About Peter Kenny

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So far Peter Kenny has created 56 blog entries.

Uptrend Under Pressure

Microsoft, Netflix, United Health earnings and Tesla corporate news provided investors with some positive and actionable trading themes last week that ultimately delivered some lift to an otherwise trendless US equity landscape. Technically, the market outlook remains "uptrend under pressure" despite the fact that the S&P 500 gained 0.38% last week while the Nasdaq Composite [...]

By |2016-10-25T15:14:51+00:00October 25th, 2016|Uncategorized|

The Fed’s non-move lets the bulls back in

US equity investors received a shot of monetary accommodative confidence from the FOMC yesterday and in the process rallied sharply. The S&P 500 (+1.09%), Dow Industrials (+0.90%) and Nasdaq (+1.03%) moved higher to regain some recently lost ground. Volume also picked up on both the Nasdaq (+18.06%) and NYSE (+18.59%). The trade higher yesterday left [...]

By |2016-09-22T17:48:24+00:00September 22nd, 2016|Uncategorized|

Investors brace for September

U.S. equity markets closed out the month of August with little to show for themselves. In fact as a result of yesterday's anemic performance the S&P 500 closed out the month in negative territory. All three major US equity indices lost ground on accelerating volume yesterday. The Dow Industrials led the way lower shedding 0.30%. [...]

By |2016-09-02T13:59:08+00:00September 2nd, 2016|Uncategorized|

Brexit referendum in the rear view mirror, Italy next?

Now that Brexit has quietly evaporated from the group think narrative that failed to drive applicative fear into British voters, and markets have rebounded sharply, is there any chance that any other EU member state will follow suit? Actually, yes. On the horizon there is an increasingly interesting national conversation taking place in Italy of [...]

By |2016-08-26T19:10:08+00:00August 26th, 2016|Uncategorized|

Oil is Back in the Narrative

US equity markets slipped quietly into mid-August. Last week the S&P 500 rose a slight 0.002% - effectively a flat performance. The Dow Industrials, also flat, rose 0.004%.   Just when OPEC members felt comfortable that their approach to vanquishing US production by driving excess production into global markets had succeeded, US shale production has [...]

By |2016-08-17T15:32:22+00:00August 17th, 2016|Uncategorized|