It is encouraging to see the bulls show up in November and defend the 50 DMA lines for the major averages. The market remains in a confirmed rally until those levels are breached. The tech-heavy Nasdaq composite and small-cap Russell 2000 indexes continue to lead evidenced by their shallow correction...
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Monthly Archives: December 2010
Holding Pattern Continues As Market Awaits New Year
Before Thursday's open, the Labor Department said weekly jobless claims fell to the lowest level since July 2008 which was a healthy sign for the ailing jobs market. Last week, jobless claims fell by -34,000 to 388,000, lower than the median forecast of 415,000 according to Bloomberg News. After the...
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Stocks Edge Higher On Quiet Day
Market Action- Market In Confirmed Rally Week 18
It is encouraging to see the bulls show up in November and defend the 50 DMA lines for the major averages. The market remains in a confirmed rally until those levels are breached. The tech-heavy Nasdaq composite and small-cap Russell 2000 indexes continue...
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Stocks Remain Strong As Home Prices Continue To Fall
Market Action- Market In Confirmed Rally Week 18
It is encouraging to see the bulls show up in November and defend the 50 DMA lines for the major averages. The market remains in a confirmed rally until those levels are breached. The tech-heavy Nasdaq composite and small-cap Russell 2000 indexes continue...
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Stocks Look Past China’s Surprise Rate Hike
Market Action- Market In Confirmed Rally Week 18
It is encouraging to see the bulls show up in November and defend the 50 DMA lines for the major averages. The market remains in a confirmed rally until those levels are breached. The tech-heavy Nasdaq composite and small-cap Russell 2000 indexes continue...
Read more
Stocks Rally on Shortened Holiday Week
Tweet 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...
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Media Quote: COMMODITIES-Oil pierces $90; grains rally on thin volume
Tweet Thursday December 23, 2010 08:44:19 AM GMT MARKETS-COMMODITIES Oil at 2-year high after sharp drop in US stockpiles * Grains at multi-month peak; copper off from record * Trading volumes stay thin as holidays get nearer * Coming up: US jobless claims data on Thursday By Barani Krishnan NEW...
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Another Quiet Day On Wall Street
It is encouraging to see the bulls show up in November and defend the 50 DMA lines for the major averages. The market remains in a confirmed rally until those levels are breached. The tech-heavy Nasdaq composite and small-cap Russell 2000 indexes continue to lead evidenced by their shallow correction...
Read more
S&P 500 Hits Pre-Lehman Level
It is encouraging to see the bulls show up in November and defend the 50 DMA lines for the major averages. The market remains in a confirmed rally until those levels are breached. The tech-heavy Nasdaq composite and small-cap Russell 2000 indexes continue to lead evidenced by their shallow correction...
Read more
Stocks Mixed As Euro Falls
Tweet Monday, December 20, 2010 Stock Market Commentary: The major US averages ended mixed on the first day of this shortened holiday week. All US markets will be closed on Friday in observance of Christmas. Market internals remain healthy, evidenced by an advancing advance/decline line and an expanding number of...
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