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Daily Market Commentary

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  1. Choppy but fairly flat close for the large caps

    Stocks ended the day with slight to moderate gains depending where you looked. The Comey testimony turned out to be basically a non-event as far as the market goes. There were some intraday swings on the Dow which was up about 90-points at the highs and down points 35-points at the lows, but the battle was a stalemate and at the end of the day the Dow was up 9-points and the S&P was up less than 1. The Nasdaq on the other hand, saw
  2. Quiet action before Comey testimony

    It was another slow, low volume day with the bulls and bears ping ponging between a small loss and small gains. The Dow ended the day up 37-points. Oil was hit hard again and that helped the Transportation Index, which is a market leader, but it puts a bit of a drag on the other indies.

  3. Weak open, weak close, modest losses

    Stocks opened lower on Tuesday, attempted a few midday rallies, but a late push lower sent the indices closer to the opening lows of the day. The Dow lost 48-points on the day and the losses were modest with the majors dipping 0.01% to 0.03%, but it was the way the day played out that was more concerning than the actual losses.

  4. A day of rest after new highs last week

    Stocks took a needed rest after two big positive days to end the week last week. Rallying on the
  5. Stocks coming off week of new highs

    Stocks rallied strongly again on Friday despite a jobs report that came up well short of expectations.
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