Following through on Wednesday’s strong closing action, the major averages gapped higher on the open and ran up about 1% before stalling around 10am. The opening strength failed to attract buyers, as stocks drifted...
Read MoreBroad based averages slid lower during the first fifteen minutes of trading yesterday to undercut the prior session’s low. The opening weakness created a little shakeout action, as stocks reversed higher after 10 am and...
Read MoreGetting off to a negative start, the major indices gapped substantially lower on yesterday’s open, then chopped around in a horizontal range throughout the entire session. Stocks finished with significant losses, but the...
Read MoreStocks pushed higher during the first half hour of trading, but that was all the bulls could muster, as broad market averages drifted sideways most of the day before selling off to new intraday lows in the final two hours of...
Read MoreA better-than-expected jobs report prompted stocks to open sharply higher last Friday, but continued intraday indecision and volatility caused the major indices to surrender a significant chunk of their opening gains. Less than...
Read MoreLike the previous day, the S&P 500 surged higher in the morning, briefly penetrating the upper channel resistance of its three-week trading range, but quickly reversed and fell back down. This time, however, stocks sold off...
Read MoreAfter jumping higher out of the starting gate, the S&P 500 briefly moved above the upper channel resistance of its sideways range that has been intact for the past three weeks, but the breakout attempt failed, causing stocks...
Read MoreFollowing through on the previous day’s accumulation, stocks scored a solid round of gains yesterday. The major indices opened sharply higher, trended north throughout most of the day, then pulled back in the final two...
Read MoreStocks followed up last Friday’s substantial losses with a round of modest gains yesterday, though the overall tone of the session was one of indecision. After moving higher in the first hour, the major indices reversed to...
Read MoreBad news out of Dubai over the Thanksgiving holiday caused U.S. stocks to open sharply lower last Friday, but the “buy the dip” traders stepped in, enabling the broad market to finish well above its worst level of...
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