COMMENTARY
NASDAQ climbs above its 200 day moving average with volume to boot
Big Wave Trading model goes to buy signal, find what stocks to go long by signing up here Bank of America (BAC) lead way with a hefty price gains boosting the entire banking sector. Semi-conductor stocks don’t appear to be that far behind with Intel (INTC) leading the...
The Stock Market Closes Flat as volume perks up on the NASDAQ
Volume remains below average a sticky point as it signals a lack of confidence from big institutional investors. Perhaps large outflows of equity funds are to blame, but there are a variety of factors none of which matters to us. Volume will matter and at some point...
Stocks Close with Big Gains, but Close Off the Highs of the Session
The party started off early as optimism was spewing from the talking heads at CNBC and the majority of the financial news media. Why not, it’s a New Year and a new outlook on what is ahead in 2012! Mr NASDAQ led the major indexes today, but failed to see volume above...
Volume slides as stocks recoup most of Wednesday’s losses
One more day till the 2011 books are closed up and for many professional money managers it does not come soon enough. Today’s rebound would have been much more convincing if volume had been more significant. Overall the market is simply hanging tough and it will most...
Deflation? Precious Metals Think So, Stocks Follow Suit
The biggest story of the day was the move in Gold and Silver. We have heard EVERY opinion there is known to man about both precious metals, but today is very telling where both metals want to go for the foreseeable future. Stocks followed to the downside with the...
Despite a Jump in Consumer Confidence Late Day Selling puts a Clamp on the Day’s Gains
A real do nothing day as traders and investors come back from a long holiday weekend. Do nothing, yes; today’s holiday trade is quite meaningless as volume was quite light. NYSE volume was higher than Friday’s session, but by 1% and not to mention it was already LIGHT...
Light trade dominates the market as holiday trade sets in
Institutions took an early departure from the market as volume ended lower across the board. Laggards pushed the market higher, but given the light volume day suggests bottom feeders were looking for bargains. Without volume, it is hard to put too much weight on...
ORCL and the Cloud Darken the NASDAQ Skies despite the market closing in the upper half of the day’s range
ORCL’s dismal earnings report really laid the smack down on the software sector today. Heavy volume plagued many names, but none more than ORCL. Volume rose across the board, but the NYSE volume was a positive whereas the NASDAQ volume was more due to ORCL’s massive...
Stocks jump higher confirming a new market uptrend
Once again Europe helped set the tone for the market pushing futures higher during pre-market hours. Buying was strong during the morning hours and continued right into the close. Quite the turnaround from yesterday’s pathetic showing by stocks. Financials helped...
BAC hits a major pivotal point leading the market lower
Forget the ECB failing to give the market what it wants, non-sterlized bond purchases it was BAC stealing the show. The stock dropped below the pivotal $5 mark signaling continued selling pressure on the stock. Homebuilder confidence inched higher and even coming in...
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