Thursday, December 29, 2011 Stock Market Commentary: Stocks opened higher after the latest round of economic data was announced and an Italian bond auction came in below the worst case scenario that many pundits were worried about. From our point of view, Thursday marked Day 7 of the current rally attempt which means the window…
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…
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…
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…