The stock market failed to hold onto its earlier gains, ending mixed on the session, with the Dow and S&P 500 essentially flat while the Nasdaq had a modest decline.  Crude oil traded at new all time highs early in the session, but closed with only modest gains.  Overall, it was a fitting end to […]

 The U.S. stock market closed out the week with the Dow making new Bear Market lows and the S&P 500 sitting less than 2% above its March lows.  The Nasdaq and ND 100 have performed much better, and actually finished Friday’s trading in unchanged territory.  Some are calling this a key reversal, particularly since volume […]

The U.S. stock market got hit by a perfect storm today, resulting a big declines across the board.  Currency traders were disappointed in the Fed’s rhetoric yesterday, which suggested they will not raise rates to prop up the Dollar and fight inflation any time soon.  As a result, the Dollar fell hard against the Euro, […]

The stock market was flat to down today, with the Nasdaq again leading the way to the downside, while the Dow and S&P were essentially flat.  The big move in the markets today was Gold, which sold off early in the morning, before bouncing off of its lows.  This was on the back of some […]

The U.S. stock market continued its recent trend of weak Fridays, with the Dow Jones off over 200 points on Friday.  Even the Nasdaq was down sharply, and was the weakest index on the day.  The Dow and S&P 500 are poised to re-test their March and January lows, and this could happen as soon […]

Crude Oil failed to build on Wednesday’s gains and sold off sharply today, providing a boost to the stock market.  Techs appear to be set to take over the leadership from commodity based stocks, which got hit hard today.  Interestingly, bonds went the same direction as Crude Oil, as rates rose as bond prices reversed […]

The stock market opened lower and continued to trade down the rest of the day on the back of some weak earnings reports.  Most of the important averages were down 1% or more, with the Russell 2000 down the least, off 0.80%.  With today’s weakness, the Dow Jones broke through last week’s lows, and briefly […]

The stock market closed the day a bit lower, after opening higher on the back of an earnings report by Goldman Sachs.  The opening rally was short lived, as the market did not like the bad inflation report, nor weaker housing starts.  As a result, it looks like the market is ready to test last […]

The U.S. stock market closed out the week on a positive note Friday, and ended the week basically flat.  The markets received positive economic news with better than expected inflation data.  After a positive open, they rallied into the close.  Still, this rally remains within the confines of a short term downtrend, which can only […]

Stocks opened the day quite strong, recovering almost all of Wednesday’s losses, before pulling back in the afternoon, and closing in the lower half of the trading range on Thursday.  The initial impetus to the upside was decent economic data in the morning, particularly the retail sales report, which came out stronger than expected.   The […]