The NASDAQ reversed its gains in a big way after the Fed Chairman does not mention further quantitative easing. To add insult to injury Fitch warned of a possible US downgrade if a viable debt plan was not forged. Preliminary volume figures does show volume was lower on the day, but the day’s action hints [...]
Bernanke Fails to Mention QE3; Fitch Warns of US Downgrade Sends Stocks Lower
Posted on June 7, 2012 // Leave a Comment
Something Doesn’t Feel Right but Stocks Close Higher on Increased Trade
Posted on July 21, 2011 // Leave a Comment
Financial stocks lead the market higher despite the pitiful performance from many leading stocks. Jobless claims jumped week over week, but it was better than expected readings from Leading Indicators and the Philly Fed helping out the market during the early going. Leading stocks bolted out of the gate in the morning trading hours only [...]
Stocks Take a Dive as Sellers Take Hold of The Market
Posted on March 10, 2011 // Leave a Comment
Market correction deepens as volume swells across the board Economic news helped fuel the fire in sellers pushed stocks lower at the open. Volume swelled on the NYSE and NASDAQ as institutions rushed into the market to dump stock. The market has been under pressure since late February when leaders began to show some weakness, [...]
NFLX Stock Drops in Heavy Trade as the Market Grinds Higher
Posted on March 8, 2011 // Leave a Comment
Stocks rebound on light volume after Monday’s heavy volume decline Facebook released news it would begin streaming movies from the site as another entry into NFLX stock’s neighborhood sent the stock lower. The decline did not stop the Russell 2000 from gaining over 1.5% on the day leading all exchanges while the Dow lead all [...]
NASDAQ Suffers Heavy Distribution
Posted on January 19, 2011 // Leave a Comment
AAPL Reverses Gains as Stocks Close Just Off Their Lows Sellers took to the market as the NASDAQ suffers a major day of distribution. The carnage continued after hours with FFIV reporting mixed results sending the stock lower by more than 30 points in after-hours trading. The open belonged to AAPL as the stock hit [...]
Holiday Shortened Week Kicks off With Gains in Light Trade
Posted on December 20, 2010 // Leave a Comment
A double dose of POMO props up stock prices A quiet day on the economic release front as the Federal Reserve gives the market a double dose of Permenant Open Market Operations buying of United States Treasury securities. Over the past few days the trend has been the market gapping to the upside only to [...]
Volume Jumps as Leading Stocks Slump
A big distribution day strikes the market, but the real story is how leading stocks fared in today’s session. While we can focus on INTC, AA, or CSCO the real story is how leading stocks acted today and what they are foreshadowing. Distribution days happen in uptrends and are quite normal. However, today’s action in [...]