Author Archives: Dave

About Dave

David Steckler enjoyed 24+ years of experience as an investment counselor and portfolio manager before retiring. A former professor at Lindenwood University in Missouri, he also was a member and past president of the American Association of Professional Technical Analysts (AAPTA), and a member of the Market Technicians Association (MTA).

10.31.14 – Take A Memo

To:    From:    Re:   “In the next day or two either yields should continue higher or equities turn lower” That’s what I wrote yesterday and even a stopped clock is right twice a day: Yields rose as equities caught … Continue reading

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10.30.14 – On Fire

This market is on fire, even with news out the the Fed intends on ending QE soon.  Better than expected data on economic growth fueled today’s blastoff.  The Dow Industrials closed up 221 points at 17,195.42, while the S&P 500 … Continue reading

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10.29.14 – Blog Will Resume Tomorrow

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10.28.14 – Moving Sideways? HAH!

Showing once again the Mr. Market’s job is to make all prognosticators look like fools, good earnings reports and higher consumer confidence numbers sent the market sharply higher the day before a Federal Reserve Board policy announcement.  The Dow Industrials … Continue reading

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10.27.14 – Marking Time

A very quiet day today as energy shares dropped with falling oil prices.  The Dow Industrials gained 12 points to close at 16,817.94.  The S&P 500 Index slipped .15% and the Nasdaq Composite was essentially unchanged, gaining .05%.  Oil prices … Continue reading

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10.24.14 – Blog Will Resume Monday

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10.23.14 – Bob? Bob Who?

Never heard of him; must be some permabear or the like….LOL! Proving once again that Mr. Market’s job is to drive you batsh*t crazy, strong earnings reports from 3M and Caterpillar as well as encouraging economic news domestically and in … Continue reading

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10.22.14 – Way To Call It, Bob

Well, it looks like my ol’ buddy Bob was spot on; the Dow Industrials pulled back 153 points to close at 16,461.32.  The S&P 500 Index fell .73% while the Nasdaq Composite slipped .83%.  Surprisingly, Treasury yields were relatively unchanged. … Continue reading

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10.21.14 – Good Eye, Bob

No one is going to complain about a 200+ point up day except short players, but….how long will it last?  Right now no one seems to care.  The S&P 500 Index had its biggest day in a year as the … Continue reading

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10.20.14 – What A Long, Strange Trip It’s Been

The last three weeks have been quite a ride, haven’t they?  And today the market probably would have done much better had it not been for IBM falling off a roof.  The Dow Industrials gained 19 points to close at … Continue reading

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