COMMENTARY
Economic Data Sparks Selling as Volume Swells
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...
Late Day Selling Knocks Stocks off Their Highs of the Day
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...
M&A Activity Gives the Market A Boost
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...
Melt-Up Monday Lives up to its Name as Trade Slows
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...
Stocks Recoup Losses as Trade Falls, but End Lower
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...
Stocks Breakdown on Heavy Volume
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...
Fed Provides A Spark, but Gains Sputter Out
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...
Top Current Holdings And Total Returns
This is a list of my current holdings up 10%+ since going long (up 5%+ since going short). All longs/shorts are posted to subscribers of the Silver package. All sells/covers are posted to subscribers of the Gold package. Currently around 20% long 5% short 75% cash....
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...
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