COMMENTARY

Stocks Get Intraday Support as Volume Subsides

Although volume was lower across the board today price action was quite nice.  Normally, we'd like to see the market pullback on lighter volume.  Today, it appeared we were going to get stocks to do just that.  However, by the end of the day the market had moved off...

Meredith Whitney Rains on the Stock Market Rally

Monday was an excellent day for the market even with Meredith Whitney coming on CNBC claiming the stock market is overvalued.  Traders immediately sold  bank sotck  as Whitney had so nicely "called" their collapse in 2008.  Even with her so timely call of...

The Market Continues To Do One Thing Only

That is go up and that is great for us that are long. However, we were much more long before the recent distribution hit the market. That is fine, if the rally does have staying power, again, we will continue to find good charts to go long. I know it can be...

Distribution Sets in as the Dollar Rallies

Just another day in stock market land where stocks staged an intraday reversal as the US Dollar rallies.  Volume rose across the board, but only slightly higher than Wednesday and still well below average.  On the NASDAQ Three Come Corp provided the day with volume...

Stocks Take a Break as We Get a Day of Consolidation

We got a much needed day of consolidation as stocks digested the most recent gains.  With the NASDAQ running more than 100 points recently it was time for the index to take a breathier.  Volume ran 13% lower on the NYSE while NASDAQ volume ran slightly higher at .39%,...

Positive Economic Data Along with CSCO Lift Stocks

The market has been able to bounce from its most recent bout of selling pressure.  Selling pressure was intense and widespread as breadth levels got severe.  So far we have seen very little in the way of accumultion despite today's price advance volume simply was no...

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