Crude oil fell over $4.00 in futures trading on Thursday, forming an outside day on the charts.  After a lower opening, the market rallied, only to plunge late in the session to its lowest close in over a week.  However, the stock market could not maintain its earlier strength as it looks less and less […]

Crude oil futures sold off sharply today on supposed weakening demand.  This boosted stocks today, in the face of continued weak reports from the housing market.  The tech stocks lead the way, with better than 1% rallies in the Nasdaq Composite and Nasdaq 100.  Small caps also performed well, while the Dow and S&P 500 […]

The Dow Jones closed down nearly 200 points on the day Tuesday, but the overall market was not nearly as week.  The sell-off started early as inflation showed up strongly in this morning’s PPI report.  The selling steepened as crude oil continued to rise, closing up another $2 on the day.  However, once the oil […]

Today was essentially an uneventful day in all of the markets.  Stocks were mixed, after showing some early strength.  The Dollar rebounded a bit, and commodities did not move too much.  Overall, it was day lacking in conviction.  The early strength in stocks tailed off in the afternoon, resulting in a loss for the NASDAQ, […]

The stock market ended the week with a flat session on Friday, while the Dollar sold of sharply, prompting buying in Gold.  Crude Oil opened the session up nearly $3.00, before ending the session up over $2, settling at $126.04 on the July contract.   Gold cracked the $900 level for the first time in 3 […]

Stocks had a decent rally today, and continue to be lead higher by Ultimate stocks such as WLT, JRCC, FDG, ANR and SID.  4 out of 5 of these stocks showed nice gains today.  Again, some of these are a bit extended and may due for a pullback soon.  Techs also showed some nice gains […]

The stock market was unable to maintain a sizable rally, selling off in the last hour, and finishing mixed on the session.  The impetus for the rally early on was a better than expected inflation report.  However, the report indicated weaker energy prices, which clearly has not been the case lately, and was met with […]

The stock market finished the day mixed, with the Dow Jones down a little, but the NASDAQ and Russell 2000 up a little.   Most commodities ended the day down, some with sizable losses.   The Dollar Index finished higher, and continues to hold above support at its 20 day moving average, which has also been turning […]

The stock market started the week with a nice rally on the back of lower crude oil prices and a firm dollar.  There was strength across the board, lead by the tech stocks.  RIMM lead the charge in techs after unveiling its new Blackberry, which is getting rave reviews.  As a result, RIMM closed up […]

Energy related and global economy stocks continue to dominate performance, and managed to peform well while the broader market had a down week.  Our list of Ultimate Stocks continues to significantly outperform the rest of the market.  Stocks such as JRCC, WLT and FDG, among others, continue to lead the way.  Clearly, these stocks are […]