Stocks End Mixed On Renewed Greek Woes

Stocks End Mixed On Renewed Greek Woes

Byinfo@50park.com

Remember, it is important to note that the major averages have been steadily rallying since early February and a pullback of some sort should be expected. The prior commentary’s observation, “Since the March 1, 2010 follow-though-day (FTD) a handful of distribution days has not been the least bit damaging to the market’s confirmed rally” – was immediately followed with the 6th distribution day for the S&P 500 Index. However, the fact that we have yet to see a modest pullback bodes very well for the bulls. Trade accordingly.

Stocks Close Higher On Healthy Earnings Data

Stocks Close Higher On Healthy Earnings Data

Byinfo@50park.com

Remember, it is important to note that the major averages have been steadily rallying since early February and a pullback of some sort should be expected. The prior commentary’s observation, “Since the March 1, 2010 follow-though-day (FTD) a handful of distribution days has not been the least bit damaging to the market’s confirmed rally” – was immediately followed with the 6th distribution day for the S&P 500 Index, a sign of mounting pressure on this 8-week rally. However, the fact that we have yet to see a modest pullback bodes very well for the bulls. Trade accordingly.

Stocks End Mixed As Investors Digest A Slew of Earnings

Stocks End Mixed As Investors Digest A Slew of Earnings

Byinfo@50park.com

It is important to note that the major averages have been steadily rallying since early February and a pullback of some sort should be expected. The prior commentary’s observation, “Since the March 1, 2010 follow-though-day (FTD) a handful of distribution days has not been the least bit damaging to the market’s confirmed rally” – was immediately followed with the 6th distribution day for the S&P 500 Index, a sign of mounting pressure on this 8-week rally. Trade accordingly.

7-Week Rally Under Pressure

7-Week Rally Under Pressure

Byinfo@50park.com

Stocks tanked on Friday after several high profile companies released their Q1 results and the SEC charged Goldman Sachs with fraud. Our primary concern before the SEC/GS news was released was the ominous action in shares of GOOG, ISRG and BAC after releasing their Q1 results. Longstanding readers of this column know how much we focus on how the market reacts to the news, not just the news itself. That said, the fact that these leaders reacted poorly to bullish quarterly results suggests that the much anticpated pullback may have begun. Then the SEC/GS news broke, which was the proverbial icing on the cake. At this point, the major averages have been steadily rallying since early February and a pullback of some sort should be expected. Since the March 1, 2010 follow-through day there have been 6 distribution days on the S&P 500 which is more than enough to put pressure on this 7-week rally. Trade accordingly.

Stocks Hit New 2010 Highs!

Stocks Hit New 2010 Highs!

Byinfo@50park.com

The benchmark S&P 500 Index currently has 5 distribution days while the Nasdaq Composite and Dow Jones Industrial Average have 4 since the March 1, 2010 follow-though-day (FTD). These distribution days have not been damaging, however the simple fact that we currently have 5 distribution days for the S&P 500 suggests a more cautious approach may be prudent. Trade accordingly.

Stocks Rally On Healthy Retail Sales Data

Stocks Rally On Healthy Retail Sales Data

Byinfo@50park.com

The benchmark S&P 500 Index currently has 5 distribution days while the Nasdaq Composite and Dow Jones Industrial Average have 4 since the March 1, 2010 follow-though-day (FTD). These distribution days have not been damaging, however the simple fact that we currently have 5 distribution days for the S&P 500 suggests a more cautious approach may be prudent. Trade accordingly.