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An Abrupt Rally Failure?

Daily State of the Markets Tuesday Morning – June 22, 2010   If you had been out on the golf course yesterday and hadn’t seen the intraday action, you might be tempted to wave off a drop of 8 points on the...

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Nobody Minds

Daily State of the Markets Friday Morning – June 18, 2010   Stocks spent the vast majority of Thursday’s session looking for direction as traders attempted to digest the contradictory news flow. But then,...

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Seeing Both Sides Now?

Daily State of the Markets Thursday Morning – June 17, 2010   Traders apparently busied themselves with both sides of the argument during Wednesday’s session as the bulls and bears finished in a draw....

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Testing Their Conviction

Daily State of the Markets Wednesday Morning – June 16, 2010   Those that know me are aware that I’ve long held the belief that the 200-day moving average is a relatively silly indicator. To be sure, there...

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It’s Back

Daily State of the Markets Tuesday Morning – June 15, 2010   After a brief hiatus, during which time the bulls managed to pull themselves up off of the mat and push the Dow higher by about 400 points, the daily...

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Is Something Missing?

Daily State of the Markets Monday Morning – June 14, 2010   There appeared to be something missing on Friday. Something that allowed traders to focus on the bright side for a change, even if just for a few...

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Where To From Here?

It is said that the stock market likes to climb a wall of worry. If that’s the case, this market is likely to head higher – and soon – because if there is one thing for certain these days it is that there is an...

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Will It Stick?

Daily State of the Markets Friday Morning – June 11, 2010   Perhaps the third time will indeed be the charm. Everybody knows that after a significant decline, stocks tend to experience a rebound. And it is during...

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