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Stocks mellowed out this week after soaring straight up the previous week while still adding to June's gains. The second week of the month carried a completely different character than the first; stock prices were traded rather than just bought. This is a pretty healthy move for the market. It allowed market players who caught last week's move to solidify profit while letting those left behind to find an appropriate entrance back into stocks. All was done without wild swings and above the previous ...

Stocks were at their lows of the day yesterday with about 45 minutes left in the trading day, then proceeded to close near the highs of the day. Something triggered a big spike in the last half hour, but I haven't really heard what it was. The Dow gained 102-points on the day, and late buying is usually a sign of smart money, but as you'll see in the information below, you have to scratch your head to figure out who is buying so enthusiastically in this environment?

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Stocks traded in a very tight trading range yesterday with the bears getting a mild victory. The Dow lost 44-points - somewhere in the middle of a narrow 120 point range of its high of +33 and low of -89. Yields slipped back down (bonds up) and that vote of economic weakness took the price of oil and copper down again, while a rally in the dollar weighed on the I-fund.

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Stocks ended the day rather flat in the major indices, but some weakness in the Transports and small caps. But the headline of the day was the reversal off of the morning highs as the Dow lost 14-points and that was 200 points off those morning highs, and the S&P had reached up to 2911 but closed back below 2900 at 2986, but still, it was just a 1-point loss. Maybe not a true Turnaround Tuesday, but the 6-day winning streak in the Dow, and 5-day streak in the S&P 500 did come to an end ...

Stocks picked up a healthy gain on Monday but the action wasn't all that healthy. How is that possible? The indices rallied out of the gate as the emotional Monday morning buying was triggered by the announcement late Friday of the Mexican tariffs being called off. The Dow was up 226 points at the highs but as we neared lunchtime on the east coast, we started to see the selling kick in, and the indices closed at the lows of the day creating a negative reversal on the charts. The Dow did close ...