Tweet We would like to wish all our loyal clients & readers a very Happy & Healthy 2010! The major averages ended lower on the last trading day of the year. Volume, an important indicator of institutional sponsorship, was reported lighter than Tuesday’s totals which indicated large institutions were not...
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Monthly Archives: December 2009
Stocks End With Modest Gains
Looking at the market, the action remains constructive. The Dow Jones Industrial Average, small cap Russell 2000 Index, S&P 500 Index, Nasdaq Composite and NYSE Composite indices are all trading near fresh 2009 highs which bodes well for this rally. The inverse relationship with the US dollar has eased in...
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Stocks End Lower On Housing & Consumer Sentiment Data
Tweet Tuesday, December 29, 2009 Market Commentary: The major averages traded between positive and negative territory before ending lower as investors digested the latest round of mixed economic data. Volume, an important indicator of institutional sponsorship, was lower than Monday’s session which indicated large institutions were not aggressively dumping stocks....
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Stocks Rally On A Busy Monday
Looking at the market, the action remains healthy. The Dow Jones Industrial Average, small cap Russell 2000 index, S&P 500 and Nasdaq composite are all trading near fresh 2009 highs. Leaving the NYSE composite just below its 2009 high. The fact that the market managed to rally last week and...
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Santa Claus Visits Wall St.
Tweet The market closed higher for the week and on Thursday’s shortened pre-holiday session. Volume, an important indicator of institutional sponsorship, was lighter than Wednesday’s levels, again revealing the lack of appetite for accumulating shares from very large and influential institutional investors. Advancers led decliners by nearly a X-to-X ratio...
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Stocks End Higher on Mixed Economic Data
Looking at the market, the Dow Jones Industrial Average and benchmark S&P 500 index both closed near their respective resistance levels as they quietly consolidate their recent gains in lighter pre-holiday volume. Meanwhile, the tech-heavy Nasdaq composite continues to lead its peers as it managed to hit another 2009 high...
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Stocks Rally On Lighter Volume
Tweet Tuesday, December 22, 2009 Market Commentary: Stocks in the US closed higher after the latest round of economic data was released. Volume, an important indicator of institutional sponsorship, was lower than Monday’s levels. Advancers led decliners by nearly a 2-to-1 ratio on the NYSE and by a 16-to-11 ratio...
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Nasdaq Hits Fresh 2009 High As Dollar Rallies
It was very encouraging to see the Nasdaq breakout of its current trading range and hit a new 2009 high on Monday! It is also very encouraging to see the Philly Semiconductor Index (SOX) gap higher and hit a fresh 2009 high as well. Meanwhile,the Dow Jones Industrial Average and...
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Week In Review 12.18.09: Stocks End Mixed As Dollar Rallies!
Tweet Friday, December 18, 2009 Market Commentary: The major averages ended the week mixed as the US dollar continued to rally and investors digested a slew of economic data. Stocks closed higher on Friday as volume, an important indicator of institutional sponsorship, jumped above Thursday’s levels due to quadruple witching....
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The U.S. Dollar vs. Capital Markets
Th Inverse Correlation Explained:
In the recent past, there has been an inverse correlation between the U.S. dollar and dollar denominated assets (mainly stocks and commodities). By definition, the inverse correlation states that stocks and commodities (which are priced in dollars) will fall when the dollar rallies. Since early December, the...
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