COMMENTARY
Stocks Continue Friday's Rebound on Light Volume
Stocks continued where the market left off on Friday by moving higher, but left volume behind. With tomorrow's Federal Reserve rate decision set to hit the market at 215pm EST institutions weren't willing to throw their weight behind today's move. The NASDAQ was...
Friday's Rebound Sets Positive Tone for Monday's Session
Friday's volatile day highlights the struggle between bulls and bears. The job outlook has been grim for quite some time, but Friday's report just highlighted the lack of movement on the jobs front. Buyers stepped up and supported the market, but late morning...
Market Adds to Gains as Volume Ends Mixed
Boosted by earnings from Priceline.com the stock market rose once again but in mixed trade. The NASDAQ saw volume rise by one percent over yesterday's level, but the NYSE failed to see volume rise with volume lower by three percent. Positive data from ADP and ISM...
Volume Ends Mixed As Stocks Take a Step Back
At the closing bell stocks lifted off near lows, but still finished in the red with the NASDAQ notching a day of distribution. After the morning lows the market was able to find buyers to push back up into yesterday's close. However, sellers would have none of it...
Stocks Advance and Clear Key Moving Averages in Light Trade
A term we have coined in our chat room is "melt-up Monday" and once again we had solid gains. Economic data set the stage for stocks to advance and the market gapped higher. Every time we sold off even in the slightest the market found support. Volume did run...
Stocks Erase Losses as July Comes to a Close
Volume Eases, but Stocks Come Well off Lows The end of the month trading is usually described as window dressing and today could be viewed as such. GDP readings of 2.4% kicked off early selling as futures indicated a big drop at the open. By the opening bell the Dow...
A Quick Look At Today's Open
US GDP reading at 2.4% comes in lower than 2.6% expectations Market pundits have been squawking about a slowing economy, but many have disagreed by how much. Goldman Sachs last week set their expectations to 2% while Briefing.com pinned the figure at 3%. Lower...
A Quick Apology About The Web Site Today
I apologize for the problem that we all experienced today when the site failed to load. This is part of the message I received during the day: "Good news, just got the owner of my host on his personal cell phone. The problem is 2 transformers on roof of datacenter in...
Volume Ends Mixed as Stocks Pause
Volume exploded at the open as traders pushed the market to its highs. NYSE volume was running higher about 70% over Monday's levels while the NASDAQ saw an increase of 20%. Consumer sentiment came in slightly lower than expected at 50.4 (expected reading 51). The...
Stocks Extend Gains as Volume Slips From Friday's Levels
The market took the new home sales data and ran higher with the readings. New Home sales jumped from last months dismal numbers as inventories remain at record lows. Volume ran into tough comparisons from Friday after the Europeans released their stress test. At...
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