Archive for category: Market Commentary

Good Week Finishes Quietly

Good Week Finishes Quietly

Friends With today being quadruple witching, where we get the expiration of options and futures, volume was a little heavier, but trading seemed directionless as stocks loitered around the even level all day. By the end, the Dow Jones Industrial Average was down 20 points to finish the week...

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1400 for the S&P

1400 for the S&P

Friends After a few days of weakness in bonds and gold, both held firm today as stocks continue to fight their way higher. Even without the crutch of Apple (which actually went down a little today after touching $600 per share at the open) stocks were able to advance....

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Update

Update

Friends The Dow closed up 16 points to finish at 13,194 while the S&P fell back just 2 points to close at 1,394. Oil dropped $1.13 today to $105.58. The big move of the day was a $51 loss on gold which ended near $1643. Have a nice evening...

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Terrific Tuesday!

Terrific Tuesday!

Friends What a difference a week makes. Last Tuesday stocks suffered their first big losing day of the year with the Dow Jones Industrial Average falling over 200 points for the day. Today, powered by the shorts getting squeezed and bold action from JP Morgan’s Jamie Dimon, stocks surged...

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Defensive Monday

Defensive Monday

Friends Not much happening on this Monday, as traders wait for tomorrow’s Fed meeting to begin. In the meantime, only defensive areas such as drugs and consumer staples showed modest upside as the market in general was painfully quiet. After the adrenaline rush of last year’s historic volatility, the...

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A Little Bounce

A Little Bounce

Friends The only major economic news today was Apple’s new iPad rollout and the ADP employment number which came in as expected with around 215,000 new jobs for February. Perhaps this sets the tone for Friday’s government employment number. Stocks bounced back some after yesterday’s downturn with the Dow...

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Minor Weakness

Minor Weakness

Friends Another day that could have been much worse, ends up being nothing more than a minor nuisance to the bulls. For the day, the Dow Jones Industrial Average, after being down nearly 90 points early in the morning, finished with a loss of 14 points to close at...

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