COMMENTARY

Despite CNBC’s best efforts to create massive fear stocks continue to shrug off any attempt to sell-off in front of the possible US default. From the open buyers pushed the market higher throughout the day, even pushing the Russell 2000 to new all-time highs. So much...

This morning stock futures were given news of a potential short-term debt ceiling deal from republicans and futures reacted quite positively. A poor jobless claims figure was released and while it showed more claims were put in the data was skewed due to a technical...

A mixed day on the street as the US Government remains in shut down mode. It appears the street can’t figure out when the Government will actually default and it has caused some confusion amongst traders. The good news on the day was the market was able to close above...

Continued fears over the debt ceiling and the probabilities of default dominate trader talk. The NASDAQ led all major averages lower closing down 2% followed by the Russell 2000 which closed down 1.71%. Volume exploded on the day as institutions continued to dump...

It appears Wall Street will once again force action upon Washington DC with stocks falling today. Sellers were able to reign in buyers just after the surge from the morning session. Accelerating into the close sellers slammed stocks to their lows of the session taking...

It is quite clear the weakest index we have is the Dow Jones Industrial Average closing below 15,000. Earlier in the session the market was handed a slightly disappointing ISM manufacturing index reading. However, it wasn’t until Obama began speaking did sellers use...

A disappointing ADP jobs report stung the market this morning as private payrolls continue to limp along. Futures were indicating a lower open after the Nikkei dropped more than 2% overnight. Once again we saw buyers jump back into the market pushing the market well...

The fourth quarter kicked off with a Government Shutdown, better PMI figures, and higher stock prices. Yesterday’s price action was quite bullish even when considering the not so hot close. This market simply does not want to give up on this current uptrend and we...

The NASDAQ and Russell 2000 were able to find enough buyers to push both indexes well above their opening prices. The same could not be said for the S&P 500 and Dow Jones Industrial Average. Last night futures were indicating the market would open lower, but not...