Unable to hang to the highs of the session stocks finish higher as volume jumps over Monday’s depressed levels. Wholesale inventories jumped more than expected in the month of February throwing a kink into first quarter GDP. Breadth on the NASDAQ ended in favor of the decliners despite the gains on the day. NYSE breadth [...]
Stocks Race off the Lows as European Bank Recapitalization Rumors Fuel Rally
Posted on May 23, 2012 // Leave a Comment
A better than expected new home sales failed to spark a rally in the markets as traders turned once again to the European situation as a reason to sell the market. Sellers were in control for much of the day as the European situation remains dire. In particular is the situation going on in Greece [...]
Stocks Bounce as Volume Lags; AAPL and PCLN Close Lower
Posted on April 11, 2012 // Leave a Comment
It was interesting to see the market have the ability to close in the green without the help of AAPL and PCLN. These market generals have been helping the NASDAQ to push higher. Coming off extreme oversold levels today’s bounce was quite unimpressive with the market unable to close near the highs of the session. [...]
Last Hour Surge Sends Stocks Higher
Posted on October 4, 2011 // Leave a Comment
A wild day on Wall Street as stocks whipsaw all day long, but finally closing higher on the highs of the day. Hitting bear market levels the S&P 500 was able to bounce back along with the rest of the market. The big winner on the day was Small Cap stocks followed by the NASDAQ. [...]
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 Leads Tech Lower ast the Market Takes a Break in Light Trade
Posted on April 4, 2011 // Leave a Comment
Sellers took to AAPL stock once again as the stock fell more than one percent weighing on the NASDAQ and the rest of the technology sector. Leading stocks on the other hand acted very well suggesting the market simply was digesting gains before making a move to the upside. The stock market has come well [...]
Distribution Day Hits Wall Street as MSFT and ORCL Slump
Posted on February 15, 2011 // 1 Comment
Stocks fall in heavier trade ahead of the release of the FOMC Meeting Minutes The market falls back on heavier trade as the NASDAQ adds another distribution day to its count. Despite AAPL stock efforts the selling in ORCL stock and MSFT stock continue to weigh down the technology weighted index. Distribution days now stand [...]
MSFT Stock Weighs on NASDAQ as the Market Closes in Positive Territory
Posted on February 3, 2011 // Leave a Comment
Crisis in Egypt Continues as Stocks find Support and Close Higher Selling pressure in MSFT holds back the NASDAQ as the market finds support at intraday lows. Kicking off heavy selling pressure at the 10 o’clock morning hour was better than expected ISM Non-Manufacturing figure as it rose to 59.40 from a reading of 57.10. [...]
Crisis in Egypt Continues as Stocks Consolidate Above Key Levels
Posted on February 2, 2011 // Leave a Comment
ADP Employment index took center stage after the market received a jolt of buying on Tuesday. Disappointing investors December’s ADP Employment index was revised down significantly throwing caution to the employment winds despite the index’s gains. The day saw the NASDAQ hang in a relatively tight range with the S&P 500 keeping above its 1300 [...]
Stocks Lift Higher as Volume Disappears
Led by MSFT the NASDAQ led the market higher. Existing home sales disappointed, but the disappointment wouldn’t last very long. Buyers did not have much resistance as sellers weren’t putting up much of a fight. Volume was light even with the solid price gains. MSFT jumped on news of a large position by a big [...]