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...

Friends Reports of a downed Malaysian airliner near the Ukraine/Russian border sent stocks tumbling midday and throughout the rest of the trading session. A flight to safety ensued with treasury bonds and gold both rallying and the volatility index spiking. The...

Friends Once again, it is still early in earnings season, but traders seem impressed by the early returns, as results for financials and tech companies have been better than expected and the shares of these companies seem to not have been overpriced after all. It’s...

Friends Fed Chair Yellen’s testimony was a bit of a news maker, but traders seemed uninterested as volatility was light and stocks barely moved throughout the session. In her written statement, Ms. Yellen mentioned some frothiness is High Yield Bonds and some of the...

Friends Led by the banks, stocks rallied from the opening bell this morning and stayed in positive territory for the entire trading session. Actually after the initial 100 point plus surge in the Dow, stocks basically flat lined at that level for the rest of the day....

Friends Markets were a little bit calmer today as the bears weren’t able to capitalize on the momentum they had built during the week. Yes, it was the worst week we have seen in a while, but when all is said and done, it could have been worse. By the close, the Dow...

Friends The Fed minutes released today indicated that they will be concluding the quantitative easing program in October. So, yes, the taper should remain on schedule and the punch bowl will finally be taken away. Now, that does not mean that they intend to raise...

Friends If the often predicted correction in stocks is finally upon us, no one told traders today. Stocks had an upward bias from the start despite the fact that President Obama had announced last evening that there would be military air strikes in Iraq. As the...

Friends Today’s action reminds me a little of earlier in the year when the high flying momentum stocks lost some of their luster. We saw these same types of stocks feel the brunt of today’s selling. NASDAQ was down well over 1% for the session while the Dow and the...

Friends After last week’s economic fireworks, we begin to focus on earnings season and how companies are faring in this confusing environment. Remember, there were a whole lot of excuses about bad weather in the first quarter, and that won’t fly in the second quarter....