COMMENTARY
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...
Volume subsides as stocks finish well off their highs
Economic data gave a boost to premarket futures pushing the market to gap more than one percent at the open. The euphoria at the open did not last long unfortunately as sellers took to the market. It wasn’t long before the NASDAQ dipped into the red; buyers weren’t...
AAPL Staggers as the NASDAQ leads the market lower
Buyers had post Federal Reserve policy statement hangover for much of the trading session. Volume rose on the NASDAQ, but fell on the S&P 500. Price action looks pretty iffy on both indices with the S&P 500 joining the NASDAQ composite below their respective 50 day...
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