Volume exploded at the open as traders pushed the market to its highs.  NYSE volume was running higher about 70% over Monday’s levels while the NASDAQ saw an increase of 20%.  Consumer sentiment came in slightly lower than expected at 50.4 (expected reading 51).  The morning highs weren’t to be seen again, but volume faded [...]

The market got a jolt of good news from Apple Computer and set up stocks to open higher from the get go.  Traders were falling over themselves to get a piece of the action as volume soared at the open.  Unfortunately, the highs of the day were set at the open and the market would [...]

Earnings season is now in full swing and the market rebounded today.  It is quite common for the market to have a natural reaction to heavy volume selling and today wasn’t a surprise.  Early in the session sellers took over shortly after the opening sending stocks much lower.  Volume lagged Friday’s option expiry pace, but [...]

Economic news was either mixed or negative as Producer Prices fell more than expected, but jobless claims dropped more than expected.  Initially the futures reacted positively to the lower jobless claims.  Industrial production even rose a tenth of a percent better than expected, but it wasn’t until the Philly Fed reading that spooked the market.  [...]