Author Archives: dbmarketjournal

A Tale of Two Markets

It is common to see the DOW, S&P 500, and Nasdaq move in tandem with each other.  The correlation is helped impart by the popularity of market ETFs such as DIA, SPY, and QQQ. However lately I have noticed a … Continue reading

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The Canaries in the Economic Coal Mine

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Profit Taking Begins

 Market prices fell as traders started taking profits today.  I expect that we will continue to sideways or sideways for the next week or so as prices settle. Additional commentary from CNBC: “The Trump rally may be over for now, … Continue reading

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Second Leg of Rally Continues

 Prices continued higher going into the Holiday weekend as the second leg of the post-election rally continues. Indicators on the DOW daily chart are starting to show that the rally may be nearing the end of the move.  In the next few … Continue reading

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Who owns the Federal Reserve?

I was having a conversation the other night about the nature of our monetary system and the structure of the Federal Reserve.  He was surprised when I revealed that the Federal Reserve was not truly a government organization and that it as owned … Continue reading

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DOW 19,000

The market hit all-time highs today as the post-election rally continues. Based on the charts, it is a possibility that this rally is being fueled by money flowing out of the bond market and into equities.  It is my opinion that the … Continue reading

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Rally’s Second Move

The second move of the postelection rally continued today.  May see the rise continue tomorrow.  However, I expect the market to flatten as Thanksgiving approaches.  After the holiday I would not be surprised to see profit taking near the end of … Continue reading

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