Friends After a couple of down days followed by a couple of up days, Friday’s session was about as quiet a session as we have seen in a long time. Stocks barely moved off the breakeven line all day long, as volatility seemed to just disappear. It’s kind of odd how...
Friends After the week opened with two very similar down days, the last two sessions have been identical to the upside. Once again, we opened trading with a nice 50 point Dow gain and spent the rest of the day meandering along, until building on the gains in the last...
Friends Today was just the opposite of the last two days. Stocks got off to a good start and basically held the gains for the entire session. After yesterday afternoon’s decent earnings release by Alcoa, traders seemed to be in a little better frame of mind. I suspect...
Friends Today was somewhat a repeat of yesterday, as stocks fell early (nearly 90 Dow points), then spent the rest of the day trying to pare some of the losses. Once again, it seems that traders are simply not interested in buying at the moment. It’s not so much that...
Friends Markets were somewhat quiet on Monday, as there was an early downward bias in the stock market. Traders seemed to want to give back Friday’s gains right from the start, and within a few minutes, stocks were trading with losses of more than 80 points on the...
Friends With the non-farm payroll number coming in right on the expected number, traders got back in the buying mood during today’s session sending stock prices to highs we have not seen for some time. As we mentioned, yesterday’s pause was refreshing, and traders...
Friends After yesterday’s frenzied rally stocks took a breather today, as traders seemed to be wanting to simply catch their breath. The afternoon had a downward bias after the release of the Fed minutes indicated that some of the Fed Governors where suggesting that...
Friends Well, Congress and The White House finally agreed to a solution that solves the fiscal cliff by raising revenues on the rich (hey they don’t need the money anyway) and slashing spending on social programs which will help us finally achieve a balanced budget....
Friends The last trading day of the year is typically pretty dull. Not today. As rumors and reports of a “fiscal cliff” deal bombarded traders, stocks gyrated back and forth in wild fashion. As of this writing, it looks like some sort of deal has been agreed to, and...
Friends All eyes are on the White House as we wait for word on the “fiscal cliff” summit meeting that the President called for this afternoon. The most likely scenario is that some sort of very short-term band aid will be hashed out, leaving both sides their leverage...
Friends As expected, the day after Christmas trading was light and the markets were mostly quiet other than a little spike in oil prices. Stocks simply meandered mostly in negative territory for the day, as there was nothing new for traders to chew on with regards to...
Friends After last night’s embarrassment for Speaker Boehner, stocks sold off today as traders are becoming less convinced that a “fiscal cliff” deal is soon to be had. No, the Speaker could not even garner the votes for his “plan b” from his own troops. As I...
Friends More political wrangling, as the dueling press conferences continue. If it hadn’t already, it is now becoming comical. When all was said and done, traders decided to buy a little bit of yesterday’s dip and stocks staged a modest rally. It seems that market...
Friends Dueling press conferences cast a negative pall on the markets today, as after being encouraged that the “fiscal cliff” talks were going well, traders today showed concern that the talks may not be going quite so well. For the day, the Dow Jones Industrial...
Friends It seems as if the bulls are borrowing from the “fiscal cliff” deal announcement rally, as stocks continue higher despite no real evidence that a deal is imminent. Traders seem convinced that something is going to get settled before Christmas, and the bears...
