Gene Peroni's Daily Podcast

September 6, 2022

For the stock market this year, it’s been a grizzly winter, a thawing spring and a bouncing summer, and now comes along autumn which is historically the cruelest month of the year. 

September 2, 2022

Given the current trajectories of the trend lines, we could see convergences of the 50-day and 200-day moving averages among the major market indices by early to mid-October. 

September 1, 2022

With the market’s deteriorating action this week, it is on a tender footing as it faces the seasonal headwinds of September and October. 

August 31, 2022

The across-the-board violations of 50-day moving averages among the major stock indices was there for all to see… 

August 30, 2022

With the summer session drawing to a close on Wall Street, my general observation is that it has been a constructive period. 

August 29, 2022

There were no grand revelations or big surprises in Fed Chairman Powell’s comments last Friday, but in reading between the lines, it may be that investors sensed that the Fed is concerned that Biden Administration policies could fan inflation. 

August 26, 2022

“Much ado about nothing;” that may be the case this morning from the Fed speech out of the Jackson Hole Summit. 

August 25, 2022

Some sectors are thriving in this inflationary environment and with the stock market likely to remain fenced in a trading range for weeks to come, I think this further puts the spotlight on… 

August 24, 2022

With Labor Day approaching, this is a pretty heavy vacation period and this is being reflected in the market. 

August 23, 2022

Yesterday’s sizable decline among the major market indices brought them to within close proximity of my upwardly revised upper support levels. 

August 22, 2022

August 19, 2022

August 18, 2022

August 17, 2022

A number of the market’s enduring longer-term thematic leaders are exhibiting improving relative strength and that is an important feature as the market continues to base build. 

August 16, 2022

Just a few months ago there was a heightened urgency to sell. In late April the bear sentiment readings were at their highest point since the financial crisis of 2007-2008. 

August 15, 2022

One of the most often asked questions I get recently is whether or not this is a good time to be entering the stock market. 

August 8, 2022

Recent market action is making believers out of some skeptics. We’re hearing more chatter that there is the conviction now that the June lows may be the lows for some time to come. 

August 5, 2022

Historically the outlooks for earnings and interest rates have really defined the course for the stock market — at least its basic course. 

August 4, 2022

Several weeks ago I observed how the Nasdaq’s basing formation appeared considerably more robust than that of the other major indices. Since that time we’ve seen growth leading the rebound… 

August 3, 2022

The market’s bottoming characteristics have shifted from a glass-half-empty to a glass-half-full scenario, meaning the underlying technical tone of the market has been improving… 

August 02, 2022

August 1, 2022

Earlier this year I was scrambling to downwardly revise the target levels for the major market indices… 

July 28, 2022

July 27, 2022

July 26, 2022

Relative strength picking up for some of the cyclical categories, especially energy and agricultural materials. 

July 25, 2022

This is an event-filled week with earnings and the much-anticipated Fed meeting. Tech companies are due to report this week… 

July 21, 2022

The Dow and the Nasdaq each approaching my trading-range targets of 32,000 and 12,000 respectively. 

July 20, 2022

The Dow and the Nasdaq each breaking out above their respective 50-day moving average levels and doing so convincingly from a technical perspective. 

July 19, 2022

Yesterday’s trading action didn’t bring much to the table technically, but the 50-day moving average levels did play a prominent role for the major market indices. 

July 18, 2022

July 15, 2022

July 11, 2022

Since early May, one of the best-performing sectors has been healthcare but one of the worst-performing groups has been the financials; I mention this because this week kicks off the 2Q earnings reporting season. 

July 8, 2022

Clearly the stock market is in a better place today than it was a few weeks ago, from a technical perspective the market has shown some constructive action. I think the real storyline here is the underlying market. 

July 7, 2022

May stands as the important turning point in the market from my technical perspective; that is we saw heightened volatility but we did see a continuously descending volatility index.

July 6, 2022

The Fed’s shock & awe attack on inflation seems to be having an impact which is reflected in the stock market’s trends. 

July 5, 2022

No surprise that investors are taking rallies at face value. It has been very frustrating in the first half of 2022 to see that rallies big and small have little substantive impact on the ongoing decline. 

June 30, 2022

The first half of 2022 is in line to be about the worst first half in 50 years for the stock market which is attributable to a number of factors, but inflation is front and center. 

June 29, 2022

Yesterday’s market action was further indication that the market is in a marathon and not a sprint as it pertains to base building and not likely to see a V-shaped recovery. 

June 28, 2022

Volatility has calmed considerably from last month’s expansive trading swings and this has been reflected in the VIX which stands under 27. 

June 27, 2022

As we count down the final days of June and the last days of 2Q I think things are shaping up quite well for the market. I believe there’s a better than even chance that the market has struck its bottom.

June 24, 2022

It remains too early to call an absolute or reliable bottom in the stock market, but this week’s action was encouraging from a technical perspective. For one, the market seemed more resilient… 

June 23, 2022

Beginning with the January 24 reversal, there were a number of significant and dramatic turns in the market but they proved to be pitfalls to lower levels. It wasn’t until May when the market began to shift… 

June 22, 2022

The market’s trading swings could consolidate into a somewhat more narrow range over the short run. For the Dow that range could be 31,000 on the upside and 29,500 on the lower end. 

June 21, 2022

June 17, 2022

The ongoing grueling market action with its expansive trading swings, especially the movements to the downside, probably indicate that we’re not in for a bell ringer bottom. 

June 16, 2022

More short-term pain for a longer-term gain seems to be the position the Fed is taking by raising rates by 75 basis points yesterday. 

June 15, 2022

Yesterday’s New York Times ran a front-page graph showing the duration of bear markets extending back to 1980. What I thought was interesting was… 

June 14, 2022

Diminishing confidence among both investors and consumers has taken its toll on Wall Street. The accelerating downtrend is based on a number of factors but the greatest is the Fed. 

June 13, 2022

Gene Peroni’s Daily Podcast: The VIX moving to 33 this morning, putting it in the thick of near-term resistance that has been playing significantly in recent week. 

June 6, 2022

Recently I noted that the Volatility Index can be subject to interpretation, but it is undeniable that in May — a pretty volatile month for stocks — the index was in a steady downtrend.