COMMENTARY

In a surprise event 3rd quarter GDP printed above 3% above expectations. Unfortunately, the surprise to the upside failed to induce a strong response from the stock market. Initial jobless claims rose to 361,000 for the week a bit higher than expected. But, dominating...

Small caps were able to close in the green, but the major indices were unable to hold their early morning gains. At the end of the day there were some fireworks with sellers showing up and pushing the Dow, S&P 500, and the NASDAQ to the lows of the session. Perhaps...

Once again the market powers ahead in heavier trade indicating higher prices are ahead. Homebuilder sentiment came in as expected hitting 6 year highs, but a potential deal is likely in the Fiscal Cliff saga. All that matters here is we have a ton of stocks breaking...

Today we saw strong action from banks and homebuilders as the Russell 2000 led all major market indices higher. Today was quite a pivotal day with price action and volume coming together. This market still remains without a true follow-through day, but the move today...

Just the headline of a meeting between Boehner and Obama helped push the market off the lows. There is desperation for a deal for the fiscal cliff. The market for the second straight day rolled over from the morning highs. Despite doubling down on QE infinity stocks...

The long awaited final Federal Reserve meeting of 2012 initial was celebrated, but the cheering did not last into the close. If quantitative easing parts one, two, and three weren’t enough the Federal Reserve announced a new round of asset purchases. More importantly...

The only excitement of the day occurred just before the eleven o’clock hour with the market pushing to break out from last week’s high. Volume was running below average, but price action appeared to be strong. However, just prior to the breakout we saw sellers step up...