Futures are surprisingly making a move in the premarket Whether it holds will be a whole other question. Gap highers tend to be shakey business of late. Even Friday, where the market was solid all day long, chose to sell off in the final 10 minutes of trading and wipe out about 80% of the
Stock market is on shaky ground That doesn't mean the market is simply going straight down from here - if it were only that easy. That's because, despite the sudden bearishness that has been prevalent throughout this week, there is still that pesky dip buying mentality of the stock market that won't let the 8
Nasdaq selling off again, SPX flat The technology purge looks to resume again this morning, while most of the overnight gains have been lost by the large caps. This market is becoming a bit less predictable in the latter half of this month. yesterday's bounce looked reminiscent of the bounce following the May 17th sell-off,
Buy Machines Continue to Bounce following One Day Sell-offs If the premarket is any sign of what looms for the market today, it will be yet another hard bounce following a one-day sell-off.
Stocks and Indices continue to trend sideways Outside the first trading day of the month, the market has absolutely gone nowhere. Stock trends in general have been totally sideways or in more technical terms, “consolidating”.
Prepare for the funds to start window dressing their quarterly and 6 month reports This is one of those points in the year, where the funds become very concerned by their performance. So much so, that they’ll start what is commonly known as ‘window-dressing’ their portfolios with all the right stocks so that they can
The latest episode of “wild ramps” at market close, saw 10 straight 5 min red bars. The S&P 500 and the market as a whole was holding steady for the entire trading session until about 40 minutes remained and then that is when we saw another example of how wild ramps into the close can
On Monday, it looked like the market was prime for a breakout in trading Since then it has only resulted in a head fake kind of maneuver. I'm glad to be back after a short summer vacation over the last week. But when it comes to trading, there isn't much time off, so while I
No longer smart money, it is the fast money that is dip buying. It is impossible to get a sell-off to last more than just one day. Though today might be a bit different as far as that is concerned.
Actually some weakness today with the stock market down a bit. It isn’t anything to get too excited about but we aren’t dealing with fractions of a point either. But knowing the dip buyers, they will probably come in and miraculously save the day at the end. I know that sounds like sour grapes on