COMMENTARY
Positive Employment Data and Strong Breakouts Helps Keep this Rally Alive
Just another day in paradise as the stock market continues to power ahead. Lead by Small Cap stocks the market finished higher for the second straight day. After Thursday’s follow-through day we have been on top of this rally, despite any opinions and today was...
Volume Ends Mixed, but Price Action Ends Solid
Markets reverse course and close at the highs of the session despite an unexpected fall in consumer confidence. Early morning selling gave way to buyers just a few minutes after the market open. NYSE vol ran higher, but the NASDAQ’s was unable to catch up and...
Late Day Sell-Off Sours Mood; AAPL Stock Falls
An optimistic start to the day as early morning economic data helped fuel the morning rally. Volume began and ended the day off light, but this an expected outcome as many Monday’s have started out with light volume. As 10:30 am rolled around the Dallas Fed...
ORCL Stock Blast Higher After Earnings, As The NASDAQ Follows-Through
Just after a few weeks of a market correction the NASDAQ notches a follow-through day. A late day push from buyers helped edge the NASDAQ enough to meet the technical requirement of a follow-through day. Yesterday we did see a few market Leaders breakout and today a...
AAPL Stock Slumps as Buyers Jump in Taking Stocks Higher Along with Volume
A plunge in new home sales did provide a bit of selling, but buyers found themselves scooping up shares. The huge drop in new home sales should not come as a surprise, there continues to be a glut of homes and until supply is absorbed. Volume rose across the board,...
Media Focuses on Mergers as Stocks Close in the Red
Volume slips across the board If we do end up getting a follow-through day we’ll look back at today as constructive action. Today was constructive, lower volume on the pullback and price action was not destructive. The market remains in a dicey situation here, as we...
Stocks Advance in Lighter Trade from Oversold Conditions
US Dollar Index hits new lows Gains were plentiful, but stocks finished off their highs as volume finished light. Volume was below average across the board and despite Friday’s options expiration volume was considerably lower. Without volume today’s action was not a...
A Dead Cat Bounce in Progress; Volume Slides as Stocks Rise
Traders saw stocks rise today on the back of extremely oversold conditions and better than expected economic data. We have been under some serious pressure, but the market has been on quite a tear since the beginning of September 2010. Today’s bounce was quite weak...
AAPL Stock Dives Lower Dragging the NASDAQ Down
Heavy volume selling grips Wall Street as stocks finish near the lows of the session. The early going despite the rise in prices and a large drop in housing starts was going well as the market was able to climb into positive territory. However, as the EU Energy...
NFLX Stock Bucks Market Trend as Stocks Close Well Off the Lows
News about more explosions out of Japan continued to rattle the market and it wasn’t just the nuclear power plant. Nikkei closed down more than 10.55% after sellers hit the market hard after new explosions were heard and seen. US Futures took a big haircut as fear...
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