Friends It seemed like after the first hour of trading, market participants headed out for the three day holiday weekend, as stocks basically stood still for the rest of the session. Traders basically dismissed Mr. Putin’s remarks broadcast on CNBC, and both the bulls...

Friends An old saying on Wall Street for trading sessions like today’s trading session is that it wasn’t worth the cost of a clean shirt and cab fare. Very little volume. Very little volatility. Very little overall interest. On the economic front the weekly jobless...

Friends Ladies and gentlemen, we have a market that has no memory on a day to day basis. It looked like the bears had everything going their way yesterday, but here we are today and stocks basically regained everything they lost yesterday. Yes, the Fed minutes came...

Friends Poor earnings reports from several retailers weighed on stocks today, as the market averages spent the day decisively in negative territory. Of course, the winter weather was cited as the main reason behind all the disappointing results, but perhaps market...

Friends Neither the bulls nor the bears seemed very interested in today’s stock market action. Volatility was very low and volume was light as stocks drifted mainly in positive territory for the entire session. The bears thought they might have something going before...

Friends The bulls waited around for most of the trading session to see what the bears’ next move was going to be, but the bears seemed to be content with the disruption they caused on Wednesday and Thursday. Finally, in the last hour of trading, the bulls decided to...

Friends Stocks were battered today following comments from a conference in Las Vegas last night by hedge fund manager David Tepper. Tepper in a Q &A session let the audience know that it might be a good idea not to be fully invested in stocks right now. This is a...

Friends Stocks fell early and often today after the government PPI report indicated that inflation is hotter than possibly the Fed expected. But the most fascinating part of the story is not that stocks fell, but that bond yields also fell (bond prices rising)....

Friends The bulls were able to penetrate the 1900 level on the S&P for a brief moment today, but very little enthusiasm followed and shares quickly fell back toward yesterday’s closing levels. Before the opening, the Retail Sales number for April was soft and...

Friends Stocks got off to a good start for the week, as the lack of any cataclysmic news out of Ukraine (Putin was too busy racking up six goals in a “hockey game”) allowed traders to shop in peace today. Many of the recently beaten down high flying momentum stocks...

Friends It was another listless day of trading (despite market averages dancing near all-time highs), as traders seemed mostly uninterested in participating on either side of the ledger. There was a little bit of volatility, but as we pointed out yesterday, there is...

Friends The stock market these days is like a movie that has a lot of action, but no plot. Once again today we were entertained by wild gyrations, as the Dow reversed an up over 100 point day and plunged into negative territory – only to recover in late trading to eke...

Friends There were a lot of crosscurrents in the markets today. Quality “blue chip” type stocks were being snapped up by traders while at the same time momentum driven “previously high flying” growth stocks were being sold hand over fist. The divergence showed up in...

Friends Sparked by more Russia/Ukraine unrest, and reports that 1st quarter GDP may actually be adjusted negatively (making it a minus number), stocks spent the day in negative territory. Despite Tuesdays being positive most of the time this year, the bears were able...

Friends After a quick sell-off early this morning which saw the Dow down nearly 150 points, stocks (fueled by a better than expected ISM Non-Manufacturing number) rallied to finish the day slightly in positive territory. After the bulls were able to force the averages...