Wednesday, December 28, 2011 Stock Market Commentary: Stocks spent most of the day in the red after a report showed that European banks deposited a record amount of cash with the European Central Bank (ECB). From our point of view, Wednesday marked Day 6 of the current rally attempt which means the window is now…
Tuesday, December 27, 2011 Stock Market Commentary: Stocks opened the shortened holiday week higher after the latest round of U.S. consumer sentiment topped estimates. From our point of view, Monday marked Day 5 of the current rally attempt which means the window is now open for a new follow-through day to emerge [as long as…
Friday, December 23, 2011 Stock Market Commentary: Stocks ended the week higher after the ECB lent nearly 500B euro’s to troubled European banks to help prevent a credit crunch and the latest round of U.S. economic data topped estimates. From our point of view, Friday marked Day 4 of the current rally attempt which means…
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…