If you've been invested in the I or S funds the past couple of trading days, you've picked up some gains. For the C fund, not so much as it's been just barely north of flat. And while flat to positive returns are better than losses, stocks have had to rally back from negative territory two days in a row. Right now, it's a battle between bulls and bears for control of market direction.
At the open stocks fell dramatically, perhaps as a result of a disappointing initial jobless claim
Updated 04-15-2011 at 03:11 AM by coolhand
Support vs. bear flags - Stocks opened sharply higher yesterday, but that was the high of the day as investors were more interested in selling than chasing the gap up. The Dow did close 7-points higher, but the indices were mixed... Market Commentary for 4/14/11 Current Daily Market Commentary
At the opening bell today, it looked as though our market was going to follow the lead of both the Asian and European markets, which rallied moderately today. But the highs of day came very quickly and by the close our major averages were mixed, with the Nasdaq sporting a moderate gain of 0.61%, while the DOW and S&P were relatively flat.
Oil bounced back from a 3% loss yesterday to post a 0.8% gain today and closed trade at $107.11 per barrel.
Earlier in the day retail
Testing the 50 - Stocks dropped again yesterday as buyers were in hiding after the news of Japan's elevated nuclear crisis. The Dow lost 118-points and the charts are starting to show some technical damage... Market Commentary for 4/13/11 Current Daily Market Commentary
In my blog last Tuesday, I talked about the relatively high level of NAMO and NYMO's 6 day EMA and how risk was now evident in the market, but that a decline wasn't necessarily imminent given liquidity levels were high. Now that a week has passed it's obvious liquidity can only do so much and caution was indeed warranted at the time.
It's a bit disconcerting that while oil prices spiked 3.3% lower today, it wasn't enough to entice dip buyers back into the market. Oil prices closed