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 [...]
Bernanke Fails to Mention QE3; Fitch Warns of US Downgrade Sends Stocks Lower
Posted on June 7, 2012 // Leave a Comment
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 [...]
Despite Positive Economic Readings Stocks Take a Tumble
Posted on October 3, 2011 // Leave a Comment
Europe and Asia struggled overnight and into the early morning hours pushing US Equity futures lower. Fears over Greece and other European nations grew, but now fears over China’s growth crept into the minds of traders. At the 10am EST hour the market was handed positive economic news out of the ISM Mfg. report as [...]
DELL Lifts on Buyout Rumor as AAPL sinks Volume ends Mixed
A very quiet day as volume on the NYSE runs very light below Friday’s level. AAPL, RIMM and DELL shares supported the higher volume on the NASDAQ, but were unable to push the NASDAQ into the green. AAPL was able to close above $500, but it continues to come under selling pressure. The DELL news [...]