COMMENTARY

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...

Today was largely an uneventful day as volume was well below average and well under Friday’s level. Sellers continue to be on vacation as buyers were able to lift the market into the close. AAPL was the talk of CNBC, but the stock remains in no man’s land despite the...

One change in SLV as we have switched back to an uptrend. TICKER ST TREND CHANGE DATE CLOSE % SPY UPTREND NO CHANGE 2/8/2013 151.80 0.56% IWM UPTREND NO CHANGE 2/8/2013 90.80 0.71% QQQ UPTREND NO CHANGE 2/8/2013 67.99 1.03% USO UPTREND NO CHANGE 2/8/2013 34.70 0.06%...