All Blog Entries

Big test for the bull market- Stocks didn't exactly rebound yesterday, but they did stop going down, if that is any consolation. The Dow lost 15-points, but the S&P, the Nasdaq, the Dow Transports, and particularly the small caps and international stocks, all closed higher on the day...

Market Commentary for 11/18/10

Current Daily Market Commentary

The market began the trading day looking to bounce back from its recent weakness, but never really got in gear in what was a listless day of activity that kept to a tight range.

There was little in the way of leadership in the broader market and ecomomic data was of little interest to traders. Early this morning the October Consumer Price Index posted an increase of 0.2%, which was a bit lower than estimates, while Core prices remained flat.

Housing starts for October ...

The breakdown- The market indices lost their battle to stay above the 20-day EMA as the breakdown took most of them closer to their 50-day EMAs. The Dow lost 178-points on the day and the losses were pretty broad...

Market Commentary for 11/17/10

Current Daily Market Commentary

Well, the market has numerous negatives to focus on at the moment and today's losses were contributed to a number of factors. First there's Ireland and Greece debt problems, second was a concern that China may be close to issuing a rate hike. Third was talk that Austria would withhold bailout funds for Greece. On top of those headlines and fears is the dollar's continued rise (it tacked on another 0.9% today).

Treasuries managed to bounce however, as the 10-year Note gained a full ...

Still testing the 20-day EMA- Stocks opened higher yesterday, and rallied until about 2 PM ET before reversing course. The Dow hung onto a 9-point gain by the close, while the S&P 500 and Nasdaq closed down for the day...

Market Commentary for 11/16/10

Current Daily Market Commentary