Well, last week proved to be quite an interesting week for stocks.  Normally, since it is a holiday week, there is seasonal favorability.  The market got off to a good start on Monday, but failed to build on its gains over the next two sessions.  Then, while we were enjoying the Thanksgiving holiday, turmoil erupted […]

U.S. stocks ended the day barely to the upside, even as the Dollar was routed in Forex trading.  The Dollar closed at 14 year lows against the Yen.  The so called Yen carry trade has been fueling the rise in stocks since March, but they barely moved today.  Commodities, on the other hand, enjoyed big […]

U.S. Stocks opened strongly to the upside this morning, and held up all day, as the Dollar declined in Forex trading.  Someone keeps on forgetting to turn off this broken record! 
Another “as usual” though; volume was light.  In fact, considering the size of the price move, volume was downright abysmal.  Less money is going into […]

As mentioned in my previous post this weekend, the U.S. stock market ended a quiet week on a quiet note on Friday.  However, as we head into the holidays, we enter a pretty strong time frame for the stock market on a seasonal basis.  Since we have had such as strong rally from the March […]

U.S. Stocks closed very modestly lower on Friday in very dull trading, to end a very dull week of trading.  As a result, the week ended mixed, with the Dow Industrials posting a modest gain, and most other averages posting modest losses on the week. 
However, the daily trading pattern looks promising for a decent move […]

U.S. Stocks finished they lower, but well off session lows on Thursday, but remain up solidly on the week.  Stocks opened lower on the back of Dollar strength, but that strength evaporated late in the day, and allowed the market to bounce a bit off its lows.  Overall though, it was a pretty weak market.  […]

Like a broken record, U.S. stocks enjoyed a nice Monday rally, as did many commodities, as the Dollar traded at its lowest level since August 2008.  The Yen was the largest benefactor of the Dollar decline today, as the carry trade continues.  The Dollar also fell against the Euro and British Pound. 
Also benefiting from the […]

U.S. Stocks ended the week with a positive note, and finished with a two week winning streak.  A weak Dollar again provided the prescription for the rally, as the market shrugged off a weak consumer sentiment survey.  The Russell 2000 actually lead with a gain over 1% on the session, followed closely by the Nasdaq […]

U.S. Stocks were up again Friday, resulting in a two week winning streak.  Earnings and a weak Dollar were the primary drivers, as stocks shrugged off a weak Consumer Sentiment report that suggests holiday spending may not be very strong. 
The Dollar weakness resulted in more strength in Gold and commodities although crude oil broke down […]

U.S. Stocks declined on Thursday as the Dollar managed a decent rally, after making new lows for the current downtrend this week.  Same old story here.  As the Dollar falls, stocks rise, as it is seen as a boost to companies that compete in overseas markets.  The falling Dollar also has provided a boost to […]