Friends The Dow spent the entire trading session in negative territory (weighed down by IBM), but almost made it back to break even by the close. The S&P and Nasdaq on the other hand were able to post gains for the day. Market participants are monitoring the news...
Friends It was another very quiet day of trading. We had a little bounce at the open and basically treaded water for the rest of the trading session. Earnings continue to be pretty decent and the share price reactions have been a little different this quarter. Instead of...
Friends As you all know, every October 19th I reminisce a little bit about the anniversary of the stock market crash of 1987 (Black Monday). You may remember it was my 3rd year in the business and it was a moment in time that I will never forget (I still...
Friends As we move into a very busy couple of weeks of corporate earnings releases, stocks began today’s trading session on the defensive. Perhaps the bulls were tentative to jump into the pool after last week’s gains, but as the trading session wore on the bulls became more...
Friends After several weeks of negative stock action, the bulls circled the wagons this week and pushed stocks higher. As mentioned yesterday, early returns on earnings season have been encouraging, albeit most of the good news has been in the banks and financial firms. Nevertheless, buyers became a...
Friends There was just a sprinkling of earnings reports this morning, but boy were they helpful to the market averages. Citi and Bank of America helped the financials, while United Healthcare and Walgreens helped buoy the Dow Jones Industrial Average. In the end stocks rallied in a manner...
Friends Market participants had corporate earnings, a hot CPI report and the Fed minutes to chew on today. Bank shares were among the few that had rallied into earnings season so it wasn’t a complete surprise that J. P. Morgan Chase shares slumped after its relatively good earnings...
Friends We had a very disappointing non-farm payroll number as only 194,000 new jobs were created in September. Remember, expectations were that we would see 500,000 new jobs created or more. The unemployment rate did fall to 4.8%, but that somewhat contradicts the more than 10 million job...
Friends With the news that Congress has approved a deal to delay the debt ceiling game of chicken until December, stocks got quickly out of the starting gates. The Dow was sporting a 500 point game by mid-morning, but as the afternoon wore on the bulls pulled back...
Friends Right on cue, stocks fell at the open giving back all of yesterday’s gains, but adding to recent volatility we got an intraday move today as stocks reversed course and actually moved into positive territory by the close. Perhaps, today traders began to feel that this debt...
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