COMMENTARY
October Comes to a End, Stocks Close Lower
S&P 500 closes the month with nearly 5% in gains despite a government shutdown. Volume was up on the day as end-of-the-month shenanigans elevated turnover. It appeared the market was going to close higher, but late day sellers spoiled the fun. The Dow Jones Industrial...
Federal Reserve stays firm; Stocks Stumble
All eyes were fixated on the FOMC release of their most recent meeting. Heading into the meeting stocks were off their highs of the session. Volume was running lower as many institutions and traders were simply waiting on whether or not the FOMC would announce a...
Stocks do it again, Close Higher
Once again the market was dealt with less then stellar economic data. PPI and Retail sales were disappointing with Retail Sales at an unadjusted rate of -9%. Early in the trading session, but once again buyers were able to use the newly found liquidity from the...
Chinese Stocks Dive as the General Market Closes Mixed; AAPL Earnings Eyed
More disappointing economic data hit the market prior to the market open and after. An initial effort by sellers pushed the market to its lows, but by 11am buyers found their way armed with more than 5 billion in stimulus from the Fed’s POMO. Even as buyers found...
Bullish Sentiment Prevails and Stocks Push Higher in Mixed Trade
Jobless claims disappointed the market, but they wouldn’t hold back the Dow Jones Industrial Average from gaining 90 points on the session. Also on the negative economic news front Markit Preliminary PMI for the US printed lower than the expected 52.5 reading at 51.1....
S&P Closes at another All-Time High; Bonds Rally
We finally go the September jobs report showing a measly 148,000 jobs were added to the economy. The unemployment rate dropped from 7.3% to 7.2% despite the labor force participation rate held steady. At 10:30 the NASDAQ and momentum leaders were hit hard by a sell...
Stocks End Flat as Earnings take Center Stage
Coming off last week’s tremendous gains the market took a slight breather today. AAPL a big winner on the day helped the NASDAQ close in positive territory, but there were very few large movers as many stocks were digesting gains. NFLX another winner of the day soared...
New All-Time Highs for S&P 500 as Volume Jumps
Overnight the bill to advert default was signed by President Obama giving 90 days till another fiasco. The market cheered as the S&P 500 hit fresh all time highs closing 1733.15. The winning index on the day was the Russell 2000 closing higher by .9%. Volume...
Dow Leads Closing up 200 points while VIX is taken to the Woodshed
Overnight news of a deal helped fuel optimism in the markets pushing futures higher. Buying started just after 9:45 as if it knew the Senate had come to an agreement on a bill. However, highs would be set before noon time and stocks coasted into the close. The House...
Volume Jumps as the US Nears Debt Deadline
We continue to see this market digesting every single headline coming out from Washington. It appeared earlier today the market was about to rocket to new highs, but sellers jumped all over the chance to sell this market down. By the end of the session we still didn’t...
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