COMMENTARY

Stocks were weak to begin the day as pending home sales were weaker than expected. The weakness didn’t last very long as traders and investors were positioning themselves ahead of the Federal Reserve policy statement. By noon, stocks were at session highs, but it...

Another great day for the stock market as again buyers step up and support the market. The market did get help from the Richmond Federal Reserve Manufacturing index as it came in better than expected. However, the market turned its attention to AAPL’s quarterly...

The day began with a solid move off the lows and it was looking like the market was going to surrender to the bulls. After the 10 o’clock hour sellers hit the market sending stocks lower, but in a bullish fashion stocks were able to find support. Today’s move would...

Positive news for the job market as jobless claims fell hard, but it was the NASDAQ 100 closing at an 11 year high that stole the show. Yes, it is positive claims almost broke through the -300,000 level and the market certainly liked the figure. Even a slightly...

Another stellar day for the bulls as stocks rose across the board. The S&P 500 closed higher for the 10th time in 13 sessions but volume fell on the index. For the NASDAQ composite the index closed higher with higher volume and it was above average. Clearly the NASDAQ...

The morning started off great for stocks, but the day’s gains were unable to grow. Fresh off a long weekend it appeared overseas markets were brushing off S&P’s downgrade of 9 Euro nations. Little ground was covered for much of the session as the market traded within...

Despite posting gains the S&P 500 and NASDAQ volume ended lower on the day. Despite the positive price action volume didn’t jump along with the move. While this isn’t a major red flag, it is something to watch for over the next few trading days. Commodities reversed...

The NASDAQ closed higher for the 6th time out of 7 days as volume continues to remain above average. Today appeared on the onset it would be a day of consolidation, but the NASDAQ would have none of that. While volume remains above average for the NASDAQ the S&P 500...

Volume jumped on the day, but price gains weren’t hefty. Financial stocks continued to play nice in the sand box with BAC helping out the Dow Jones Industrial average. Semi-Conductor stocks got a boost from an upgrade as INTC lead the way. On the flip side, GOOG and...

I am not sure if MarketSpeculator is writing commentary tonight or not. He has suffered a very sad situation involving his beloved dog. Our hearts go out to him during this sad time. I am fully margined long and continue to have tons of system buy signals all over the...