NASDAQ confirms a new uptrend on big above average volume
Today’s action was precisely the action we have been waiting for as stocks exploded higher on big volume as leaders take charge.  Futures were pointing to a higher open prior to economic reports being released.  A slightly disappointing ADP employment report did dampen the mood a [...]

Super Light Trading, but Stocks End at Lows – Cash is still King
Following up on Friday’s gains the market gave a good chunk of the gains back.  The selling really began after the release of the Dallas Federal Reserve manufacturing index fell more than expected.  Although an improvement from last month’s reading the number disappointed [...]

A better than expected jobless claims figure did help ignite excitement in the early morning session.  But this excitement did not last for very long as buyers simply went to the wayside as GDP revision hangs over the market.  Volume ran lower throughout the day and ended about 10% lower across the board.  Selling did [...]

Another weak session with sellers dropping the hammer on stocks at the end of the trading session.  Existing home sales accelerated the selling after its release at 10am EST.  The report showed a drop of more than 27% month over month sales figures highlighting weakness in the housing market.  Without the government propping up the [...]

Traders were focusing on economic reports and it kicked off with jobless claims.  The market was dealt a blow with economists were expecting to see claims figures down 475,000, but claims rose to 500,000.  Futures reacted negatively, but the market was waiting on the Philly Fed index and leading indicators.  Stocks began to make a [...]