All Blog Entries

Stocks were mixed for the shortened light volume trading week. Early selling Monday was a response to the new strain of the corona virus in England that threatens the economic recovery. Dip buyers driven by optimism for 2021came in quickly to erase the majority of the early losses. From Tuesday on the price action was in relatively tight range to finish the week. This was impressive in itself after President Trump sent the covid aid stimulus bill, that finally made its way through congress, back ...

Stocks were sailing along for most of the day on Wednesday, but a very late headline reversed things, at least in some of the indices. The Dow gained 114-points, well below the +277 it had earlier in the day, and most of the downdraft happened in the final 10 minutes of trading, after President Trump vetoed the defense spending bill. That wasn't the stimulus deal sp perhaps investors overreacted?

...

Stocks were mixed again on Tuesday, making fund picking interesting for us TSP'ers. The Dow fell 201-points, the S&P 500 was down, as were the Transports and the I-fund, but the Nasdaq rallied, and once again the small caps showed the others up by rallying 1% on the day. The dollar was up again and that may be causing the divergences.

...

The traditional Santa Claus rally week got off to a rough start with another emotional Monday morning gap after investors panicked over a new strain of the coronavirus being spread in Europe. I don't know much about that virus, but I do see that investors were buying the early deep losses, and while we didn't see much green by the close, most of the indices closed well off the morning's carnage lows, and the gaps were filled. The Dow was one of the green indices gaining 37-points, as Nike and ...

Originally Posted by coolhand

The bears made an attempt to take the market down today, but it was quickly countered by the bulls. Price bottomed after the 1st hour and recovered to close mixed on the day.




There isn't anything particularly notable on the charts today. Volume was actually average given the holiday week. Normally, I'd expect less volume. Momentum is still negative on the S&P, but price remains not far from the peak.

...