Friends I hope all the mothers out there had a great Mother’s Day weekend. As for today’s markets, well there really is not that much to talk about. Stocks were mixed for the entire trading session, seesawing between positive and negative territory. After Friday’s...

Friends Before we talk about what stocks did in the aftermath of today’s jobs report, let’s first go over the report. 160,000 new jobs were created in April as measured by the government, which was quite a bit less than most analysts had expected. The unemployment...

Friends Stocks drifted without much conviction today as traders seem to be waiting and focused on tomorrow’s jobs report. The bulls tried to rally the troops at the opening, but those modest gains evaporated by late morning, and as mentioned, the rest of the session...

Friends Stocks were looking to open lower this morning before the release of the ADP private payroll number, so the soft ADP number didn’t help the situation any. We already know that consumer spending has been soft, now we get a soft employment number to add to the...

Friends Well, so much for that good start to May. After yesterday’s decent rally, stocks sold off early and often today as small rallies were met with persistent selling pressure. Weakness in China and the thought that the dollar may have bottomed short term seemed to...

Friends April didn’t exactly end well, but May got off to a pretty good start today. After a quiet start, stocks climbed into positive territory and by the close the Dow had tacked on a triple digit gain. It’s another busy week on the earnings front and being the...

Friends Up until this week, the bulls had a nice April going as the rally from late February into March had extended into the new quarter, but seemed to run out of gas as poor corporate earnings and weak economic data appeared to finally break their spirit. Of course,...

Friends Bank of Japan doesn’t deliver! Earnings season continues to underwhelm! First quarter GDP shows little growth! Carl Icahn sells his Apple shares and warns markets could fall! Any or all of these could be today’s headlines, and any or all of them caused stocks...

Friends I’m back, so let’s dig right in. Today was Fed Statement day after yesterday and today’s 2-day meeting, and as expected there was no raising of interest rates and the statement in whole was very much like the March statement- mainly dovish in tone. Could there...

Friends Stocks took a breather today after several days of gains, and it would seem to be an appropriate time and place for a pause. Stocks were back to looking a bit stretched, given the somewhat bleak level of earnings that corporate America has been delivering....

Friends After a quiet opening for stocks, a spike in oil prices and bond yields seemed to encourage the bulls to get back in the buying mood which led to a triple digit gain in the Dow early in the last hour of trading. But in the last half hour of trading, the bulls...

Friends Stocks rallied at the open despite dismal earnings reports from the likes of IBM, Goldman Sachs and Netflix, but the bulls seemed a bit weary as the trading session moved into midday. But in the afternoon, the bulls got a second wind and stock prices moved...

Friends The much ballyhooed meeting of oil producing nations in Doha, Qatar ended just as we suspected- with no agreement. Oil prices fell overnight, but recovered a good portion of those losses during today’s trading session. Likewise, stocks sold off at the opening...

Friends Stocks seemed to take the lead from oil this afternoon as both lost some ground as the trading session wore on, but the losses were modest. The meeting of oil producers this weekend in Doha, Qatar had oil traders in a frenzy and many decided that taking a few...