As one of Wall Street’s most respected technical strategists, Gene Peroni, President, Peroni Portfolio Advisors, provides daily stock market commentary in a concise, easily accessible podcast.
Gene discusses the irregularities in the month of November.
The Dow Jones Industrial Average is emerging as a star performer as we close in on 2025, of course there are a number of weeks left before the end of this year. But we can see here especially in November that there has been quite a bit of portfolio shuffling readjustments, in part perhaps because of external factors, whether its been the government shutdown, tariffs, the fed, earnings, all these things in the mix. But more over I think it is a market that is seeking some of the underperforming areas this year, and giving a little more focus and attention to those areas rather than the big momentum players.
November has ushered in a different brand of volatility, not of the detrimental sort but as I see it more of the constructive variety. The rotational movements we have been seeing have been generally constructive an overall the movements have bolstered support near or at the levels I have been mentioning since October 28th. An these are fairly aggressive support areas, so the markets retreat here has been generally shallow, so much of the consolidation has been accomplished through rotational movements, an I see that as a good thing.
Yesterdays broad based rally among the major market indices was encouraging from the stand point that it seemed to bolster the support levels that I previously mentioned, an those are aggressive support areas. So these are levels not designed by the popular moving averages but by what I see, from my technical viewpoint, looking more at what some of the more short term trend lines are representing...
A couple of points about last week for one thing the COBE volatility index did rally up into the low twenties, that was a minimum objective so that was a box checked. And the other item is that the major indices pulled back to their support levels. In some cases there was a temporary breach of those support levels on an intraday basis, but by the end of trading on Friday they had reclaimed their support levels...
Wall Street chatter seems to be increasingly focused on the possibility of a technology bubble, I do not see it that way I think technology is in a general correction and intermediate consolidation and one that might be arguably overdue....
Gene discusses yesterday's rally among the major market indexes.
Gene discusses how several themes and sectors remained resilient during yesterday's decline.
Gene predicts that November will usher in heightened volatility in the market
It is a digital world and this is not lost on the stock market. Some weeks ago I made the case that some of Wall Streets old adages the analog adages at that really don't hold water as they once did. One in particular is the Dow theory, which generally states that the Dow Jones transportation average should lead the Dow Jones industrials...
Happy Halloween!Gene discusses discusses record highs for the major market indexes.
Gene discusses rate cuts and traders reaction in the market.
Gene discusses support levels for the major market indexes.
Gene discusses support levels for the following major market indexes: The DOW, S&P 500, NASDAQ.
Gene discusses the major market indexes as we head into earning season.
Gene discusses the sentiment reading regarding the CBOE Volatility Index.
Gene discusses the government shutdown and how it is affecting the market.
Gene discusses the DOW Jones and the other major market indexes.
Gene discusses the long term picture and record levels in the market.
Gene discusses expansive trading swings in the market that typically occur at the end or start of a new quarter.
Gene discusses the final trading day of the third quarter and the market's typical behavior in September.
Gene discusses the last trading days of September and mentions that there may be some irregular trading well into October.
Gene discusses how the CBOE Volatility index appears to be making a significant base formation and is currently trading above the 16th range.
Consumer digressionary continues to be a mixed bag. That is there are some stocks in some sub-categories within consumer digressionary that look more attractive than others but not a real clear picture of strength across the board. I think its a little bit more of a stock picking focused sector right now, and it'll probably stay that way over the short run...
Gene notes that the major market indexes are poised to reach new highs today, driven by stock futures openings.
Gene discusses the possibility of a Fed rate cut, a view that appears to be Wall Street's consensus.
Gene talks about the buzz on Wall Street about a potential tech bubble.
Gene mentions the 24 year anniversary of September 11, the passing of Charlie Kirk and trends in the market.
Gene discusses bullish patterns among the major market indexes.
Gene discusses how the major stock averages are within striking distance of their all time record highs.
Gene discusses the market volatility seen in the last several sessions.
Gene discusses the end to a productive summer session in the market. Record highs were reached across the major indexes.
Gene discusses the major market indexes: DOW, NASDAQ, S&P 500.
Gene reviews the final trading sessions of August and highlights September's historical reputation as one of the weakest months for equities.
Gene discusses the importance of a strategically diversified portfolio.
Gene discusses the continued trend in technology and AI stocks.
Gene discusses technology and other leadership categories in the market.
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