COMMENTARY
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...
Amazing Fakeout Is The Final Tell Cash Is King
Today was even more amazing to me than yesterday. I will be back with full analysis here later but today is the final confirmation I need to know that this market can not be traded until we have a real correction. Cash is king. I am not sorry I bought stocks today but...
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...
Very Powerful Follow-Through Day Today
I am going over my charts now and will have the new longs and video up shortly. Today was about as bullish of a move I have seen in a VERY long time. No matter how bearish I am I NEVER fight the tape. This time it will be no different. Time to buy stocks again. Crazy...
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,...
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