COMMENTARY

A better than expected Homebuilder sentiment reading failed to lift stocks and sent homebuilding stocks lower. Trading volume rose above Monday’s level, but again was below average. The major stock indexes did notch a day of distribution in technical terms. However,...

A better than expected Empire Manufacturing index was a positive for the market in the early going. However, weaker than expected retail sales gave the market some pause. Despite the mixed economic readings the market was able to push higher on the day even without...

After Wednesday’s close Ben Bernanke back pedaled from his taper fantasy. Stocks enjoyed the renewed effort by the Fed Chairman to continue to pump money into the market. Economic data was essentially ignored by the market as the only thing that matters at this point...

It was clear from the start traders were waiting on the FOMC meeting minutes. Volume was running much lower from Friday’s pace. The housing market continues to receive bad news from Mortgage Applications as once again they fell 4% week over week. Higher rates have...

Sloppy action began the day as sellers immediately hit the open. However, just after 10:30 and during the Fed’s open market operations did the market find its footing and reverse course. For the fourth straight day the market saw gains, but volume ended mixed on the...

The market got off to a good start thanks to Europe rebounding after Friday’s dismal performance. For the NASDAQ the high of the day would come shortly after the open and it would fall from there. The Dow fared the best today gaining 59 basis points, but it too was...

Another morning rally turned sour as sellers regain control. The market received positive news as total vehicle sales jumped more than expected. Once again the 50 day proved too much for the S&P 500 and Dow Jones Industrial average. Today’s volume was higher than...