Friends Hand wringing over the release of the minutes from the Federal Open Market Committee meeting kept stocks quiet and within a tight trading range most of the morning. Once the minutes were released at 1:00 our time, volatility did pick up a little, but the...
Friends Stocks had an upward bias right from the beginning of trading and were able to hold on to most of their gains as the trading session wore on. Not much to report on the economic front, but earnings season does begin after the close, with Alcoa’s release. For...
Friends Today sure felt like a Monday. Anyway, on the Friday after the 4thof July, traders waited for the all-important government non-farm payroll data and it was worth the wait. After a decent private sector ADP report on Wednesday, today’s number came in at a very...
Friends There was a lot going on for a half day of trading. On the economic front, the ADP private sector job number came in at 188,000 new jobs having been created last month which would indicate that Friday’s non-farm payroll number should come in at about 175,000...
Friends Stocks endured another roller coaster type day as a solid upward opening faded away to a steady decline as the session wore on. After being up more than 70 Dow points in early trading, traders worried by the pictures coming out of Egypt sold the Dow down 100...
Friends With this being a shortened holiday week, we might expect that trading will be light, but as the new quarter began it looked like we would continue our string of triple digit moves, as the Dow was sporting a nifty 174 point gain early in the trading session....
