Uptrend Continues as Stocks Rise

by | Jan 19, 2010

Stocks shook off Friday’s sell off reversing course and closing near the highs of the day.  Perhaps the perceived victory by Scott Brown in Massachusetts help drive Healthcare stocks higher.  Regardless of the reason, stocks drove higher.  Volume was lower after...
A Wave of Support Rolls in Lifting Stocks

A Wave of Support Rolls in Lifting Stocks

by | Jan 13, 2010

The stock market put in a beautiful bounce off support levels showing this uptrend still has legs left.  Our uptrend remains and we continue to find impressive longs. Rather than talk about the NASDAQ let’s take a look at a chart: Options expiry on Friday may be...

Selling Grips Wall Street While Volume Swells

by | Jan 12, 2010

Alcoa’s earnings disappoint coupled with Obama’s plan of new banking fees helps fuel fears amongst Wall Street.  Option Volitility soared as the fear trade crept back into the market.  Selling intensified as stocks were finding new lows throughout the...

Volume Subsides as Dow Leads the Way

by | Jan 11, 2010

There was a common theme today and that was the continued dominance by Chinese stocks.  On the flip side large cap technology stocks weighed down the NASDAQ.  But, the selling was subdued to lower volume showing institutions were not selling hand over fist.  This is...