COMMENTARY
Stocks Find Support as Volume Jumps
Starting the day off with economic news did not sit well with the market. Durable goods suffered a wider than expected drop perhaps signaling further weakness in manufacturing seen from earlier reports. Volume started the day off much heavier than Tuesday’s action,...
Weakness Permeates Throughout the Market as Stocks Close Near Session Lows
New home sales jumped more than expected but it was the data out of the Richmond Federal Reserve Bank that shook up the market. The manufacturing index flashed a negative reading well below the expected reading showing manufacturing is slowing significantly. Traders...
Debt Worries Plague the Market; Stocks Fall
The Euro Zone continues to be plagued by debt woes as many Euro nations cannot come to grips with reality. Therefore, fear of a pending collapse, traders rushed to sell stock. The market did appear to find some footing after 12 pm EST hit rallying to its highs just...
Disappointing Economic Reports Fail to Bring Down Stocks
The market digested a few economic reports, two being very disappointing yet the market was able to hold up. Leading indicators dropped to -.3% the first negative reading since last June and worse yet Wall Street expected a positive reading of .1%. To piggyback on top...
Stocks Bounce in Weak Fashion; Volume Falls
The attempted rally continues with the NASDAQ jumping 114 basis points, but the red mark was volume coming in sluggish fashion. Leading stocks did their best to bounce off support levels, but there wasn’t a big push in many names. While today may have been an...
NASDAQ Bounces on Oversold Conditions as Volume Continues to Swell
Weak economic data kicked started the day with Housing Starts dropped more than expected in the month of April. Sellers rushed to dump stocks after the 10 o’clock hour was underway sending stocks to their lows. However, this push was sent the market well into oversold...
NASDAQ Drops Hard as Leadership Stocks Fall; Volume Rises
The most important indicator of the day was the nasty selling seen in Leadership stocks. Market leaders are the number one-tell in a market and ignoring them is doing so at your own peril. NASDAQ led the entire market down today closing down 163 basis points with the...
Commodities Tumble; CSCO Stumbles in After-Hours
“The market giveth, the market taketh” Yesterday’s rally appeared to be a follow-through from Monday’s low volume rally, but the market gods had other plans. The trade imbalance widened more than expected suggesting the US’ rising exports did not gain enough to...
Stocks Rally Behind Growth Stocks and Small Caps
Small cap stocks along with leading growth stocks helped boost the market. The market felt sluggish for most of the day after 11am EST. It appeared as if sellers sat at the high of the day knocking down the entire market. However, just after 2pm EST stocks caught a...
Small Caps Lead the Way, but Volume Drops
Commodities rebounded on Monday after tumbling last week after a host of margin hikes. Stocks faired well with Small Cap stocks jumped more than one percent on the day. Volume dropped against Friday’s pace as institutional players stepped aside today. Volume dropped...
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