COMMENTARY

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...

Jobless claims and GDP did very little to shake the market one way or another this morning. Overnight futures did receive a boost when the Nikkei reversed its losses of more than 1% to close higher by more than 1%. Europe was mixed, but nothing notable to excite, nor...

For the first time this year the S&P 500 closed down five straight sessions. Is there any meaning to this? Not likely, but it is a fun point to bring to your attention. Early economic data was not kind with a weak Durable Goods number. New Home Sales were above...

A positive read on home prices from the Case-Shiller report helped futures initially. However, fears over a new housing bubble have resurfaced causing CNBC to focus their coverage. A poor Richmond Fed and a lighter read on Consumer Confidence helped sellers pushing...