COMMENTARY

The day after the FOMC announced the end of its third round of quantitative easing stocks advance.  Early morning futures digested better than expected GDP reading.  Futures did not get all that excited over the GDP figure as it appeared it was government spending...

As expected the Federal Reserve ended the current round, round three of quantitative easing.  Volume ran hot throughout the session and picked up its pace after the Federal Reserve announcement.  Post announcement the usual volatility dance the market does happened...

Strong consumer confidence helped push the market higher, but it may be anticipation of another round of QE pushing the market higher.  Tomorrow’s Federal Reserve announcement is once again the highlight of the week for traders.  Boil down the noise and it will come...

An early morning sell off as pending home sales disappointed did not last long.  Buyers and we use this term loosely came to the market’s rescue pushing the market back near Friday’s closing prices.  Crude oil was a hot topic as the commodity briefly traded below $80...

Yesterday’s losses were quickly erased as traders cheered earnings.  CAT reported earnings prior to the bell and after buying back a ton of stock they were able to goose earnings enough to beat rather easily to the upside.  Buying started from the start and did let up...

All was going well for the markets until afternoon selling soured the entire rally.  Yesterday’s big volume and big price move confirmed a new market rally.  The unfortunate news today was immediately following a confirmation day was a near distribution day....

On the back of AAPL’s earnings the stock market confirmed a new market rally with an explosion to the upside.  While confirming a new rally is always exciting this was done very quickly and well away from lows.  The shape of this rally is not one we like to see to...

Early morning disappointing earnings news from IBM kicked off the week by sending US futures lower.  European indexes were lower following the weekend adding to the weakness in US futures.  Since the last Federal Reserve meeting stocks have been unable to hold many...