Friends Stocks were quietly in positive territory for the entire trading session today, as global headlines were somewhat muted. After Friday’s rally, today’s calm advance was a welcome follow up. The S&P still has to do some repairs as the bulls would like to...
Friends It sure looks like the correction that market pundits have been predicting for 3 years now might be upon us (some might say it is overdue and needed). Despite a good weekly jobless claims number, stocks were overwhelmed by weakness abroad and continually...
Friends Stocks drifted aimlessly for most of the trading session as neither the bears nor the bulls seemed interested in making a stand today. After yesterday’s sell-off, the bears looked to have the upper hand as early morning futures showed another potential down...
Friends The bears were back in control again today as stocks suffered sizable losses throughout the trading session. The bulls attempt to rally the troops and add onto yesterday’s gains fell flat despite some good economic news including a great ISM non-manufacturing...
Friends Last week was the worst week for stocks since 2012. Today prices recovered just a bit. With the bulk of the economic calendar behind us, the final busy week of earnings and a bailout for a Portuguese bank, traders got up the nerve to step in and do some buying...
Friends After yesterday’s awful showing, stocks experienced another day of volatile trading. The non-farm payroll number was slightly less than expected with 209,000 new jobs created in July, and this seemed to calm what looked to be a sizable down bias in premarket...
Friends Just a miserable day for stocks. It seems like we haven’t seen a day like this for quite some time (down almost 2% in the major market averages). I don’t believe that straws, like the numerous global concerns and a default of Argentina, are the ones that...
Friends It was a classic case of good news is bad news today (or perhaps a case of just sell the news), as a better than expected 2nd quarter GDP report (at first look, the economy was measured as growing 4% for the quarter) was better than hadbeen expected (the final...
Friends We have a very busy week ahead of us. First of all, we have a plethora of earnings reports to review, as well as a full calendar of economic data. On the economic front, we have a Fed meeting that begins tomorrow and wraps up on Wednesday. In addition to the...
Friends Stocks seemed to be headed for decent gains in the early part of today’s trading session, but the mention of more Russian sanctions sent the averages into negative territory, where they remained throughout the afternoon. Despite the wave of corporate earnings...
Friends Despite a nice Durable Goods Orders report released this morning, stocks were under pressure from the get-go, mainly affected by weak overseas markets before the opening of trading. Amazon’s disappointing earnings (they actually really don’t produce much in...
Friends Stocks were mixed today as earnings from major Dow components were also mixed. Nevertheless, over 70% of the companies that have reported earnings thus far have exceeded analyst’s expectations. Traders continued to keep an eye on news from the Middle East and...
Friends Traders were able to focus on the plethora of corporate earnings reports today (many from the Dow 30), and for the most part liked what they saw. The earnings season is shaping up to be a bit better than many expected, and if it hadn’t been for the horrific...
Friends Market participants seemed preoccupied with global concerns (and who can blame them), and stocks traded in negative territory for the entire session. After a triple digit early decline for the Dow, stocks did rebound some, but volume was extremely light and...
Friends After yesterday’s event driven drop in the stock market, traders seemed inclined to step in and pick up some shares at reduced prices in today’s session. It is very difficult to quantify what yesterday’s global turmoil means to markets, but one thing we know...
