COMMENTARY
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...
Stocks Gap Lower Thrusting the Market into Correction Mode
The wave effect was in high gear as a global sell-off in stocks began in Japan and finished in the United States. A disappointing GDP report, showing Japan is out of a recession sent traders to sell off stocks. At 4pm EDT the selling finally ceased leaving the...
Get Strapped In For A Wild Monday!
I was extremely busy this weekend with errands that have to be done and due to this constant activity of "stuff" I am unable to deliver a very long commentary. However, I will say the smack down we are getting in the futures is the reason why I have been selling...
Stocks Post Gains with Late Day Rally but Volume Lags
When all was said and done stocks ended higher on the day while volume slid off heading into the close. The NYSE had to deal with a computer glitch that was not properly handling trades causing volume to be "off" giving an inaccurate picture of how active the...
Small Caps Lead the Way as Stocks Finish Higher in Heavier Trade
The morning buying frenzy jolted stocks higher as shorts covered their positions heading into the FOMC rate decision. By 10amEDT the frenzy had slowed by quietly volume began to pick up on the day as institutions were slowly picking up shares. Institutional players...
Financials Weigh Heavily on the Market as Stocks Notch a Distribution
Back to back days sellers took full advantage of sleeping bulls and knocked down the market. Financials were the leading group on the downside with banks receiving the biggest blow. Outside of financials the selling appeared to be quite tame and orderly. With that...
A Quiet Day on Wall Street as Stocks Consolidate Gains
SIDENOTE: THERE IS A TROPICAL STORM HITTING HAWAII (OAHU, MAUI, KAUAI, MOLOKAI, LANAI, BIG ISLAND) THAT WAS HURRICANE FELICIA AND IT IS ALWAYS POSSIBLE THAT THE RAIN OR WIND WILL KNOCK OUT POWER. IF BY SOME CHANCE POWER IS KNOCKED OUT YOU WILL NOT SEE THE NEW...
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