Thursday, December 22, 2011 Stock Market Commentary: Stocks were quiet on Thursday as investors digested a slew of economic data and Italy’s senate approved their austerity plan. The benchmark S&P 500 index is on track to positively reverse (open lower but close higher) for the week (shown here) which is normally a bullish sign. However,…
Wednesday, December 21, 2011 Stock Market Commentary: Stocks ended mixed on Wednesday after the ECB lent nearly half a trillion dollars to European banks at very low rates and the latest round of U.S. home sales missed estimates. From our point of view, the market is back in a correction as the latest follow-through day…
Tuesday, December 20, 2011 Stock Market Commentary: Stocks rallied after the latest round of U.S. housing data topped estimates which bodes well for the ailing housing market. From our point of view, the market is back in a correction as the latest follow-through day (FTD) failed after the benchmark S&P 500 sliced below its 50…
Monday, December 19, 2011 Stock Market Commentary: Stocks fell as investors digested a slew of headlines from across the globe. From our point of view, the market is back in a correction as the latest follow-through day (FTD) failed after the benchmark S&P 500 sliced below its 50 DMA line. This is just another example…
Friday, December 16, 2011 Stock Market Commentary: For the week, most risk assets ended lower after European leaders failed to make any significant headway in their latest meeting. From our point of view, the market is back in a correction as the latest follow-through day (FTD) failed after the benchmark S&P 500 sliced below its 50 DMA line….
Thursday, December 15, 2011 Stock Market Commentary: Risk assets snapped a week long sell off on Thursday after a flurry of stronger-than-expected economic data was released. From our point of view, the market is back in a correction as the latest follow-through day (FTD) failed after the benchmark S&P 500 sliced below its 50 DMA…
Wednesday, December 14, 2011 Stock Market Commentary: Risk assets continued to fall on Wednesday after fear spread that the global economy is slowing and there might be more trouble in Europe. From our point of view, the market is back in a correction as the latest follow-through day (FTD) failed after the benchmark S&P 500…
Tuesday, December 13, 2011 Stock Market Commentary: Risk assets fell on Tuesday after Fed’s last meeting of the year. From our point of view, the market confirmed its latest rally attempt on Wednesday, November 30, 2011 when all the major averages soared over +4% on monstrous volume in response to the global central banks coordinated efforts to flood the…
Monday, December 12, 2011 Stock Market Commentary: Risk assets fell hard on Monday after the much anticipated EU summit failed to make any significant headway which raised concerns that several EU states may be downgraded. From our point of view, the market confirmed its latest rally attempt on Wednesday, November 30, 2011 when all the major averages soared over +4% on monstrous…
Friday, December 9, 2011 Stock Market Commentary: For the week, risk assets were mixed as investors digested a slew of data and headlines from across the globe. From our point of view, the market confirmed its latest rally attempt on Wednesday, November 30, 2011 when all the major averages soared over +4% on monstrous volume in response…