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@theMarket: September's stock market
By Bill Schmick,
04:47PM / Friday, August 31, 2018
Next week, Wall Street's big boys return to their offices. Campaigning for mid-term elections moves to the front burner, and tariff threats between the U.S. and China will likely escalate. Welcome to one of the worst months of the year for stocks.   It is true that both September and October tend to be negative months for the averages. Since 1945, the S&P 500 Index has, on average, lost 1 percent. In addition, it is a mid-term election year where Septembers are almost always rocky months for the market.   One could say that investors face an entire fall season of potential risks. Besides those I have already listed above, there will be the implementation

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@theMarket: Record Highs Coming Up?
By Bill Schmick,
11:10AM / Saturday, August 25, 2018
As of Friday, we were in striking distance of a record high on the S&P 500 index. We have been here before, but something tells me that this time we just may break through. But for how long?   Granted, stock market volumes are exceptionally light, which is understandable, since we are heading in to one of the slowest weeks of the year. That makes any new highs suspect until volume improves. We would need to wait another week or so for that to occur. Next weekend is Labor Day and it is only after the holiday that the Big Boys get back into town.   What those players will do, once they are back in the cockpit, will determine the short-term direction of the

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@theMarket: Will Stocks Break Out or Break Down?
By Bill Schmick,
05:23PM / Friday, August 10, 2018
The S&P 500 index is within a hair's breadth of breaking out. This week we topped 2,850, which we haven't done since March. The record high for the index in January was 2,872.   Can we top that?   The S&P 500 Index traded within 0.5 percent of its record high this week. If we can close and hold a new high, it will be the 18th time the benchmark index has closed at a new all-time high after going six months without one. Statistically speaking, the odds of doing so are against us. Normally, if we use historical data, it should take the index another year before we reach a new high, but there is nothing normal about the environment we live in

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@theMarket: Stocks Set for a Volatile August
By Bill Schmick,
04:23PM / Friday, August 03, 2018
This month would be a good time to go on vacation. Otherwise, you might be tempted to do something rash like chase stocks or sell at their lows. That is the kind of market volatility investors should expect in August.   The market's trading range is still intact and should continue and keep stock market values corralled into September and probably October.    We had our moves up to the old highs (or slightly beyond) in most of the averages in July. A combination of anticipated stellar second-quarter earnings and somewhat less rhetoric from the "Trumpster," allowed equities to notch their fourth month of gains. Second quarter earnings have come

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@theMarket: Markets Remain Range-Bound
By Bill Schmick,
04:18PM / Friday, July 20, 2018
It's the same old song. It has been playing over and over since the end of January. Higher interest rates, a stronger dollar, and, of course, the inevitable and meaningless stream of tweets from our Tweeter-in-Chief are keeping stocks range-bound. How long will this condition persist?   Both the Dow Jones Industrial Average and the S&P 500 Index have now posted their longest consolidation since 1984. The two indexes have been in correction territory for 113 trading days. That is a longer stretch than we have seen in decades — including the period of the 2008 Financial Crisis.   In 1984, it took the S&P 500 Index 122 days to emerge from the

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