Friends Despite a slightly difficult day for stocks on this final trading day of the month, February ends up being a good one for the stock market. After January’s mess, the bulls were pleased to see stocks react positively despite a mixed earnings season, uneven economic data and continued...
Friends It was a day chocked full of economic data points, but not much else. As for that economic news, the CPI continued to decline, mainly due to the fall in energy prices, Durable Goods orders rebounded in February after a lousy January number, and weekly jobless claims number...
Friends Janet Yellen’s second day of testimony provided some entertaining exchanges between grandstanding politicians and the increasingly annoyed Fed Chair, but as for market participants, nothing new to act upon. Stocks basically drifted aimlessly for the entire trading session, providing very little range of motion for traders to operate...
Friends All eyes and ears were focused on Fed Chair Janet Yellen’s sometimes contentious testimony before the Senate Banking Committee this morning (she wasn’t letting anyone put words in her mouth), as market participants were trying to determine just when the Fed will begin to raise interest rates. Well,...
Friends Stocks began the day in negative territory as the excitement over a short term Greek solution that developed late in Friday’s trading wore off quickly with the realization that the can had only been kicked down the road, and the inevitable only delayed. As the trading session wore...
Friends Finally, something to get excited about this week. Stocks had been lingering in negative territory for most of the trading session until word out of the Eurozone that a Greek deal was imminent. Basically, they have been given a four month extension, and will be monitored by the...
Friends Stocks continue to tread water near the S&P 2100 level as neither the bulls nor the bears seem to be able to get anything going this week. Other than constant rumors concerning Greece (most turn out to be false), traders are searching for the next catalyst. The headwind...
Friends As we finish up the first half of February and head into a much welcomed three day weekend, we find the market averages dancing near or at all-time highs. After the mess that was January for stocks, the first half of February has been very tasty indeed. Never...
Friends Another solid day of gains for the bulls, as stocks climbed despite the somewhat uninspiring economic news. Both the retail sales number and the weekly jobless claims number were disappointing, but traders seemed intent on adding to positions as the market averages head towards all-time highs. By the...
Friends Stocks drifted aimlessly for most of the trading session, which was unique in that it did not include the wild volatility that we have seen since 2015 began. Traders seemed mostly uninterested as there was no real market moving type news to actually act upon. Yes, we are...
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