COMMENTARY

Today’s start to the day appeared as if the market as about to resume its bullish trend. Economic data was non-existent besides a disappointing Flash PMI out of China. Europe was rallying hard on hopes of an optimal Italian election outcome. By mid-morning it became...

World markets were reacting to very poor flash PMI data out of Europe. Futures were lower, but were dealt more blows with disappointing US economic data. Jobless claims rose more than expected, but a big drop in the Philly Fed Index showed how weak this economy really...

Building permits and housing starts failed to inspire the market, but the selling didn’t start ramping until the FOMC meeting minutes. Volume for much of the day was running lower than Tuesday’s level as traders were waiting on the Federal Reserve’s latest meeting...

The market is able to shrug off a dip in homebuilder sentiment and move into new highs on the year. Small caps continue to lift despite ultra light volume in the IWM tracking ETF. Volume on the day was below Friday’s option inflated volume. NYSE composite came in...

No changes on Friday the 15th. Stocks are still in an uptrend while we have seen commodities turn lower. FXY continues to have trouble, but with Japan willing to burn its currency it is no wonder FXY is in a downtrend. TICKER ST TREND TREND CHANGE DATE CLOSE % SPY...

Futures weren’t off to a great start with GDP readings around the world disappointed. Despite Central Bank’s efforts to kick start growth has failed around the world. Jobless claims came in better than expected, but figures from Connecticut and Illinois were estimated...

Stocks enjoyed buying through the early morning session as Europe rebounded from its recent pullback. By 10:30 the market changed behavior as it simply could not maintain its high of the day. Thirty minutes prior to the European close the market took a nose dive and...

NASDAQ Composite continues to lag behind the Dow Jones Industrial Average and the S&P 500. Volume rose across the board, but remained below average. The NASDAQ notched a stall day and although it failed to register a day of distribution. Stalling days are nothing new...