Stocks End Near Lows as Support Fails to Emerge

Heavy trading in Citigroup dwarfs the market as we are reminded we are in a shaky market.  The NASDAQ and S&P 500 closed just off their lows of the session suggesting very little support for the indexes.  Citigroup certainly skewed volume, but with the amount of...

Late Day Sell-Off Brings Distribution Day

Inflation data along with news Wells Fargo paying back its share of the TARP set the tone early on.  Producer prices rose higher than expected sending a bit of fear into traders as early morning trade reflected a fear trade.  Bucking the trend was Wells Fargo, but it...
Small Caps Lead the Way as Stocks Go Out Near Highs

Small Caps Lead the Way as Stocks Go Out Near Highs

Pre-market futures got a lift when Abu Dhabi announced its $10billion bailout for Dubai World.  The bailout set the tone for much of the morning’s session as stocks were able to find bids as well as volume.  It was important for the market to find volume and not...