Stocks Close Flat after Whippy Session

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Posted on July 30, 2014 at 7:39 pm
Well, Fed Day has come and gone, and it was a whippy 6.5 hours between the bells. Weak closes ahead of the FOMC tend to be followed by a gap higher the next morning, and that’s exactly what we got today, with a strong initial reading on GDP helping...

Pattern Reverses – Stocks Close at Session Lows

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Posted on July 29, 2014 at 7:46 pm
The past couple of days, the market has been pulling back off last week’s highs, but the dip buyers were eager to jump on early weakness, closing stocks off initial lows. Today, however, we saw the opposite, as the indices started the day with gains, but rolled over mid-morning,...

Market Closes Mixed After Weak Open

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Posted on July 28, 2014 at 7:15 pm
After Friday’s generally lackluster day, market players kicked off the new week a little on the hung over side of things. Although the futures suggested only a modestly soft start to the session, this indices sank quickly once the opening bell rang. However, one thing that we keep harping...

Good Action Under Surface Despite Losses

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Posted on July 27, 2014 at 9:34 pm
Over the previous three days, the action wasn’t exactly enthusiastic, but it was steadily positive and left us a tad stretched to the upside, leaving us vulnerable to the sort of action that we saw on Friday. Of course, another big loss from AMZN didn’t help matters, as we...

Despite Fresh Highs, Choppy Action Persists

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Posted on July 24, 2014 at 9:25 pm
The market got more decent earnings from popular growth names like UA and FB, as well as another decent reading on initial claims, but the indices weren’t able to make much more progress, and closed flat on the day. Under the surface, though, the action wasn’t exactly sedate. The...

Pullback Continues

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Posted on July 8, 2014 at 8:43 pm
We wondered last night if yesterday’s poor action in small-caps was a hint that we might be in store for some further consolidation, and that turned out to be the case today. We gapped lower at the start of the session, and spent the rest of the morning moving...

Rug-Pull

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Posted on April 10, 2014 at 8:10 pm
After two days of a solid bounce off key support levels, the bulls has the rug pulled out from under their feet today. Despite a much better than expected reading on initial jobless claims (or maybe because of it), we started the day off on the weak side, and...

Another Strong Close

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Posted on April 3, 2014 at 7:45 am
After Tuesday’s return to highs for the S&P 500, the action was rather subdued for much of today’s session. The indices spent most of the day above the flat-line, but the action in the morning was rather subdued, as market players didn’t seem too interested in chasing some big...

S&P 500 Hits All-Time Highs… Again

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Posted on April 1, 2014 at 11:04 pm
Although there wasn’t much fanfare and, like yesterday, we spent the lion’s share of the session in a narrow range, the market finally showed some improvement today. While the gains over the past couple of days were decent, they came on the heels of continued rotation into safer havens....

Separating the Wheat from the Chafe

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Posted on March 13, 2014 at 8:56 pm
After a few days of choppy action but without any real signs of selling, the market finally showed some signs of stress today. Stocks got off to a pretty good start to the session, with better than expected readings on retail sales and initial claims providing a bit of...