COMMENTARY

Gold and silver continued their downward move flushing out weak hands as the dollar continued its counter-trend rally.  Outside the dollar and precious metals, stocks simply enjoyed a low volume pull back with the action resembling paint drying on the wall.  It was a...

A late day reversal in front of the November jobs report has Wall Street on their toes heading into Friday's jobs number.  Early going, the market got a shot from the ISM which saw its non-manufacturing sector contract showing a reading of 48.7.  The contraction in...

The market got spooked as the S&P 500 hit new highs, but this time we did not see a high volume turnaround.  Since August when the market hits new highs we have been witness to high volume reversals.  It wasn't in the cards to day as volume was lower across the...

I love to hear all the bad talk about this market when my longs are KILLLLLING it. Thanks talking heads! You are ensuring the rally continues. How about that Dubai situation? HA!

Friday’s shortened session provided fireworks, but Monday’s morning session showed traders were hung-over from the festivities.  It appeared institutions were simply stepping aside during the morning as traders were dumping holdings from Friday’s move.  Another low...

A lot of people sure are tripping-out over FRI's session. However, I can't stress enough that all major selloffs start after already having a series of lower highs and lower lows. If you do not believe me you can go check your own charts of every market decline...

Wall Street was able to withstand the onslaught of economic data to finish near the highs of the day.  GDP revision to the downside was not a surprise as many expected the revision to come in at 2.8%, but the story was how 2.8% achieve.  With consumer spending down...

Traders lifted stocks on Monday after the dollar reversed course as volume slid on the day.  Over the weekend the vote to allow hearings on the proposed healthcare bill had sellers hitting the dollar giving a boost to stocks.  First hour of trading stocks enjoyed a...

For the 2nd straight close the S&P 500 has finished within 10 basis points a show of strength.  That strength reared its head during the last 30 minutes of trading allowing the S&P 500 to escape a distribution day.  The NASDAQ was not so lucky as it notched a...