I took some time away from the blog but now I am back and eager to resume posting my daily update on the markets. This first report sounds more like a lumberjack update with the way that the market continues to chop around. Stocks were firmly flat on the open but began to slide into […]

Stocks continue to be weak across the board with the Dow Jones ($DJX) leading the way lower. United Technologies ($UTX) and $IBM lead the weakness in the blue chip index after Big Blue ($IBM) missed on revenues and United Tech ($UTX) was down-graded. These are both expensive stocks and since the Dow Jones ($DJX) is […]

I woke up Sunday with Greece dominating the headlines. There are two points that my good friend Joe Cusick from MoneyBlock.com said to me for context. First, we have known about Greece for over five years; second, there are over 15 states that have a GDP that is larger than Greece. You are not seeing […]

We have seen this week just how indecisive the market can be and it is just not ready to resume any trend either to the up or down side. The S&P 500 ($SPY) could not hold breakout support, $210.5, so the upside challenge of $212 has failed. The range in the S&Ps is starting to […]

The market opened in the red but if you look at the short-term range the majority of the major sectors are in a bullish trend. In spite of the pullback yesterday the S&P 500 ($SPY) broke resistance at $212 this week and is still trading above its support of $207.50. Until there is a break […]

Large-Cap stocks are stuck in a tight range with most of the major indexes finishing mixed. Tech heavy NASDAQ ($QQQ) and S&P 500 ETF ($SPY) finished the day just ever so slightly in the green. Taking a look at the action in various sectors there is weakness in Industrials ($XLI), Materials ($XLB), Consumer Staples ($XLP), […]

European economies rose to the highest level in over four years, with the two biggest economies, Germany and France, leading the way. US Stocks ran to the upside on the open with this news but then, sticking to script, just grinding in a trading range the rest of the session. Leadership once again was by […]

The EU, Greece, or a bubble in China just would not hold back the market, especially the Small-Caps ($IWM) and Tech ($QQQ). The Russell ($RUT) and NASDAQ ($QQQ) hit new highs, which is a huge catalyst for the overall market to the upside. This bullish action did not flow into two sectors that have been […]

Taking a look at the Advance/Decline Percent we saw that it has tipped into bullish territory. The Advance/Decline Volume Percent continues to lag and is still bearish zone. While this tempers the enthusiasm of this run to the upside, it does not mute the fact that the overall breadth is bullish. The S&P 500 ($SPY) […]

Fed released their statement and stocks popped off their lows.  The S&P 500 ($SPX) gained four points (+0.20%) and ended just below mid-term support of its 50-day average. What I didn’t like was the move in the small-caps ($IWM) to end lower. If this action continues in small-caps this would be a concern for any […]