Economic news was mixed with a disappointing durable goods figure and a better than expected Kansas City Fed Manufacturing reading. The dollar rose again as the European situation continues to act as an annoyance to the market. Europeans cannot get their act together and we continue to suffer having to see it used an excuse [...]
The Dow and Russell 2000 Close Positive as the NASDAQ 100 Limps into the Close
Posted on May 24, 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 [...]
AAPL Stock Blows out Earnings as Stocks Zoom Higher in Increased Trade
Posted on April 20, 2011 // Leave a Comment
Running out of the gate stocks zoomed higher as volume swelled after the market had pulled back from the reaction move off the Japan Crisis low. The action near the most recent highs called into question the whether or not the market would be able to support higher prices. IBD even put their market outlook [...]
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 [...]
Buyers Erase Early Losses as Volume Ends Mixed
Posted on October 26, 2010 // Leave a Comment
Market Leaders continue strength Early selling pressure quickly dissipated as buyers stepped up to push stocks well off their lows of the session to close positive. Better than expected Consumer Confidence and Richmond Fed Manufacturing Index figures fueled buyers just after the 10am hour. Volume ran mixed all day long with the NASDAQ volume running [...]
The Market Ends Higher in Anticipation of Earnings
Posted on October 18, 2010 // Leave a Comment
After-hours trading shows earnings disappointment, but the market still is in a healthy uptrend Earnings were the main story today aside from further talk about Quantitative Easing and the Foreclosure crisis. Citigroup (C) lead off the string of earnings as the market cheered its earning release sending the stock as well as other financial stocks [...]
S&P 500 trades higher for the 6th Consecutive Day as Volume Eases
Attention on the day was aimed at earning’s releases at the close of the day. Stocks were dealt a blow with the IMF cutting its global forecast to 3.5% from 3.6%. While not a big blow to a forecast, but the IMF pointed to Europe and its inability to grow as a primary concern. IBM [...]