COMMENTARY
The Market Fights off the Chinese Sell-Off as Volume Surges into the Close
While many on Wall Street were asleep the Chinese markets were selling off and selling off hard. The Shanghai shed more than 6% by the close; volume was lower but with such a nasty decline it continues to spell trouble for the index. Once again the ripple affects...
Stock Investors Enjoy A Slow Week As Indexes Refuse To Give Up Ground
It has been a very busy weekend of surf and visiting friends so I am running behind on a lot of my activities that I normally have fully up before Monday. However, due to the great surf on our north shores after a summer of lame surf on our south shores again, I...
Buyers Swoop in After Stocks Get Slammed
A positive GDP report didn't stop sellers from hammering stocks from the opening bell. During the selling volume actually decreased showing the selling was weakening. In addition, the market was able to creap into an extreme oversold reading on the McClellan...
Stocks End Flat After Yo-Yo Session; Volume Mixed
top longs up WED w/ full returns since 1st buy: ISLN 20% SCLN 104% BCRX 24% SOA 71% PXLW 78% MDAS 34% VOCL 50% AVNR 115% OPWV 28% OGXI 32% ISTA 171% AFFX 36% ATSG 138% ACTG 68% KONG 129% Once again we washed, rinsed, and repeated Monday's and Tuesday's action with the...
For the Second Day in a Row Stocks Stall
A positive Case-Shiller Housing report and a boost in consumer confidence lifted stocks in early trading. Volume swelled as buyers stepped up and accumulated shares, but it wasn't long before buyers simply stepped aside. Sellers took over, but as they took over...
Intraday Rally Fizzles as Volume Slides
Sellers were able to gain the upper had as stocks rallied was quickly sold off on Monday. Neverousness in front of Tuesday's onslaught of economic reports had bulls taking a back seat. Tuesday's economic reports feature numbers from Case-Shiller, Consumer...
Stock Indexes Put In An Impressive Option Expiration Session
Stock indexes put in one impressive session on stronger volume. However, as everyone already knows that volume was skewed higher by options expiration. The good news is that unlike in some months where I have seen some ridiculous price/volume action, I did not see as...
Factory Index Gives a Boost to Stocks
Just no quit in this market, stocks rose for the third straight day as positive news from the Philadelphia Fed Factor Index rose unexpectedly. In other economic news jobless claims rose as well giving some concern a recovery jobs has yet to materlize. The 3+ million...
Turnover Ends Mixed as Stocks Close Near the Highs with Gains
The morning gap lower open was quickly met by buyers as stocks were lifted off of their lows. Volume throughout the morning was running higher than Tuesday, more noticeably on the NASDAQ than NYSE. However, the buy action slowed as volume tapered off on both...
Stocks Recover from Monday's Global Sell-Off as Volume Lags
Lacking any inspiration stocks moved higher on very light trade suggesting buying interest is simply too weak. Recovering from a steap price decline where many leaders were shaken hard it really shouldn't have come as a surprise that a lift in stock prices came on...
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