COMMENTARY

MarketSpeculator is currently on his way to my home state in Maui so I get to pick up the commentary for now. Trust me, it will not be as good as I do not have time to waste your time. On that note, let's get this started. The stock market had what I can only describe...

Stocks rallied hard at the open after an onslaught of economic data.  The buying lasted until about the time the Federal Open Market Operations or POMO began pumping fresh new liquidity to prime dealers.  Given the FOMC policy statement on Wednesday it appears many...

A better than expected release of Advanced Retail Sales figures did very little keeping the market from heading lower for the third straight session.  The Dow Jones Industrial Average lost another 103 points on the day as it set a new low for the Month of December. ...

Distribution strikes across the market today as prices fell more than 1% on the NASDAQ, S&P 500, and Russell 2000.  Small cap stocks continue to take the brunt of the selling as noted yesterday’s commentary and today was no different.  The Dow did lose triple...

Leading to the downside again was the Russell 2000 index closing lower by 90 basis points.  Small cap stocks have been bearing the brunt of selling as of late.  While NASDAQ volume was higher it did not trigger a distribution day as the loss wasn’t great enough. ...

A double dose of bond buying today from the Federal Reserve totaling roughly $5 billion wasn’t enough to keep stocks at their highs of the day.  It appeared for much of the session sellers would have an upper hand in the battle all day long.  Today’s double POMO was...

This morning we got another read on third quarter GDP and it was up more than expected. Jobless claims dipped below 300k once again, but the good news did not excite the market enough to push higher. All eyes appear to be glued to tomorrow’s non-farm payroll figures...

Stocks rallied off the morning lows only to take out the morning lows by early afternoon. The morning session the market looked great setting up an outside reversal day. Volume was running higher, but the rug was pulled out from underneath buyers until sellers were...

Economic data was on the light side today with only the ISM New York figure hitting the wires. European markets were lower in heavier trade putting pressure on futures and much of the morning session. Volume jumped above Monday’s level giving the S&P 500 another day...