The U.S. stock market sold off sharply in the last hour of trading today, presenting another flip flop to traders who can’t seem to get more than a couple of days in one direction.  The primary culprit was a spike in jobless claims and continuing jobless claims, suggesting a weakening job market.  The 2nd Quarter […]

Stocks rallied nicely for the second day in a row, in spite of a big move up in crude oil of over $4 on a decline in gasoline stocks.  The market opened higher and continued up for the rest of the day, as traders are becoming more convinced that the bottom is in for financial […]

The stock market enjoyed a big rally Tuesday as Crude Oil prices dropped another $2, after being down as much as $4.00 on the session.  Today’s rally wiped out yesterday’s losses, and the major averages all closed above yesterday’s highs, a positive sign.  The rally began initially when Consumer Confidence numbers came out better than […]

The Bear Market re-asserted itself Monday as financial stocks, tech stocks and telecom stocks took a sizable beating.  AAPL continues to drop after a decent earnings report last month, but conservative guidance.  The stock looks like it may want to head down to the $115 level where it bottomed in February.
 Stocks look set to re-test […]

Stocks closed significantly lower on Monday as the Bear Market continued to re-assert itself.  Financials lead the way lower, but there was also weakness in tech stocks and telecom stocks.  It looks like the market is ready to test the lows of a couple weeks ago.  One ominous sign today is that Merrill Lynch was […]

The Stock Market ended the week mixed, with 1% plus gains in the Nasdaq and Russell 2000 averages on Friday, but much more modest gains in the Dow Jones and S&P 500 indexes.  The week was mixed with strong gains seen in the Russell 2000, but a 1% loss in the Dow.  Profit taking was […]

A weak housing report suggesting that the housing market is nowhere near recovery sent stocks tumbling on Thursday, effectively ending the recent rally.  This was not a good day, with the major averages off anywhere from 1.5% to 2.5% and more.  Today’s price action suggests that we must test the recent lows in order to […]

A weak housing report indicating no end in site to the continued weakness in that part of the economy has lead to a bit of a sell-off in the stock market this morning.  Not helping matters was the weekly jobless claims report, which should a sizable jump in claims for the latest week.  As a […]

If you have never heard of Russell Sands, or you have never heard him speak, check out a video of him speaking on INO TV in which he discusses the original Turtle experiment conducted by Richard Dennis and William Eckhardt in the 1980’s.  Russell was part of the original group of traders taught the Turtle […]

U.S. Stocks continued the recent rally with a small advance Wednesday, buoyed by another $4 drop in Crude Oil prices, but tempered by earnings reports.  The advances were also tempered by weakness in energy related stocks, as well as agricultural related stocks, as commodity prices continued their recent declines.  In a recent post, I mentioned […]