Correction Deepens As Sellers Step Up Knocking Over Bulls

January 30, 2010 | Leave a Comment

The market received another jolt of selling as traders dumped stock. President Obama’s State of the Union address failed to inspire Wall Street to push stock prices higher. Even with the Federal Reserve holding steady with its game plan Wall Street simply wasn’t impressed with Obama’s vision for this year. Volume was mixed as the [...]
Correction Deepens As Sellers Step Up Knocking Over Bulls

Posted by Joshua Hayes | Filed Under Market Commentary

FOMC Rate Decisions Sparks Buyers as Volume Rises

January 30, 2010 | Leave a Comment

The correction didn’t end today, but buyers stepped up with volume behind them. Stocks set a new low for the current correction after New Home sales unexpectedly slowed in December. Selling pressure slowed as traders began positioning themselves for the FOMC rate decision. The market appeared to have support at these levels NASDAQ 2200 and [...]
FOMC Rate Decisions Sparks Buyers as Volume Rises

Posted by Joshua Hayes | Filed Under Market Commentary

Stocks Fail to Hold Gains as Volume Increases

January 30, 2010 | Leave a Comment

Sellers took over in the last hour sending the major indexes near the lows at the close. When you have a market in correction late day sell-offs are not unusual, but expected. Volume was higher on the day indicating institutions were willing to dump stock at lower prices. It is clear the trend is down [...]
Stocks Fail to Hold Gains as Volume Increases

Posted by Joshua Hayes | Filed Under Market Commentary

The Market Rebounds after Last Week’s Decline

January 30, 2010 | Leave a Comment

Stocks relieve oversold conditions by ending the day higher on lower volume. Financials gave the S&P 500 a boost, but volume lagged. The lack of volume is something we’ve seen with this market after it has suffered bouts of intense selling. Like the S&P 500 the NASDAQ was higher with lower volume. On the NASDAQ [...]
The Market Rebounds after Last Week’s Decline

Posted by Joshua Hayes | Filed Under Market Commentary

A Conversation About The Market With A Young Trader In My Chat Room

January 30, 2010 | Leave a Comment

[18:38:15] mstahr has entered the room “BWT Lobby”
[18:38:29] mstahr: anybody in?
[19:04:07] JoshuaHayes: hello
[19:04:14] JoshuaHayes: just got back from surfing Honolua Bay and now watching football
[19:04:16] JoshuaHayes: and making the video
[19:06:01] mstahr: yo JH
[19:07:34] mstahr: i’ve decided to stop reading most blogs
[19:07:48] mstahr: its unbelievable what most are like
[19:07:50] JoshuaHayes: nice buddy
[19:07:55] JoshuaHayes: those charts are [...]
A Conversation About The Market With A Young Trader In My Chat Room

Posted by Joshua Hayes | Filed Under Market Commentary

Stocks Take Another Shot from Sellers as Volume Soars

January 30, 2010 | Leave a Comment

Sellers weren’t complacent today selling stocks on massive volume. The NASDAQ had heavy volume from the get-go, but buyers stepped up in the morning. It wasn’t long before things turned sour and sellers took over pushing stocks lower. Back to back distribution days for the market is not something we should take lightly and especially [...]
Stocks Take Another Shot from Sellers as Volume Soars

Posted by Joshua Hayes | Filed Under Market Commentary

US Dollar Soars Knocking Stocks Lower

January 30, 2010 | Leave a Comment

First things first, back by popular demand is our Holiday Special pricing for the Platinum and Gold memberships. Check it out here.

Sellers took over the market as the dollar rose, but once again support came to the rescue. However, the damage can be seen throughout many stocks, but not all. Another distribution day gets added [...]
US Dollar Soars Knocking Stocks Lower

Posted by Joshua Hayes | Filed Under Market Commentary

Uptrend Continues as Stocks Rise

January 30, 2010 | Leave a Comment

Stocks shook off Friday’s sell off reversing course and closing near the highs of the day. Perhaps the perceived victory by Scott Brown in Massachusetts help drive Healthcare stocks higher. Regardless of the reason, stocks drove higher. Volume was lower after a quadruple witching Friday. The bottom line is the market was able to shrug [...]
Uptrend Continues as Stocks Rise

Posted by Joshua Hayes | Filed Under Market Commentary

Uptrend Continues to Defy All Odds with Large Cap Tech Leading the Way

January 30, 2010 | Leave a Comment

Another day and another day where stock prices finish off in the green. Volume slid on the day as many on Wall Street pulled back from Wednesday’s euphoric action. The Alcoa earnings miss has all but been forgotten as stocks have moved past the disappointment. This uptrend certainly has legs and looks to break into [...]
Uptrend Continues to Defy All Odds with Large Cap Tech Leading the Way

Posted by Joshua Hayes | Filed Under Market Commentary

A Wave of Support Rolls in Lifting Stocks

January 30, 2010 | Leave a Comment

The stock market put in a beautiful bounce off support levels showing this uptrend still has legs left. Our uptrend remains and we continue to find impressive longs.

Rather than talk about the NASDAQ let’s take a look at a chart:

Options expiry on Friday may be the culprit for elevated volume this week, but if we [...]
A Wave of Support Rolls in Lifting Stocks

Posted by Joshua Hayes | Filed Under Market Commentary