Absolutely no gusto in this market at all The market tried to make new all-time highs today, but the level of interest by the bulls to push this market higher has been very lackluster today. And inherently that is the problem with getting long on this market, despite it being [...]
I suspect that the holiday volume will persist into the week. Anytime you have a week where there are only 3.5 trading sessions in total, you can expect that much of Wall Street will take the week off and enjoy an extended vacation. […]
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 [...]
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 [...]
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 [...]
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”. […]
James Comey done talking, Dodd-Frank Repealed in House, and Bristish Snap Election Surprise Only the James Comey hearing seemed to matter to the talking heads today, but key Dodd Frank regulations being repealed by the House, and Theresa May possibly being ousted after surprise gains by the Labour party crippled her [...]
Comey and the markets collide Ultimately, I don’t expect much from this testimony. Comey prepared with the special counsel, Robert Mueller. For one, I don’t think he wants Comey’s testimony blowing up his investigation, and much of what could hurt Trump is already out there in the remarks yesterday. Politics [...]
The ugly sideways price action is likely to persist I think that we are likely to see more of the same price behaviors yet again today. Yesterday’s price action started off typical, open lower, and then spend the rest of the day rallying back towards break even on the day. [...]
Back to the Dull Market Action Just as I was expecting, we are back to the market conditions that we saw prior to last Wednesday’s sell-off. The market has bounced hard off of those Wednesday’s lows and within four trading sessions, we are back inside of the box that price [...]
Show some follow through Friday’s move was quite subtle but very strong as well. What started off as a day trading sideways like each of the days of the past eight trading sessions, changed its tune in the afternoon and broke out of the short-term price range and rallied to [...]
