Stalling - Stocks were flat again yesterday with minor gains or losses in the various indices. The Dow lost 6-points, the S&P 500 was flat, and the Nasdaq saw a slight gain... Market Commentary for 4/06/11 Current Daily Market Commentary
The market began the trading day modestly lower, but managed to find a bottom shortly after the first half hour of trading. From there it chopped higher until early afternoon before chopping lower in the close. Overall, it was a mixed day with the major indexes closing relatively flat.
It was another light day for market data, but we did see ISM Services for March drop to 57.3 from its previous reading 59.7 in February.
Afternoon trade was influenced to some extent
Updated 04-06-2011 at 05:41 AM by coolhand
Mostly flat - Stocks were flat to mixed yesterday as they took a needed rest after last week's rally and actually nearly 3-weeks of rallying. The Dow gained 23-points on the day while the S&P 500 was up less than 1-point, and the Nasdaq was down less than 1-point Market Commentary for 4/05/11 Current Daily Market Commentary
Choppy trade in a relatively tight range defined today's market action. There was little data to help drive prices either way. I think the only notable data point was that oil climbed to a new two-year closing high of $108.47 per barrel.
I'm having trouble downloading charts this evening so I'm going to fore go posting them this time, but they couldn't have changed much based on today's action, which means the seven sentinels remained in a buy condition.
So the broader
Gap to fill - Stocks were up after the better than expected jobs on Friday. The indices gapped open higher, rallied for about an hour, plateaued for several more hours, but ran out of steam later in the afternoon. Despite losing half its gains, the Dow closed up 57-points... Market Commentary for 4/04/11 Current Daily Market Commentary
Updated 04-04-2011 at 10:29 PM by tsptalk