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Stocks opened sharply higher on Wednesday after the OPEC announcement that Saudi Arabia will cut back on their oil production and that sent the price of oil and energy stocks higher. The Dow benefited most and was up over 100-pooints early on, but the gains faded throughout the day and the Dow closed with a small gain of just 2-points. The results were mixed as the Nasdaq 100 took a bad hit losing over 1%, while the Transports had a solid day gaining 0.43%, and S&P and small caps ...

Stocks opened lower on Tuesday but caught a bid early, and despite a late fade, held onto to modest gains. The Dow added 24-points while the Nasdaq led, but the Nasdaq gave back about 2/3 of its midday gains by the close.

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On queue, stocks pulled back modestly after the pre-Thanksgiving weekend rally. A little profit taking is typical this time of year after what felt like an exaggerated post-election rally, which followed the exaggerated pre-election sell-off. The Dow ended the day down 54-points while we saw slightly larger declines percentage-wise in the broader indices.

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I hope everyone enjoyed their Thanksgiving weekend. I sure did, but after 10 days on the road in four different hotel rooms and a laptop, I am sure glad to be back home with my normal setup. Let's get to it.

It has been quite a run for the stock market since the election and the rally ran right through the strong seasonal period of Thanksgiving week. The Dow picked up another 67-points with much of that coming just before the early close on ...

Stocks continued their climb this week as investors saw this holiday week as another opportunity to put any sidelined money to work with the seasonality bias. This paid off as Friday's action was more than on par with the usual post-Thanksgiving upside that was expected. However, we are now about to enter a week where we tend to see profit taking from the upside action surrounding Thanksgiving. With the action we've seen since the election, this does seem like a likely scenario as some market players ...