The Market Fights off the Chinese Sell-Off as Volume Surges into the Close
August 31, 2009 | Comments Off
While many on Wall Street were asleep the Chinese markets were selling off and selling off hard. The Shanghai shed more than 6% by the close; volume was lower but with such a nasty decline it continues to spell trouble for the index. Once again the ripple affects were seen throughout the global markets. As [...]
The Market Fights off the Chinese Sell-Off as Volume Surges into the Close
Stock Investors Enjoy A Slow Week As Indexes Refuse To Give Up Ground
August 30, 2009 | Comments Off
It has been a very busy weekend of surf and visiting friends so I am running behind on a lot of my activities that I normally have fully up before Monday. However, due to the great surf on our north shores after a summer of lame surf on our south shores again, I decided to [...]
Stock Investors Enjoy A Slow Week As Indexes Refuse To Give Up Ground
Buyers Swoop in After Stocks Get Slammed
August 27, 2009 | Comments Off
A positive GDP report didn’t stop sellers from hammering stocks from the opening bell. During the selling volume actually decreased showing the selling was weakening. In addition, the market was able to creap into an extreme oversold reading on the McClellan Oscilator. More importantly volume was unable to pick up during the selling signalling big [...]
Buyers Swoop in After Stocks Get Slammed
Stocks End Flat After Yo-Yo Session; Volume Mixed
August 26, 2009 | Comments Off
Once again we washed, rinsed, and repeated Monday’s and Tuesday’s action with the only exception was the market was able to close above its mid-point. A positive durable goods number coupled with a positive new home sales number stocks had fuel to continue to move higher. But, like the prior two days sellers took over [...]
Stocks End Flat After Yo-Yo Session; Volume Mixed
For the Second Day in a Row Stocks Stall
August 25, 2009 | Comments Off
A positive Case-Shiller Housing report and a boost in consumer confidence lifted stocks in early trading. Volume swelled as buyers stepped up and accumulated shares, but it wasn’t long before buyers simply stepped aside. Sellers took over, but as they took over volume began to slow significantly. Traders may have been looking ahead to more [...]
For the Second Day in a Row Stocks Stall
Intraday Rally Fizzles as Volume Slides
August 24, 2009 | Comments Off
Sellers were able to gain the upper had as stocks rallied was quickly sold off on Monday. Neverousness in front of Tuesday’s onslaught of economic reports had bulls taking a back seat. Tuesday’s economic reports feature numbers from Case-Shiller, Consumer Confidence, and Consumer confidence. Fear over the housing market continues to run rampent throughout Wall [...]
Intraday Rally Fizzles as Volume Slides
Stock Indexes Put In An Impressive Option Expiration Session
August 23, 2009 | Comments Off
Stock indexes put in one impressive session on stronger volume. However, as everyone already knows that volume was skewed higher by options expiration. The good news is that unlike in some months where I have seen some ridiculous price/volume action, I did not see as much this time. This gives me a little bit more [...]
Stock Indexes Put In An Impressive Option Expiration Session
Factory Index Gives a Boost to Stocks
August 20, 2009 | Comments Off
Just no quit in this market, stocks rose for the third straight day as positive news from the Philadelphia Fed Factor Index rose unexpectedly. In other economic news jobless claims rose as well giving some concern a recovery jobs has yet to materlize. The 3+ million jobs President Obama promised with the stimulus has netted [...]
Factory Index Gives a Boost to Stocks
Turnover Ends Mixed as Stocks Close Near the Highs with Gains
August 19, 2009 | Comments Off
The morning gap lower open was quickly met by buyers as stocks were lifted off of their lows. Volume throughout the morning was running higher than Tuesday, more noticeably on the NASDAQ than NYSE. However, the buy action slowed as volume tapered off on both exchanges, but it was the NYSE that slipped below Tuesday’s [...]
Turnover Ends Mixed as Stocks Close Near the Highs with Gains
Stocks Recover from Monday’s Global Sell-Off as Volume Lags
August 18, 2009 | Comments Off
Lacking any inspiration stocks moved higher on very light trade suggesting buying interest is simply too weak. Recovering from a steap price decline where many leaders were shaken hard it really shouldn’t have come as a surprise that a lift in stock prices came on very light. Stocks were helped by a drop in Producer [...]
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