- Tuesday’s session brought a little more variety in the equity space along with higher volume in comparison to recent averages, as major internet names including Amazon (AMZN), Google (GOOG), and Priceline (PCLN) traded higher on the session to buck the May sell-off trend.  Our major indices also traded in the black at points during [...]

- Moving on to the third trading week in April, the short-term landscape has not changed.  Our major indices continue to fall on a daily basis since the beginning of May, while flights to USD, as Greece and Spain continue to erode, are sinking commodities and treasury yields alike.  There has not been much support [...]

- Our major indices finally reversed a downtrend Thursday that lasted six consecutive sessions, though they finished well off their intraday highs and volume was not significant enough to warrant any kind of meaningful reversal.  Not to mention the bombshell dropped by JP Morgan after the close, that being a conf call during which Jamie [...]

- The correction off both 2012 highs and 4-year highs remained in tact for DJI and SPX in Tuesday’s session, with DJI opening lower and closing lower for a fifth consecutive session to a 3-week low.  I should mention that volume was significantly higher than recent averages, and our major indices cut intraday losses in [...]

- Stocks opened lower and continued their decline for a fourth consecutive session Monday, following DJI’s move to a new 52-week high last Tuesday.  Losses were modest, however, and volume remained below recent averages.  Financials and Pharma led gainers on the day, while Energy led the downside as crude continued its free fall.  Our econ [...]

- Our major indices fell for a second consecutive session Thursday after DJI closed at a new 2012 high in Tuesday’s session.  Despite the lower closes, SPX in particular held a key level of support, that being its 50-day MA of 1386, which the technicians will certainly keep at the forefront of their minds heading [...]

- It’s certainly been a wild week in terms of volatility, with DJI seeing a 350 pt range in the last four sessions as investors grapple with China growth concerns, ongoing European debt questions with Spain being the latest target, and domestic econ data that has been worrisome of late, most notably on the jobs [...]

- As we recall Monday, we saw significant selling across all major sectors following the lower than expected Mar payroll number released last Friday, during which US markets were closed.  I noted that volume was relatively low, leaving me skeptical of the magnitude of the selloff, but that skepticism was squashed rather quickly after Tuesday’s [...]

- The beginning of Q1 earnings releases will be the focus this week, but jobs data released last Friday while US markets were closed had a significant impact on trading throughout Monday’s session before the perennial lead-off batter in the earnings lineup, Alcoa (AA), announces their Q1 results, which will happen after Tuesday’s close.  The [...]

- We had witnessed coming into Wednesday’s session that FOMC mins released Tuesday, which noted reluctance towards QE3, ultimately led to selling in all of the risk-on sectors, with the largest declines seen in Energy and Financials.  However, with our major indices recovering off intraday lows into the close, I had anticipated the correction had [...]