Directionless Week So Far

Directionless Week So Far

Friends The bulls got back involved today, as stocks rallied for the first time this week. Once again, other than iPhones, Apple Watches and Apple payments, there hasn’t been much to get the juices flowing this week for traders. Somewhat directionless trading seems to...

read more
Directionless Week So Far

While Apple Unveils, Stocks Fizzle

Friends While Apple was grabbing all the attention by rolling out new iPhones and watches today, stocks were busy selling off across the board. The mood has been sour so far this week as the bulls seem to have run out of reasons to buy. For the day, the Dow Jones...

read more
Directionless Week So Far

No Catalyst Leaves Stocks Adrift

Friends, Stocks meandered in negative territory for most of Monday’s trading session, with no real catalyst for traders to act on. After all of last week’s economic data, this week will be much less interesting with Thursday’s weekly jobless claims and Friday’s retail...

read more
Directionless Week So Far

Jobs Number Disappoints But Stocks Still Rally

Friends Ok, so today’s jobs number was a bit of a disappointment. The “experts” were expecting a gain of about 230,000 new jobs for August, but unfortunately only 142,000 new jobs were created. Now, it’s not the end of the world, and the “silver lining” crowd can...

read more
Directionless Week So Far

Draghi Delivers But Stocks Sputter

Friends Stocks rallied early as markets reacted to Mr. Draghi and the ECB cutting rates and announcing the beginning of purchases of asset backed securities (not officially QE say the “experts” but…). Unfortunately for the bulls, stocks gave up all of their gains and...

read more
Directionless Week So Far

Stocks Give Up Early Gains

Friends Word of a truce between Russia and Ukraine had the bulls feeling a bit frisky at the opening, but the feeling didn’t last for long. Despite more positive economic data (strong Factory Orders, etc.), stocks gave up their early gains and drifted aimlessly as the...

read more
Directionless Week So Far

September Gets Off To Slow Start

Friends The bears came back from the Labor Day weekend ready to go. The bulls, not so much. After a very nice gain for stocks in the month of August, share prices were weak from the beginning of trading this morning, but did recover some as the afternoon wore on. By...

read more

Archives