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Low Volume Rally Runs Right Into Major Resistance: THE FED!; Stocks Selloff On Higher Volume Possibly Ending This Recent Rally

What more can you say but WOW!? There is no doubt in my mind that this was one of the worst intraday selloffs I have ever seen in my trading life. Now, I am sure I probably have seen one this nasty before. In fact, in all honesty, I know I have. But it hasn’t [...]

Stock Indexes Erase Early Morning Losses, Rallying Into The Close, Closing Near Their Highs Of The Day

Stocks fought off morning weakness, caused by a revenue warning from MSFT, and rallied the rest of the day to close flat and near the highs of the day. This bit of news from MSFT particularly hit the Nassy the hardest as MSFT represents 6% of this index. The strength in the indexes in the [...]

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