day moving average trend lines among the major market indices might be something worth considering, but… 

October 20, 2022

On 10/19/1987, there was no CBOE Volatility Index. That index would not be established until 1993, but if there was a VIX at the time, there likely would have been records that would not have been broken since. 

October 18, 2022

For a number of weeks now my more constructive outlook for the stock market has been based on a bottom-up perspective… 

October 17, 2022

We are just two days away from the 35th anniversary of the October 19, 1987 stock market crash. This serves as a reminder that October can be a pretty brutal month for volatility and trading swings. 

October 13, 2022

Given the hectic stream of data and information, it’s not surprising that investors are very focused on the here and now, on the hour-by-hour action in the stock market. This might be obscuring the longer-term view… 

October 11, 2022

To a certain degree the real feel of this market environment is probably dependent upon the way that one’s portfolio is positioned. I think this climate argues for strategic diversification. 

October 10, 2022

When it comes to market sentiment, there isn’t much neutral ground — that is in looking at the AAII survey, the bearish sentiment continues to elevated at levels we haven’t seen since after 2009. 

October 7, 2022

There are several factors technically and fundamentally that could promote a significant market bottom over the short run. Here are a few of the items… 

October 6, 2022

“Elasticity” and “resiliency” are terms that have not been applicable very often this year, but those two characteristics were in play yesterday. 

October 4, 2022

This year’s market action has conditioned investors to be wary of a day like yesterday when we see big gains among the major market indices…. 

October 3, 2022

Since its initial breakaway above the 34 level, the VIX hasn’t followed through and in fact has retreated back into its previous resistance range. 

September 30, 2022

Today marks the final trading day of the 3rd quarter and the last of September — historically the cruelest month for stocks — which is down ~6% among the major market indices. 

September 29, 2022

Yesterday’s broad-based rally had some technical “giddy up” but not enough to change the short-term outlook for the market. 

September 28, 2022

From a stock market perspective, Rosh Hashanah also represents an old Wall Street adage, “Sell on Rosh Hashanah and buy on Yom Kippur.” There might be some validity to that from a cyclical perspective. 

September 27, 2022

The latest weekly survey of sentiment among investors shows a bearish consensus has risen to its highest level since March 2009. 

September 26, 2022

This morning the VIX is trading fractionally above the intraday highs set last Friday. 

September 23, 2022

The market’s most recent volatility is having a greater impact on investor psyche, and is being reflected in the fear index. 

September 22, 2022

Clearly the market continues to be burdened by the headwinds of rising interest rates, but I did think we might get some kind of relief rally following the Fed’s announcement yesterday. 

September 21, 2022

Whatever high anxiety remained ahead of today’s Fed announcement probably played out in yesterday’s session. 

September 20, 2022

When assessing the market’s intermediate-term outlook — and I do have a bullish forecast looking into the 1st half of 2022 — I think that the real tells are in the rally days and not the declining sessions. 

September 19, 2022

Last week’s tumultuous market action took us to the midpoint of September — the cruelest month historically for stock — and this month is proving to be a difficult one, but I don’t think it’s going to be a game changer either. 

September 9, 2022

It may be early, but looking like this September might not be as cruel as had been anticipated earlier and not in keeping with its historical characteristic. 

September 8, 2022

Yesterday’s rallies among the major market indices didn’t change my short-term outlook for the market to remain in a restricted trading range. 

September 7, 2022

There are some indications — anecdotal and otherwise — that inflation may be starting to roll over…