COMMENTARY
Bouncing from Oversold Conditions Stocks End Higher
It was about time as stocks closed higher after heavy selling plagued the market last week. Today was not a surprise as the market was in extreme oversold conditions where an obvious bounce was near. Advanced retail sales helped boost buyers as sales did not drop as...
Stocks End Mix as Commodities Move Lower
Volume dried up after Friday’s disastrous close, but the market was unable to hold its early morning gains. The market did not get a dose of economic data to sway the market in either direction. Pundits appeared to be more worried about what Greece’s potential,...
Stocks Close Weak, but end Higher
The market was able to stop the bleeding temporarily by closing higher, but volume lagged. Institutions weren’t out in the market in full force scooping shares as volume sagged significantly behind yesterday’s level. Beginning the day the market was able to shake off...
NASDAQ Closes Down for the Fourth Straight Day as Volume Spikes
Institutions were busy in the market today shown by the noticeable spike in volume, but it was not on behalf of the long side of the market. The market did see support briefly in the early going and volume was running higher giving a hint a short-term bottom may be...
Market Falls in Late Trade on Bernanke Comments
For the fourth day in a row the NASDAQ ended lower, but volume fell on the day. AAPL stock fell more than 1.6% weighing down the NASDAQ and continues to be a sore spot for the NASDAQ. Although the market was shaking off AAPL’s weakness for much of the day and it...
Market Weakness Continues; Leaders Continue to Fall
The market did not receive any economic updates today, but writing on the wall suggests further pain is likely to be upon us. Since the first week of March the market has been heading sidways and has been unable to make headway despite positive earnings reports. Weak...
Weakening Economy Takes Down Stocks; Heavy Volume Selling
Kicking off the day with horrible economic news was the ADP employment report showing a measly 38,000 jobs created last month. Terrible because the street was looking to see a gain of 175,000 jobs! In addition, the ISM Manufacturing index slowed again nearly...
Stocks Advance in Heavy Trade as the Month of May Concludes
Over the weekend IMF and other world leaders came together to help fund another Greek bailout giving a boost to the futures. However, the news of a possible Greek bailout quickly fizzled after the market digested less than stellar (terrible) economic data....
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...
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