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It was a choppy trading day to start the new week, but the upward bias was still in evidence as stocks began the session lower and chopped their way modestly higher before some late selling pressure ended the trading day in mixed fashion.

The dollar reversed its recent decline and ended the day down about 0.3%. The pressure was attributed to Fed Chairman Bernanke's weekend interview where he stated the Fed might consider further stimulus if necessary.

I suppose the ...

Is this Bull past its prime?

This is a 2-day chart of T2117, it covers stocks traded on the NYSE and calculates new highs for the last 52 weeks, then divides by new highs & new lows. I've added a 50 SMA to show the direction this indicator is headed. With the 50 SMA we can see a divergence because prices are currently at the same levels as last April yet this indicator is clearly not. We can also see that since the April peak, volatility has been creeping back in, and this ...

Looking for a breakout- Stocks opened lower on Friday, after a much weaker than expected November employment report. Things then drifted sideways for most of the day but a late rally took the indices into positive territory, and by the close the Dow was up 20-points...

Market Commentary for 12/06/10

Current Daily Market Commentary

Our sentiment survey remains on a buy and the tracker charts confirm an upwardly bullish bias. Here's the charts:




Not much has changed. Very little bond exposure, and the S fund continues to be the fund of choice.




Bit of a rise in stock exposure for this week, but still plenty of cash on the sidelines.

Technically, the ...

Stocks seem to want to go higher

After starting the week with some negative action, stocks rebounded strongly on Wednesday with the help of a positive ADP weekly employment report. The rally continued on Thursday and ironically, after a much weaker than expected November monthly jobs report, the market moved up again on Friday. It seems as if the market is just looking for any reason to move higher, despite the many warning signs that we see around us.

For the TSP, all ...