If you put flowers in your hair today thinking all is good in the world again, they most likely wilted by the end of the day. Yes, the Dow closed over 14,000 but the indexes failed to hold Wednesday highs …
Ok, so make that a line from Mamas and the Papas: "Monday, Monday; Can't Trust That Day!" The Dow is back over 14,000 and even Ben Bernanke admits that higher rates is GOOD for the US economy-something this armchair economist …
Market recovered more than ½ of Monday's losses and several instruments tested and held the 50 DMA. However, only DIA of the four indexes were able to cross back over their floor trader midpoint which makes today encouraging yet indecisive. …
Lesson learned is to respect brick walls, especially when they happen in the Russell 2000-small caps or the index that led the whole way up. Another lesson is in following the flight to quality in interest rates. They dropped significantly …
From last Thursday's comments: "Equally prepare for a run back to 14,000 or another round of selling ahead of the weekend. A correction in a bull phase is that unpredictable." And so you have it. The Dow went out at …
S&P 500 followed through after the brick wall highs Wednesday, never really enjoying an intraday rally and closing in the middle of the intraday range. NASDAQ tested and traded around the 50 DMA. The DOW tested Wednesday's low then retreated …
Well, rip your face off alright, only now market looks more like Phantom of the Opera! Even though the FED in division is no real surprise as they could not support low rates forever and, the dollar firming has spooked …
Is there a more creative way to say drift and grind? That is the theme from last week. At the end of the day, S&P 500 and NASDAQ went sideways, Russells firmed a bit and the DOW lagged. The indexes …
Yet another quiet session punctuated with some very robust moves in the oil services and energy sectors. S&P 500 continues its drift down, grind up action. Russell 2000 continues its grind to new highs. The Dow continues its sideways bounce …
Quiet session with divergence as all but the DOW close green and only marginally at that. S&P did not close in the bottom 25% of the intraday range after making new highs; nor did NASDAQ or the Russells. In fact, …