Friends After gaining the higher ground by capturing the 1400 level on the S&P 500, the bulls should be satisfied that we have had a couple very quiet days. As we have mentioned in the past, after having a good meal, taking time to digest that meal is good for you....
Friends It was another slow day of trading today as market participants couldn’t decide whether to buy them or sell them today. After a quick 50 point drop on the opening, stocks worked their way back to even and spent the rest of the day just on either side of that...
Friends Stocks continued to add to their recent gains today, as the bears continue to be frustrated. Remember, the market can always confound the majority of people the majority of the time. Pundits are referring to this as the most unloved advance of all time, and...
Friends After nine Mondays in a row of losses, stocks finally had a decent beginning to the week. Yes, volume was extremely light, but nevertheless with no real news to drive momentum, stocks continued late last week’s rally (although we did give most of the rally...
Friends I like it. From all accounts, we went up today because of “good” news. Now, was the news really that good? Well no. The government non-farm payroll number showed we created 163,000 new jobs in July, which was better than the 100,000 number the street was...
Friends Well it looks like ECB President Mario Draghi might have over promised and under delivered when last week he indicated that the European Central Bank was “all in” and would do “whatever it takes” to preserve the euro, but today delivered little in terms of...
Friends After the Fed release at 1:15 our time, stocks seemed to not be able to figure out which way to go. The Dow alternated between red and green as traders seemed simply exhausted from waiting on central bankers to declare their intentions. As for the FOMC...
