COMMENTARY
Market Dives Hard Despite Debt Deal; Global Stocks in Serious Trouble
Our caution over the last few weeks has been warranted after these past two days. I'd love to say we are about to bounce and recover, but at this point all rallies will be sold into. The VIX moved 5% today, but the 5% came at the end of the day. The debt deal does...
Market Can’t Escape the Debt Deal Close Lower
The day started off well with the NASDAQ gapping up more than 130 basis points. However, it wouldn’t last more than a few minutes with sellers taking over pushing the market lower. ISM manufacturing and construction spending didn’t help. ISM manufacturing was expected...
Stocks Give Away Intraday Gains Close Near Lows
The day started off rocky despite a positive jobless claim figure at 8:30pm. Traders pushed the market to its high of the day by midday causing many to think the recent sell off was all over. However, the market continues to be heavy with plenty of stocks continuing...
Institutional Investors Unload Stock; Finish Near Session Lows as Volume Soars
Another ugly day, or as we like to say "fugly" day on Wall Street as investors sold down stock. Small cap stocks lead the way down as the Russell 2000 closed down nearly 3%. The NASDAQ shed 2.65% while the S&P 500 closed below its 50 day moving average shed 2%. Volume...
Stocks End On a Sour Note Notch Another Day of Distribution
Once again the Debt Ceiling debate continued to dominate the headlines despite earnings season. The lack of ability for Washington DC to come together continues to strike fear amongst market participants. Institutions stepped up their game today selling stock on the...
Hope Fades on Debt Deal Stocks Finish Lower
With little economic news to digest the market turned its sight on the Debt Ceiling debate in Washington, DC. Volume began the day lower on the NASDAQ and flirted with positive territory on the NYSE. By the end of the day however, the NYSE posted higher volume than...
Something Doesn’t Feel Right but Stocks Close Higher on Increased Trade
Financial stocks lead the market higher despite the pitiful performance from many leading stocks. Jobless claims jumped week over week, but it was better than expected readings from Leading Indicators and the Philly Fed helping out the market during the early going....
Stocks Close Lower Despite Big Earnings out of AAPL Stock
AAPL stock blew out earnings estimates and gave an impressive earnings release. There is no denying the power of that stock, but its gains failed to lift the market for a second straight day. Volume dried up across the board, excluding AAPL from the mix. The action in...
AAPL Stock Shines as IBM Stock Reports Earnings After-Hours
AAPL stock surges on big volume as buyers rushed into the stock. In the meantime, the NASDAQ and the rest of the stock market were in trouble for much of the day as sellers took ahold of the market for much of the day. The late day surge in AAPL stock helped lift the...
Bernanke’s Hint at QE3 Fails to Keep Stocks at Intra-Day Highs
Ben Bernanke got the market off on the right foot after the 10am EST hour. Stocks were giving up early morning gains prior to Bernanke’s testimony in the House. The market cheered as the possibility of further easing, or what it is in reality printing money was put...
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