By Josh Hayes on March 20, 2007
It was another day of light gains, for the stock market. However, today, had a bit more of a steady bullish bias to it, unlike yesterday, as big-cap indexes closed near their HOD. The good news for stocks came on the back of a better-than-expected housing starts number for February. That number was up 9% [...]
Posted in default category | Tagged accumulation, adza, bad news, breadth, dead cat, djia, hod, lows, moving average, Nasdaq, rallies, sp 500, stock market |
By Josh Hayes on February 7, 2007
It was yet another driftless day for stocks, overall, as comments from Fed heads Bernanke, Yellen, Moskow, and the Treasury Secretary had no major effect on the stock market. There was no catalyst for stocks to move in one way or the other. It was basically about earnings action in individual stocks and nothing else, [...]
Posted in default category | Tagged accumulation, breadth, djia, moskow, NYSE, products group, sp 500, steel products, stock market, treasury secretary |
By Josh Hayes on February 1, 2007
Investors were definitely happy to see the Fed leave rates unchanged–even though I am not sure what else they were expecting–and rewarded the stock market with gains across the board. The Fed stated that core pricing pressure subsided, which relieved inflation concerns, and stated that economic growth was firmer and the housing market has stabilized. [...]
Posted in default category | Tagged breadth, consumer confidence, djia, economic growth, housing market, Nasdaq, nassy, NYSE, s trading, service group, small caps, sp 500, stock market, transportation service, wishful thinking |
Manufacturing Slows, but Fails to Slow Down the Market
By BigWave_Trader on September 15, 2010
Volume slows as stocks add to gains Weak manufacturing data set the stage for early morning selling, but like Tuesday buyers stepped up to push stocks higher. However, today’s action wasn’t driven by any one stock like Tuesday and CSCO’s dividend announcement. The market ignored its seemingly overbought conditions to push higher into the close [...]
Posted in Commentary | Tagged bull market, Daily, RDWR, stock market, Uptrend | Leave a response