Institutional Surge Sparks End of Day Rally
November 30, 2009 | Comments Off
Friday’s shortened session provided fireworks, but Monday’s morning session showed traders were hung-over from the festivities. It appeared institutions were simply stepping aside during the morning as traders were dumping holdings from Friday’s move. Another low volume boring day in the markets until 3 o’clock rolled around. After 3pm it appeared institutions began to accumulate [...]
Institutional Surge Sparks End of Day Rally
The Pullback Is Just That, For Now; Wait For Lower Lows And Lower Highs And Volume
November 29, 2009 | Leave a Comment
A lot of people sure are tripping-out over FRI’s session. However, I can’t stress enough that all major selloffs start after already having a series of lower highs and lower lows. If you do not believe me you can go check your own charts of every market decline starting back since 125 years ago. Those [...]
The Pullback Is Just That, For Now; Wait For Lower Lows And Lower Highs And Volume
The Pullback Is Just That, For Now; Wait For Lower Lows And Lower Highs And Volume
November 28, 2009 | Comments Off
A lot of people sure are tripping-out over FRI’s session. However, I can’t stress enough that all major selloffs start after already having a series of lower highs and lower lows. If you do not believe me you can go check your own charts of every market decline starting back since 125 years ago. Those [...]
The Pullback Is Just That, For Now; Wait For Lower Lows And Lower Highs And Volume
Economic Data Dominates Morning Trade as Stocks Close Lower
November 25, 2009 | Leave a Comment
Wall Street was able to withstand the onslaught of economic data to finish near the highs of the day. GDP revision to the downside was not a surprise as many expected the revision to come in at 2.8%, but the story was how 2.8% achieve. With consumer spending down .5% it was mostly government borrowing [...]
Economic Data Dominates Morning Trade as Stocks Close Lower
Economic Data Dominates Morning Trade as Stocks Close Lower
November 24, 2009 | Comments Off
Wall Street was able to withstand the onslaught of economic data to finish near the highs of the day. GDP revision to the downside was not a surprise as many expected the revision to come in at 2.8%, but the story was how 2.8% achieve. With consumer spending down .5% it was mostly government borrowing [...]
Economic Data Dominates Morning Trade as Stocks Close Lower
Light Volume Persists as Stocks Get a Kick from the Dollar
November 24, 2009 | Leave a Comment
Traders lifted stocks on Monday after the dollar reversed course as volume slid on the day. Over the weekend the vote to allow hearings on the proposed healthcare bill had sellers hitting the dollar giving a boost to stocks. First hour of trading stocks enjoyed a boost from the dollar and a jump in existing [...]
Light Volume Persists as Stocks Get a Kick from the Dollar
Light Volume Persists as Stocks Get a Kick from the Dollar
November 23, 2009 | Comments Off
Traders lifted stocks on Monday after the dollar reversed course as volume slid on the day. Over the weekend the vote to allow hearings on the proposed healthcare bill had sellers hitting the dollar giving a boost to stocks. First hour of trading stocks enjoyed a boost from the dollar and a jump in existing [...]
Light Volume Persists as Stocks Get a Kick from the Dollar
Selling Takes Over Wall Street As The Dollar Gets Support
November 20, 2009 | Leave a Comment
The day before options expiry traders took to selling as volume rose across the board. NYSE volume was still below average, but the NASDAQ finished near its 50dma. We continue to see stocks fixated on the US Dollar as every move creates a ripple effect in stocks. The market did receive support at the end [...]
Selling Takes Over Wall Street As The Dollar Gets Support
Selling Takes Over Wall Street As The Dollar Gets Support
November 19, 2009 | Comments Off
The day before options expiry traders took to selling as volume rose across the board. NYSE volume was still below average, but the NASDAQ finished near its 50dma. We continue to see stocks fixated on the US Dollar as every move creates a ripple effect in stocks. The market did receive support at the end [...]
Selling Takes Over Wall Street As The Dollar Gets Support
November 18, 2009 | Comments Off
For the 2nd straight close the S&P 500 has finished within 10 basis points a show of strength. That strength reared its head during the last 30 minutes of trading allowing the S&P 500 to escape a distribution day. The NASDAQ was not so lucky as it notched a distribution day, but its impact wasn’t [...]
