COMMENTARY

Another weak session with sellers dropping the hammer on stocks at the end of the trading session.  Existing home sales accelerated the selling after its release at 10am EST.  The report showed a drop of more than 27% month over month sales figures highlighting...

Melt-up Monday did not disappoint traders in morning trading as stocks pushed to highs around 10am.  Unfortunately, weakness crept into the market as buyers seemingly went on strike for the remainder of the day.  Summer time trading was in full effect as volume was...

Traders were focusing on economic reports and it kicked off with jobless claims.  The market was dealt a blow with economists were expecting to see claims figures down 475,000, but claims rose to 500,000.  Futures reacted negatively, but the market was waiting on the...

Early morning selling gave way to buyers pushing stocks to their highs just after one in the afternoon.  Sound familiar, indeed yesterday's stocks flashed highs just after one in the afternoon only to give way to sellers.  Once again, the market pulled back from its...

The market got an initial jolt from Potash who received an unsolicited bid for a takeover.  In addition, weak housing data fueled speculation of a housing bottom as the numbers weren't that bad.  Volume didn't get going until after 10 o'clock when buyers stepped up...

Monday did not disappoint bulls, even with the market opening lower the market found footing early on and moved higher.  Dell Computers bid for 3Par helped fuel small caps as the 1.15Bn bid move the stock more than 80%.  By mid-day the market moved to its high, but...

Jobless claims rose unexpectedly to 484,000 for the weak much more than the 465,000 expected sending futures lower.  In addition to the weak jobless Cisco's weak outlook and missing revenues added to the pain to begin the day.  Volume soared at the open as the NASDAQ...

From the get-go the market experienced heavy volume selling as the market reacts to the possibility of another economic downturn.  Yesterday the Federal Reserve said it would reinvest its mortgage holdings to US Treasuries.  Initially, the market cheered the move, but...

Late day selling put a damper on the post Federal Reserve announcement reaction.  Stocks fell for much of the day leading up to the Federal Reserve rate decision as volume ran heavier than Monday.  Anticipation of the Federal Reserve making a move was widely expect as...