COMMENTARY

Chinese Save the Day; Stocks Close Higher as Volume Lags

Coming into the week more concerns over a Greek default piled onto an already unstable market. Fear has gripped this market and it doesn’t surprise us. Monday’s trading session was filled with wild swings that would make most violently ill. Day traders delight...

Stocks Rebound Despite European Jitters

European stocks on Labor Day took on massive losses on Monday while the US was enjoying the day off. US Equity futures weren’t enjoying much of anything indicating a sharply lower open for US stocks. The only piece of economic data on the horizon was the ISM Non-Mfg...

Resistance Proves too Much Stocks End Lower

Another shot at the 2600 level for the NASDAQ was denied even after a better than expected ISM Manufacturing figure. The market was expecting a contraction, but the index was able to hold on and show a little expansion. Bulls took over, but for only for a brief moment...

August Closes a Volitile Month with a Fizzle

Looking back at the month we were witnessed to a wild and crazy trading. The S&P 500 was down more than 5% for the month while the Russell 2000 index was down more than 8%. All the while S&P downgraded the United States Issuer rating from AAA to AA+. Today’s action...

Institutions Stay on the Sidelines as Stocks Roar Higher

Hurricane Irene did not come as advertised helping boost stocks at the beginning of the day. A surprise jump in personal consumption helped fuel the early morning rally. The US savings rate dropped a bit to 5%, but the market liked what it saw and pushed higher. Even...

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