The Monday morning vigor continued today but, after only a few minutes it quickly disappeared and we trended lower into the close. The market continues to give us no real indicator of a clear direction however, if you are...
Read MoreThursday was another rough day in the markets as we continued the sell off. The bulls managed a bounce but we could not break the resistance at the 50-day simple moving average of 1087. The good news is we tested the 1087...
Read MoreTuesday was a day that started off with a gap-down, due partially to China showing weakness and ending with all eyes on the outcome of the Fed’s meeting. The bulls were looking for signs that the Fed was going to...
Read MoreMonday was yet another reminder of last year’s low volume rallies. We ended today with the lowest volume of the year. It seems volume has continued to decrease over the past few weeks and some of it may be very...
Read MoreHigher-than-expected weekly unemployment claims was the main headline for Thursday, which ended as the lowest volume trading day of the year. We had a gap-down this morning that slightly intensified. Soon thereafter,...
Read MoreWe started the day off with a small gap-down and market breadth of about 3 to 1 negative. The bears had an opportunity to gain some ground as the small-caps underperformed once again. Instead, we saw the bulls fight...
Read MoreIf you look solely at the markets through technical analysis, you can make a pretty solid argument that we are only seeing healthy consolidation before a further move north. The low volume plus relatively short trading...
Read MoreAn uneventful day of consolidation was the main theme for Tuesday. We had a quick morning move up before selling took place and we moved sideways the rest of the day. The good news is we managed to stay above the...
Read MoreOn a day of mostly sideways action with the bulls and bears struggling to gain control, Bernanke happened. Ben Bernanke gave his hawkish viewpoint on the economy, which was met with a solid hour of selling before a very...
Read MoreWe had another green day in the markets today. Technically, the S&P 500 closed slightly red, but the last minute surge put the the Dow Jones and Nasdaq in the green. After dropping at the open, we worked our way...
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