Monday brought the early pullback and drop on the markets from the frightful housing data, the afternoon brought around full correct. The Nasdaq along with the S&P 500 closed green and held the 50dma. The Dow and the Russell 2000 ended the day slightly red with the Dow just under the [...]

Friday ended with split markets. The Nasdaq 100 and the Nasdaq Composite closed red, while the S&P 500 and Dow were green. Very narrow range congestion day, which was like Thursday’s action and left us bored but wound very tightly. Volume has fallen off and back below the 50 day average on [...]

Thursday left a narrow range digestive day. A friend of mine said he felt luke warm today. I think that is an adequate description for the action we saw today. Volume fell off today, which is very normal after FOMC meetings and for digestive days. Crude rallied $2.08 on the day [...]

Tuesday another green day for the markets, the end of day action managed to push volume just over yesterdays for an accumulation day. The weakness and drop in the Semiconductor sector yesterday was regained today led by SNDK, MRVL,KLAC and ALTR. As the market crept along again today Chairman Bernanke’s presence was felt [...]

Monday’s up day was on lighter volume. So once again we are rising on light volume. No real catalyst for today’s advance, it was really more of a circus. The overseas markets were up and the US market was poised off Friday’s action for higher today, so we received that. The Nasdaq [...]

Wednesday gave us the extreme weakness and strength all in 6 ½ hours. Another day of bigger volume to give us an accumulation day. Green day after we were dead man walking status. We can thank the Nasdaq for hitting support and holding us for a reversal. The S&P 500 and [...]

Monday kicked off the day on the green side of the street. All the broader indexes closed green, one small problem was in the mix. While the NYSE was on higher volume for the rise the Nasdaq was on lighter volume than we saw on Friday. The Nasdaq opened the strongest and [...]

Friday closed with a mix on the broader indexes. The Nasdaq red with the S&P 500 and Dow green. The week closed green across the broader markets. It was still a narrow range week, which held support off the prior weeks big drop. Crude closed lower on Friday to ease some [...]