COMMENTARY
The Market Adds to Gains as Financial Stocks Rise
Uptrend continues The trend continues as stocks close out the day near the highs of the day as volume ended mixed. Price action continues to be bullish despite calls from many who believe the market is overbought. Financial stocks were big winners today as a positive...
Jobless Claims Disappoint as Stocks Take a Step Back
Bernanke panel spooks the market, but its about price and volume action as stocks consolidate gains A disapointing jobless claim figures helped send stocks lower for the day, but it was late afternoon selling knocking stocks off the highs. Initially, the market was...
Technical Distribution Day Comes With A Nice Rally Off The Lows
Today might have been a technical distribution day but there was definitely nothing scary about today. The market came no where close to finishing near the lows and the rally that came around 1pm to the EOD helped give the indexes a nice tail which actually suggest...
Stocks Rally On Higher Volume Following The Light Volume Holiday Trading
While MarketSpeculator/BigWaveTrader is on vacation on my stomping grounds of Maui, I will fill in with some brief comments, until he returns. -- Josh Hayes The market had a very strong session today and despite finishing off the highs overall it was a great day. The...
Stocks Rally off The Lows of The Session Coming off the Christmas Weekend
Heavy snow blankets the east coast, but fails to keep stocks at the lows Traders in New York woke up to a huge pile of snow and a rate hike by the Chinese from Christmas day. Volume after the Christmas weekend was lower and was expected. It is not a secret traders...
Market Closes Higher Again, but Trade Falls
Trade falls as stocks rise hitting new 52 week highs. The big story of the day was the S&P 500 regaining the same level when Lehman Brothers collapsed. It is hard to believe it has taken over two years to recapture the same levels, but it has been the Federal...
Holiday Shortened Week Kicks off With Gains in Light Trade
A double dose of POMO props up stock prices A quiet day on the economic release front as the Federal Reserve gives the market a double dose of Permenant Open Market Operations buying of United States Treasury securities. Over the past few days the trend has been the...
Visa and MasterCard Fall as the Market Rises
Volume slides as stocks close just off the highs of the day Volume stumbles ahead of quadruple witching Friday, but stocks rebounded. Stocks began weak as a better than expected jobless claim figures failed to spark futures. POMO appeared to be the key driver for...
Sellers Take Control as the Market Ends in the Red
Tame inflation data and better expected manufacturing day did very little supporting stocks as sellers jumped back into the market. The market did find buyers pushing the market to its highs prior to the noon hour. Volume was non-existent as the volume run rate ran...
Stocks Escape Distribution, but Leaders Weaken a Bit
The market gets a late day save as the NASDAQ escapes back to back distribution days as the Federal Reserve rate announcement induces volatility. In the early going the market did stumble, but buyers stepped up and supported stocks prior to the Federal Reserve rate...
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