Friday, November 23, 2012 Stock Market Commentary: The major averages rallied during the shortened holiday week as optimism spread that the Fiscal Cliff will be resolved. Technically, the market is simply bouncing from egregiously oversold levels as the major averages still remain in the middle of their 10-week well defined downtrends. Friday marked Day 5 of…
Friday, January 06, 2012 Stock Market Commentary: Stocks and a slew of other risk assets ended mixed to lower for a second straight day as fears resurfaced out of Europe. Investors are hopeful that 2012 will be a better year for U.S. equities and risk assets than 2011 or 2010. From our point of view,…
Thursday, December 23, 2010 Stock Market Commentary: The major US averages edged higher on this shortened holiday week capping a fourth consecutive weekly gain for the Dow Jones Industrial Average and benchmark S&P 500, fifth weekly gain for the tech-heavy Nasdaq composite, and sixth consecutive weekly advance for the small-cap Russell 2000 index. It is…