There are times when human emotion might refute the consistent — if not persistent — trends in the market. That is when the market’s behavior doesn’t line up with conventional wisdom, etc. 

Health care was a highlight in yesterday’s session as we continue to see rotation back into some of the more traditional market categories. 

The old and enduring Wall Street quip, “The trend is your friend” is particularly applicable in this market environment. With the major stock indices fenced in a limited range, I think… 

I think that the most likely scenario for the stock market over the short run is a trading-range pattern, and one that sees… 

In yesterday’s session we did see some indications that the indices were stabilizing, and this amid the release of the Fed Minutes. 

Yesterday’s rate-driven decline in the stock market delivered the major indices to within the upper margins of support. That does leave open the possibility of further decline… 

It would seem the stock market is running out of steam, but it’s more likely a consolidation — rather than an evaporation — of the year-to-date gains. I say that because… 

Gene Peroni’s Daily Podcast: There was some fear and loathing in anticipation of January’s CPI data, released yesterday. It did come in a little higher but the market’s reaction was relatively subdued. *Due to travel, the next update will be on Tuesday, 2/21. 

Happy Valentine’s Day! If there is high anxiety about the CPI report for January, it has not been reflected in the stock market.