GDP Prints above 3% as Stocks Trade in Tight Daily Range

by | Dec 20, 2012

In a surprise event 3rd quarter GDP printed above 3% above expectations. Unfortunately, the surprise to the upside failed to induce a strong response from the stock market. Initial jobless claims rose to 361,000 for the week a bit higher than expected. But, dominating...

VIX Jumps 10% as Stocks Pullback in Light Trade

by | Dec 19, 2012

Small caps were able to close in the green, but the major indices were unable to hold their early morning gains. At the end of the day there were some fireworks with sellers showing up and pushing the Dow, S&P 500, and the NASDAQ to the lows of the session....

Stocks Power Ahead as Strength Continues

by | Dec 18, 2012 | 2 comments

Once again the market powers ahead in heavier trade indicating higher prices are ahead. Homebuilder sentiment came in as expected hitting 6 year highs, but a potential deal is likely in the Fiscal Cliff saga. All that matters here is we have a ton of stocks breaking...

Strong Price Action Led by Banks Backed by Volume

by | Dec 17, 2012

Today we saw strong action from banks and homebuilders as the Russell 2000 led all major market indices higher. Today was quite a pivotal day with price action and volume coming together. This market still remains without a true follow-through day, but the move today...