Gene Peroni's Daily Podcast

June 3, 2022

The latest AAII sentiment survey shows more of a balance between the bulls and the bears than we’ve seen in a long time. 

June 2, 2022

A forecast for an economic hurricane played on investors’ psyche yesterday, but I would argue that it didn’t have the impact that it might have had even just a few weeks ago. 

June 1, 2022

The first five months of 2022 have been characterized by high volatility and expansive trading swings due to investors’ reactions to headline news and technical movements. 

May 31, 2022

A few observations as we begin the summer session on Wall Street. I think that the major market indices have established a bottom… 

May 27, 2022

Another solid showing for stocks yesterday, and one that might be shifting the onus on the bears rather than on the bulls. 

May 26, 2022

I think we might see a more consistent and reliable rebound than we’ve seen year to date, but certainly with some bumps along the way. 

May 25, 2022

In my estimation the DJIA may be close to completing a formidable bottom and one that launches a rally. 

May 24, 2022

The VIX is clearly in a pennant formation, with well-defined trend lines indicating ascending lows and descending peaks. 

May 23, 2022

Last Friday’s session seemed to be one of those grueling selloffs going into the weekend, but buying came in before the close and the major market indices finished little changed. 

May 20, 2022

Gene Peroni’s Daily Podcast: There are so many different commentaries right now, and they’re all valid comments, but from a technical standpoint, I think what we’re starting to see is a tug of war between the bears and the bulls… 

May 18, 2022

May 19, 2022

May 17, 2022

Depending on the market condition the CBOE Volatility Index can be conveniently be interpreted to fit the narrative of the day or the moment, but in this case I’d view yesterday’s declining trend as… 

May 16, 2022

The Dow has now extended its weekly losses to 7, but this could be the week that breaks that change of losses. I say that for several reasons… 

May 13, 2022

Stocks higher this morning. There’s an old saying on Wall Street that “When Time Magazine recognizes the bear market on its cover, that it’s time to buy.” 

May 12, 2022

Looking at the big volume days since March, they’re biased toward selling. Once this market finds its bottom, we could see a meaningful recovery — at least initially.

May 11, 2022

Given the market’s volatility and its delicate condition year to date, my daily commentaries have seemed more like a narration of the market’s action with a very near-term forecast. So today I’d like to project further toward the end of this year… 

May 10, 2022

The market’s unrelenting selling pressure continues. Even though stocks are higher this morning, investors will probably look at this skeptically since rallies have proven to be fleeting. 

May 9, 2022

Capitulation could be in the cards here, but I don’t think what we’re seeing this morning indicates that capitulation is imminent. 

May 5, 2022

It’s understandable that some could be skeptical about yesterday’s rally as it really came after the Fed announced its intentions to raise rates by 50 basis points. 

May 4, 2022

We could see a trading rally today and carry through the short run. I believe the Dow is poised to test resistance at the 34,000 level. 

May 3, 2022

I think there’s a great deal of hesitation to proclaim that the latest market reversal is a technical bell ringer that might usher in a sustainable rebound. 

May 2, 2022

Fear could be replaced by capitulation; that based on what we’ve seen the past two Fridays. 

April 29, 2022

Yesterday’s market hesitated at the opening, but then it was off to the races and the major market indices held onto their lion’s share of gains. 

April 28, 2022

The market is oversold and I think we could be in for a relief rally that tests some near-term resistance for the major market indices. 

April 27, 2022

The CBOE Volatility Index — dubbed the “fear index” — finished yesterday around 33.50, still well below my target range between 36 and 42. 

April 26, 2022

From technical scorched earth to seeds of hope, this has been the market’s MO this year. 

April 25, 2022

Last Friday’s market action was a technically scorched-earth setting for stocks. What was most unsettling was perhaps that there was no one pinpoint factor or item to account for that decline. 

April 22, 2022

April 21, 2022

Stock futures indicate that the NASDAQ could recover most of yesterday's losses.

April 20, 2022

April 19, 2022

April 18, 2022

Food, energy and water are all categories that are showing good relative strength within the marketplace. 

April 14, 2022

The American Association of Individual Investors has published its latest sentiment survey and it shows a sharp decline in bullish consensus, well below the lows in mid-February. 

April 13, 2022

In my estimation, the selloff in technology stocks has driven this category to highly oversold levels that probably largely bake-in the impact of higher interest rates on this aggressive growth sector.

April 12, 2022

Stock market trends are reflecting a war time theme. 

April 11, 2022

Last week’s market behavior was characterized by a great deal of flip flopping between growth and value. 

April 8, 2022

The Dow and the Nasdaq getting some technical traction at their respective support areas. 

April 7, 2022

Yesterday’s most significant news for the stock market was the release of the Fed Minutes in which they outlined how they intend to taper. 

April 6, 2022

Yesterday’s market action was a flip flop from the previous session with the Dow considerably outperforming the Nasdaq. 

April 5, 2022

Yesterday’s 1.9% gain in the Nasdaq eclipsed gains in other major indices, including the Dow which was up just 30 basis points. 

April 4, 2022

I’ve recently made the case that the market’s rebound later in the 1st quarter was substantive and could prove to be a launching pad to higher levels in 2022. 

April 1, 2022

It was striking how similar the retreats were among the major market indices yesterday. My take on that is that it had more to do with end-of-the-quarter activities than news items. 

March 31, 2022

The final day of a quarter that unleashed significant volatility amid a myriad of challenges on a number of fronts, including geopolitical, especially the Russia-Ukraine war. 

March 30, 2022

One of the headline technical features in yesterday’s trading was the DJIA breaking out above its 200-day moving average at the 35,000 level. 

March 29, 2022

From aerospace to utilities and many categories in between, the underlying market appears to be building a sturdy foundation that could serve as a launching pad for higher levels over the short run. 

March 28, 2022

Technical indicators are aligning quite nicely indicating that we could see higher levels over the short term and I continue to be quite bullish about the market’s long-term prospects as well. 

March 22, 2022

Volatility is simmering down; the VIX is trading near the 23 level, this after breaching near-term support at 27. This lower volatility is a welcome sign. 

March 21, 2022

Four consecutive rally days puts into perspective the pivot days that we had in January, February and again this month… 

March 18, 2022

Yesterday’s closing levels for the major market indices may have defined their upper boundaries for what could be a short-term trading range.