COMMENTARY

Market Timing Model switches to Buy Mode Economic news was thrown aside today as the Federal Reserve and banks spark buyers to come back into the market. Advance retail sales figures came in line with expectations and didn’t provide much of a spark for the market. All...

Greece triggering ISDA’s rules of a credit event was a non-factor today. There was very little carry over from Friday’s event and the action resembled a good day of consolidation. Volume was light across the board as traders await tomorrow’s Federal Reserve rate...

A slightly disappointing jobless claims figure dampened the mood pre-market. Sellers quickly took hold and pushed the market to the lows of the session. It didn’t take long for buyers to step up and reverse the market’s fortune. It appeared the fears over Greece’s...

Coming off extreme oversold conditions the market was able to find support. Volume came in lower on the day giving the indication institutions weren’t in a rush to get back into stocks. Greece was still in the forefront as Thursday’s deadline for bondholders. Small...

Renewed Greece fears hit the market hard today giving institutions reason to sell stock in mass quantities. For the second straight day the NASDAQ put in a big day of distribution. One positive in the day was there seemed to be buyers supporting the NASDAQ at 2900,...

A positive surprise from the ISM non-manufacturing index and factory orders did not deter sellers from taking aim at AAPL. Getting hit hard at the lows AAPL was down more than 16 points dragging the NASDAQ way down with it. Volume ended lower on the NASDAQ, but for...

A boat load of economic news hit the market early, but it was retail sales creating a stir. Better than expected retail sales certainly did not hurt things today, but you have to wonder with shrinking personal incomes at some point the cycle will break. Volume was...

Big volume throughout the day signal a distribution day across the market making the count up to four for the NASDAQ. Four distribution days is certainly a cause for concern and after today’s reversal on big volume it does call into question if a correction is on the...

A mixed bag right now for the markets and it was the same for economic news this morning. A poor report from durable goods, but a better than expected rise in Consumer Confidence. A few leaders lagged the market today and with the end of the month arrive tomorrow we’d...

Warren Buffet’s CNBC interview was not well received by the futures market as the market was shaping up to open lower. While I don’t think nor care if Buffet was really pushing the market lower pre-market what I do care about was the market’s ability to find support....