Stocks End Mixed After A Narrow And Choppy Session; Indexes Hold Up Well After Follow-Through
March 22, 2007 | Leave a Comment
Stocks traded in a narrow and choppy range today, digesting the gains from yesterday’s follow-through. That action was overall very positive considering that there were a couple of news items that could have sent stocks lower. Oil rose $2 to close over $61 and for the third week in a row, jobless numbers came in lower; this time by 316,000. However, stocks held up well, consolidating the gains from yesterday’s follow-through. Read more
Stocks Fall Across The Board On Lower Volume; Nasdaq Finds Support At The 50 DMA
February 13, 2007 | Leave a Comment
For the third straight day, stocks fell, despite a couple of big mergers and acquisitions. Even weakness in oil and natural gas could not help the market make headway. The Saudi Arabia oil minister said OPEC may not implement new production cuts at the next meeting. Oil managed a 3.5% drop on that news and natural gas fell .60 cents, putting pressure on oil stocks. XOM COP HAL and SLB felt the pressure and helped lead the AMEX oil indexes lower by 1%. Read more
Markets Feel The Post-Christmas Joy And Rally; Volume Was Much Lower Than Friday.
December 26, 2006 | 3 Comments
It was up, up, and away for stocks on Tuesday, as the market opened higher and did not look back all day, steadily making advances until the closing bell. The only news out there was holiday retail sales and that bit of bad news did nothing to stop stocks; it just stopped retail and you really can’t call that much by looking at the RLX.
MERRY CHRISTMAS EVERYONE! ! ! ! ! ! ! !
December 22, 2006 | Leave a Comment
On the last trading day before Christmas, stocks continued their recent trend of flat to positive opens that eventually lead to a consistent downtrend until the close. For the fifth day in a row on the Nasdaq and for the fourth out of five days on the SP 500, stocks fell on lower volume. The pullback, today, was blamed on the durable good numbers minus transports falling 1.1%. Talk about cherry-picking your data. Sheesh.
Quadruple Witching Turns Out To Be Quadruple Boring.
December 15, 2006 | Leave a Comment
Stocks closed the week up for the third straight session, with the help of a kind inflation data. The CPI came in unchanged from a month ago and that helped lift stocks higher. But after stocks hit their highs of the day around 11am EST, they basically drifted lower for the rest of the session closing with small gains.
