Tuesday closed with another narrow range day, but our volume increased to give us an accumulation day on the Nasdaq. The Nasdaq and Dow closed green, but the S&P 500 struggled and slid into red due to weakness in the banks, brokers and healthcare, leaving a distribution day. Crude fell on the day [...]
Monday brought a narrow range digestive day across the broader markets. Nasdaq, S&P 500, and the Dow all closing red on the day, giving a lighter volume pullback on a very small range. The Dow managed to elude the 13, 000 mark that it is eying. I think this is more psychological [...]
Friday left us with a nice green advance on the markets and the Dow at all time new highs. The S&P 500 at highs we haven’t seen since September 2000 and the Nasdaq 100 and Nasdaq Composite just under the 2007 highs made a few weeks ago. Friday’s volume on the NYSE was [...]
Thursday another mixed day, Nasdaq Composite along with the S&P 500 closed red on the day. The Dow held up for the sixth consecutive day of gains. Volume still showing improvement for the past 4 days, leaving a distribution day on the Nasdaq and NYSE. A very weak open was quickly [...]
Wednesday brought a record close on the Dow, but a laggard Nasdaq closed red. Financials are still leading the upside, with tech not participating in the broad based rally. Tech has many components, the most watched would be the semiconductors, which rallied today and broke the eight days of consolidation. Left [...]
Tuesday brought us a little mixed outcome on the day. The Nasdaq Composite closed slightly red, while the Nasdaq 100, S&P 500 along with the Dow closed green on the day. All very narrow ranges, but volume was very good leaving accumulation day once again for the big caps and a distribution [...]
Monday brought another gap and go day, heavier volume on this rise for the big caps S&P 500, but not the Nasdaq. Leaving an accumulation day on the NYSE and not the Nasdaq. Financials were the leaders on the day, set by a nice tone off the Citigroup, which also held the biggest [...]
Friday closed the day on the highs and made it a bullish one. Volume was light for most of the week and again Friday was light. Another light day rise across the broader markets. Oil fell on the day down 22 cents at $63.63 on the day. Gold closed up $10.20 [...]