COMMENTARY

Once again stocks gapped higher at the open and finished higher on the day.  The NASDAQ stalled out on the day as sellers stepped up their pressure on tech stocks.  On the flip side the S&P 500 and NYSE composite indexes enjoyed nice gains with excellent...

Disregarding the final 30 minutes of trading the market appeared to be consolidating its most recent gains quite nicely.  Buyers stepped up their buying activities into the close giving a bullish tint to the day.  Volume was running low throughout the day, but with...

Without any major economic news stocks opened the day gapping higher setting a positive tone for the day.  The US dollar ran into trouble sending precious metals higher on the day.  Gold and silver had been consolidating its move higher in August and quite nicely. ...

From the get-go traders pushed stocks higher aided by a positive ISM non-manufacturing report showing a wee bit of growth.  Institutions sat mostly on the sidelines as volume was lower than Friday's trade.  However, some leading stocks enjoyed excellent price gains...

A quick note on this market. Our major market averages on Friday tested their respective 50dma and their major uptrend lines.  Friday's job report was another grim reminder our economy still faces a terrible challenges ahead.  Volume slid throughout the day as traders...

Sellers were out in full force throughout much of the day as stocks were sold without a thought.  Yesterday's rebound from the lows appeared to be accumulation off the bottom.  Rebounds with volume off the lows is a sign of strength, but today we saw that strength...

It was another story of the morning pop being sold and the market finding support.  Even with a positive revision to the second quarter GDP traders chose to focus on a negative report from Chicago' Purchasing Managers.  Stocks were sold off in panic fashion, volume...

A positive Case-Shiller report helped stocks run at the open as volume surged into the market.  The higher volume wasn't a surprise given Monday's Jewish holiday.  Stocks were hit a blow when Consumer Confidence came in lower than expected with a reading of 53.1. ...

Monday's session served a lesson to bears who were over anxious from last week's pull back.  The Jewish holiday Yom Kippur held back volume as many on Wall Street observed the religous holiday.  It didn't hold back price gains as traders pushed stocks higher...

We had a pretty serious attack on Thursday evening that we didn’t get resolved until Friday mid-morning. Joshua has posted a bit in the forums “General Market” section. Joshua will have everything up sometime Sunday ready for the Monday market open! This attack was...