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The stock market delivers gains prior on light trade.

Stocks were able to sustain gains throughout the day as the market was able to close on its highs.  Volume was lower on the day as many on Wall Street simply stayed away.  Wednesday’s gains should carry through to Friday as the quasi trading day will be a lighter volume day.  No one will be in the office to be putting any cash to work.  I wouldn’t take much away from Friday’s action, but the rise on lower volume this week has … [visit site to read more]

Stocks move higher as shorts race to cover their positions.

This market continues to fool many people and will continue to do so.  The lack of new highs being made by this market is a tell that we do not have a healthy market.  Until there is true buying, and that is accumulation rather than low volume short covering induced rallies.  Accumulation will be with days that stocks only move 2-3% with volume higher than the previous day.  We have yet to see real accumulation in this … [visit site to read more]

Oversold conditions spark a sharp recovery as shorts covered their positions

We’ve seen this story more than once, a sharp massive recovery after setting new lows.  The huge % gain on the day came on volume but it wasn’t accumulation from insititutional investors.  Big boys do not like to run up the price on themselves and chasing anything beyond 1-2% beyond their buying levels.  Stocks are simply oversold, not as oversold as they were on 10/10 but nonetheless oversold.  Look … [visit site to read more]

Stocks crash as investors lose confidence in the system; having many wonder will we ever come back.

I am sure many investors are on the verge of giving up or already have.  My curiousity has led me to open a poll…Note: There is a poll embedded within this post, please visit the site to participate in this post’s poll.The NASDAQ is down 26% since Americans elected Obama as our next President.  Stocks are a forward looking indicator, and at this time stocks are not liking what they are seeing.  It appears that this meltdown of our current broken (non-free) markets are headed for … [visit site to read more]

Stocks retrace 90% of November 13th’s gains and find support

Tuesday’s stock market action was certainly not one for the faint of heart.  The awesome volitility seen during the day makes an old wooden rollercoaster look like child’s play.  We are seeing extreme pessimism, Wall Street and Main Street continue to be extremely negative on the economy and the stock market.  However, from our October ‘07 highs to our November ‘08 lows the market was off roughly 50%.  The stock market … [visit site to read more]

The stock market did a fabulous job keeping traders, investors, and speculators on their toes Friday.  Stocks whipped around those who were watching intraday as volume fell off a cliff.  Volume on the day was well under Thursday’s session as institutions weren’t in full force buying up stocks.  The day’s action put a damper on those who were looking for stocks to rally.  Although the day wasn’t a pretty one, it was a day of consolidating Thursday’s gains on lighter volume.  It will be most … [visit site to read more]

Stocks set a multi-year low as more fear about the economic situation grew.  However, stocks found footing and with volume soared from its lows.  Is this the bottom?  Time will tell, but the move off the lows was very powerful and with volume.  At its lows today the NASDAQ was off 50% from its October 2007 highs.  Extreme moves like this usually result in massive snap back rallies.  After the 1938 lows the market rallied 50% from its lows and we could see something similar with our … [visit site to read more]

Stocks react negatively to the tune of the worse week of a presidential election.

Traders enjoyed another week of volitility as the market swung around reacting to Americans selecting Barack Obama as our next President.  Regardless of political loyality it was a horrible reaction to a new president.  Stocks simply are discounting further economic troubles with Obama in office.  Once  again, the President has very little control over economic condition, it is Congress who holds … [visit site to read more]

Stocks sell off hard at the end of the day as volume picked up into the close.

The stock market is a great discounter of the future.  Wednesday’s action can be construde as what we will expect from the stock market under Presdient Obama.  Volume on the day was lower than Tuesday’s action, somewhat of a silver lining.  Last week we saw the major indicies move higher on lighter trade and now we are beginning to see the complete opposite.  If volume begins to swell to the downside … [visit site to read more]

Stocks end mixed on lower volume, awaiting the next elected President.

The NASDAQ saw a bit of positive price action, but once again volume closed lower than Friday’s level.  In addition, call buying dropped again suggesting many are simply standing on the sidelines waiting on the election results.  Simply put, yesterday was a “nothing” day.  This confirmed rally is weak at best and the lack of accumulation following the confirmation proves that this rally has very little chance … [visit site to read more]