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Stocks Fall As Investors Digest A Slew Of Economic Data

Stocks closed lower as investors digested a slew of economic data. Volume, a critical component of institutional demand, was mixed compared to Monday’s levels; higher on the Nasdaq and lower on the NYSE. The higher volume on the Nasdaq marked a distribution day for that exchange but the lower volume on the NYSE helped those indexes avoided that fate. Decliners led advancers by over a 21-to-17 ratio on the NYSE and by over a 16-to-11 ratio on the Nasdaq exchange. There were 12 high-ranked companies from the CANSLIM.net Leaders List making a new 52-week high and appearing on the CANSLIM.net BreakOuts Page, higher from the 41 issues that appeared on the prior session. In terms of new leadership, it was encouraging to see new 52-week highs outnumber new 52-week lows on the NYSE and Nasdaq exchange.

Strong Start Fizzles In PM

The major averages opened sharply higher as the US dollar plunged after the latest round of stronger-than-expected housing data was released. However, sellers showed up in the afternoon and led the really to fizzle.

Stocks Negatively Reverse; Dow Ends Slightly Higher

The major averages rallied during the first half of the week but the bears showed up in the latter half and erased the gains and sent stocks lower. This article discusses the important events of the week.

Sour Economic Data Hurts Stocks

This is Thursday November 19, 2009’s after market commentary. In-depth analysis on the market and leading stocks.

Stocks End Lower On Tepid Economic Data

Wed 11.18.09 Market commentary. The major averages opened lower after a series of mixed economic data was released.

Stocks Up; Dollar Up= Bulls Are Strong!

The bulls flexed their muscles today and sent the major averages higher even as the US dollar rallied! Volume, a critical component of institutional demand, was lower than Monday’s levels which indicated a lack of buying from the institutional crowd. However, the fact that the major averages were down for most of the session and closed near their intra day highs helps offset that concern.

Stocks & Commodities Rally; Dollar Falls

Monday’s (11.16.09) after market report analyzes the important events of the day.

Week In Review: Stocks Confirm New Rally

The major averages confirmed a new rally attempt and ended higher for the week as investors digested the latest round of earnings and economic data. However, this was the second consecutive week that volume, a critical component of institutional demand, receded as the major averages advanced. Normally, one would like to see volume expand as the market rallies and contract when the market declines. In terms of new leadership, it was encouraging to see new 52-week highs outnumber new 52-week lows on the NYSE and Nasdaq exchange.

Stocks Fall As Dollar Rallies; S&P 500 Tracing Out A Possible Double Top?

The major averages ended lower as the US dollar surged on Thursday. Volume, a critical component of institutional demand, was higher on both major exchanges which marked the latest distribution day for the popular indexes. Decliners trumped advancers by about a 4-to-1 ratio on the NYSE and by about a 3-to-1 ratio on the Nasdaq exchange. In terms of new leadership, it was encouraging to see new 52-week highs outnumber new 52-week lows on the NYSE and Nasdaq exchange but the number of actual leaders breaking out of sound bases remains very light.