COMMENTARY

Positive economic news across the globe helped push global markets higher. Unfortunately for US markets the NASDAQ’s shut down for 3 hours and 11 minutes held back the markets. Upon reopening the NASDAQ continued to march higher. Who knows what we would have been able...

Failure to finish strong after rebounding from an initial decline post minutes release is not foreshadowing good things for this market. Volume ended the day mixed with the NYSE day over day volume fell on the day while the NASDAQ picked up by 10%. Price action has...

Overnight Asian markets did not act well as Indonesia and India are looking quite weak. The Nikkei is looking rather weak as well despite the Japanese Central Bank pumping trillions upon trillions into the Japanese market. State side the market bounced off short-term...

Summer trading continues as volume continues to be very light. However, price action is not being kind to longs at the moment. The morning’s gains quickly evaporated after the European close as the market as unable to find enough buyers to support higher prices....

A slew of positive economic data helped bolster the case for the Federal Reserve to taper its money printing scheme. Apologies, taper the quantitative easing program. The S&P 500 blew by a key level we had been watching in heavy trade as well as the NASDAQ....

Its official European nations are out of recession as GDP rises above expectations. The news did very little for US stock futures and neither did Mortgage Applications which fell 4.7% week over week. Homebuilders once again were weak on the session and continue to...

A less than stellar retail sales report couldn’t keep the market down today. Volume jumped over Monday’s super light trading volume. It isn’t a surprise to see Tuesday volume higher than Monday, but nice to see where the market reverses its early morning losses. The...

The dog days of summer hit the market with volume dropping to the lowest levels since early July. Early morning lows were met with buyers, but for the S&P 500 and the Dow couldn’t muster gains. Over at the NASDAQ and Russell 2000 were able to grab gains. Not much in...