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
8 Day Losing Streak Comes to an End
Posted on August 3, 2011 // Leave a Comment
Rumors of a potential third round of quantitative easing helped lift stocks from the lows of the session. A dismal report from the ISM Non-Manufacturing survey put plenty of pressure on stocks as volume swelled. The VIX on the other hand did not confirm the capitulation type volume we witness on both exchanges. Rumors of [...]
Bernanke’s Hint at QE3 Fails to Keep Stocks at Intra-Day Highs
Posted on July 13, 2011 // Leave a Comment
Ben Bernanke got the market off on the right foot after the 10am EST hour. Stocks were giving up early morning gains prior to Bernanke’s testimony in the House. The market cheered as the possibility of further easing, or what it is in reality printing money was put back on the table. Stocks stormed higher [...]
NASDAQ Captures its 50 Day as Volume Rises ahead of the FOMC
Another good day for the markets as leading stocks continued to see breakouts. Volume rose on the day, but remained below its 50 day volume average. The market was able to ignore poor housing starts while building permits picked up more than expected. European markets closed higher calming fears over economic collapse in the Eurozone. [...]