Intel earnings - Stocks bounced back yesterday after Monday's big sell-off. The Dow gained 65-points and after the bell we saw some decent earnings from a couple of big tech stocks... Market Commentary for 4/20/11 Current Daily Market Commentary
It was a listless day of trading, and after yesterday's hard sell-off a bounce was probable. And we got one as the major averages managed to chop their way higher by the close of trade. But it wasn't an impressive performance by the bulls as gains were relatively modest across the board.
The latter part of April does tend to be weak after tax season expires. And I suspect there are investors and traders who may be looking to front-run the "go away in May" crowd too. Especially given
My, how one day can change things - Standard & Poor's cut its outlook on US government debt to negative from stable on Monday morning, and that sent stocks reeling at the open. The bad news is, the Dow lost 140-points. The good news is, it closed 108-points off its intraday low... Market Commentary for 4/19/11 Current Daily Market Commentary
Just when the charts were starting to recover from their lows a few trading days ago, a post OPEX decline hits the markets as a result of more headline shock.
Specifically, weakness overseas set the initial tone over continued concerns centering on debt restructuring for Greece, Ireland, and Portugal. Then, on the domestic front, news that analysts at S&P lowered their outlook on U.S. debt to Negative hit the wires. The U.S kept their AAA rating, but the shot over the bow rattled
The charts look bullish - Stocks rallied on Friday completing a week that saw a successful test of the 50-day moving average on many indices. The Dow gained 57-points on Friday, but lost 38-points for the week... Market Commentary for 4/18/11 Current Daily Market Commentary