COMMENTARY
Salesforce.com Dazzles in After-Hours as Stocks Close higher
Volume rose on the NASDAQ as the index was able to find its footing again. The S&P 500 had a good day, but volume continues to be below average a sign institutional investors continue to stake out in NASDAQ listed stocks. Jobless claims fell more than expected and the...
Small caps lead the market lower; Volume slips again
Another quiet day on Wall Street where stocks close near the lows of the session, but volume falling below yesterday’s level avoiding a day of distribution. We did receive downbeat news from the housing sector sending homebuilders lower. Gold (GLD) and silver (SLV)...
Crude surges as stocks end mixed
Crude oil surged past $105 a barrel as tensions in the Middle East continue to be escalated. Stocks were mixed; the surge in crude is not a welcome sign for the fragile economic recovery. Volume was lower than Friday’s level, but volume has been and continues to be...
Closing at the highs stocks erase Wednesday’s loss
There were many market top callers coming out of the wood work after Wednesday’s market. Sure, it didn’t look good at all. On top of it all AAPL appeared to put in a topping candle with huge volume. Buyers stepped up in a big way supporting the market, but the...
Nasty Intraday Reversal Led by AAPL Sours Uptrend
Positive economic data helped set the tone early for the market. Empire manufacturing and the Home Builders confidence survey both came in better than expected. By noon, the high of the day was set and AAPL’s roll over pushing stocks lower. Volume jumped on the day...
Last half hour of trading sends stocks to the highs of the session fending off a day of distribution
Retail sales weren’t overly exciting sending stocks lower at the open. Volume was hot throughout the session as institutions appeared very active in the market after yesterday’s low volume showing. The tale of the day was the buying spree that took place at the close....
Barron’s Declares Dow 15,000 and Stocks Respond Closing Higher
Leading the way Small Cap stocks closed higher followed by the NASDAQ. Volume fell across the board, but coming off a weekend it isn’t entirely surprising volume was off. AAPL pushed through the $500 level for the first time. Another stock hitting $500 was ISRG; two...
Greeks Agree to Austerity; NASDAQ Leads, but Small Caps Lag
The big news of the day was the Greek’s finally were able to come to terms on a new, new, new austerity agreement. Yes, another plan they will fail to deliver on. Volume ended the day mixed as NYSE volume slid underneath yesterday’s levels as NASDAQ volume jumped...
Bears take it on the chin again; DMND reminds us why we don’t catch falling knives
This week has been very light on the economic news front, but it hasn’t been light in terms of gains. Volume was higher on the day as institutions stepped up in a big way supporting the market once again. The morning session gave way to sellers, but once again the...
Stocks Close in the Green Again; Uptrend continues
Just another day in this uptrend as stocks close higher on the day recovering from early morning lows. Volume rose on the day showing institutions had an appetite supporting the market on the morning dip. It is truly amazing this market is on, a straight line to...
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