Friends The bulls and the bears wrestled each other to the ground by the close of today’s final trading session of the quarter. After yesterday’s rally, the bulls failed to hold serve and the bears beat those market averages back into to neutral territory for the quarter. When all...
Friends It looks like the bulls are doing their best to make sure that this first quarter of 2015 is not the first negative one in years. Stocks rallied right from the opening bell as traders responded to the possibility that China is willing to ease monetary policy. If...
Friends Well, at least stocks didn’t go down today. For the first time this week, stocks traded modestly higher as the bulls struggle to avoid the first negative quarter for stocks in some time. Trading was quiet and volume light as once again there was no major news event...
Friends Stocks sold off early continuing the trend that we have seen for the last few trading sessions, only to reverse course midday and work back into positive territory in late afternoon trading. Unfortunately, the rally faltered and stocks drifted back into negative territory for the 4th session in...
Friends That nice rally in stocks that we experienced after the Fed decision last week is more than gone at this point. As the end of the quarter approaches, it appears that traders are feeling a little jumpy. The Nasdaq in particular took it on the chin today and...
Friends Housing numbers were strong and we did see a positive read for February Consumer Prices (remember the Fed is hoping desperately for some inflation), but market participants seemed to have no interest in buying stocks today. Market averages hovered around the break-even mark for most of the early...
Friends As we mentioned last week, there are not a lot of market moving events scheduled in the next week or so, and today’s trading was indicative of just that. Stocks opened slightly to the upside and basically loitered for the entire trading session. Market participants seem bored with...
Friends Just another day in the market, as stocks once again experienced a triple digit move in the Dow. Today’s move, thankfully, was to the upside as traders decided that yesterday’s dip needed once again to be bought. By the close, the Dow Jones Industrial Average was up 168...
Friends As we have seen throughout 2015, the markets seem to have no memory from day to day. After yesterday’s Fed fueled rally, stocks couldn’t find a bid today, as traders seemed uninterested in chasing yesterday’s rally. The takeaway from the Fed meeting yesterday was that the FOMC wants...
Friends Well, the Federal Open Market Committee released its statement this afternoon, which was followed up by Fed Chair Yellen’s press conference, and the result was a rally in both stocks and bonds (not to mention gold and oil). Yes, the “patient” term was taken out of the statement,...
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