Here is how perverse one’s mind can be-it almost seemed like Monday’s action was positive-after all; it came back from the intraday lows, got above Friday’s lows in the Dowand other indexes, with decent volume. But then, end of day, …
Welcome to pre-Federal Reserve Meeting Week! Monday’s action begins exhibiting characteristics of a split personality. On the one hand there’s the gap higher over fast moving averages with theDow closing up 109 which suggests that Ben and the boys/girls will …
The S&P 500 and NASDAQ closed sharply unchanged. Only the small caps firmed (IWM) but never cleared the high from last week. All in all, today was more digestion than a game changer one way or another although the pros …
After the big drop last week, Thursday and Friday’s action formed what could become a new base or launch pad as I like to say. Plus, the S&P 500 and the Dow had inside days as well. Basically, two possible …
Monday began with a low volume marginal correction in the indexes and a clear rotation into energy and oil plus a short covering rally in gold. The dollar lost some of its recent strength which certainly helped fuel this rotation …
I want to call this a boring, low volume correction, but really, only some of the sectors and groups did some correcting. The indexes except for a smidgeon red in the DIA and Russell 2000, closed green. In bull markets, …
Super low volume digestion day in the indexes after the exciting conclusion to last week may seem like a letdown. The gaps left from Friday in the S&P 500, NASDAQ and the Dow all held up and for further confirmation …
Possible double top in S&P 500 or a launch pad to blast off from? That is the type of hesitancy this bull market has created since the end of February. And, for good reasons. First off is the NASDAQ which …
After last week's emotional bearish dip, we may now be seeing a continuation of this year's bullish trend. Although the week started off choppy and with relatively light volume, all fours indexes held or broke through key points. It seems …
Bloodbath followed by bloodshed. How does one write pithy comments after a day like today? Trying to shake off emotions and the all too familiar trauma having worked in the World Trade Center for so many years and losing many …