Stocks Reverse Ugly First-Hour Selloff, As Leading & Small Cap Stocks Lead The Way; Bulls Are In Full Control

February 20, 2007 | Leave a Comment

Early losses soon turned into gains, after a long three-day weekend, as investors bid stocks up on the back of plenty of good news. News of a deal between SIRI and XMSR, VMC acquiring FRK, Oil dropping 2.2%, and positive comments from Fed gov. Susan Blies was just what the market wanted to hear, as stocks closed at all-time and multi-year highs. Read more

Posted by Joshua Hayes | Filed Under Free Commentary 

Stock Indexes Erase Early Morning Losses, Rallying Into The Close, Closing Near Their Highs Of The Day

February 17, 2007 | Leave a Comment

Stocks fought off morning weakness, caused by a revenue warning from MSFT, and rallied the rest of the day to close flat and near the highs of the day. This bit of news from MSFT particularly hit the Nassy the hardest as MSFT represents 6% of this index. The strength in the indexes in the face of the selling in MSFT shares can only be seen as impressive. Many traders expected much worse, considering that the news came on top of a report showing Housing starts falling 14%. Read more

Posted by Joshua Hayes | Filed Under Free Commentary 

Major Stock Market Indexes Rise Across The Boards, With Leading Stocks Leading; Afternoon Selloff May Be A Tip-Off Of Impending Trend Change

February 8, 2007 | Leave a Comment

Stocks started the day off on the right foot, thanks to a good earnings report from CSCO and fantastic news that US productivity grew 3% in the most recent quarter. However, those steady gains were completely wiped out on the DJIA and the SP 500 in the afternoon. And even though the indexes clawed back to close green, that action was a bit troublesome. There was no news or reason for the selling. Some blamed oil, but the Nasdaq fell more on a percent basis and if oil was the reason the NYSE and SP 500 would have fallen by a larger percentage. Read more

Posted by Joshua Hayes | Filed Under Free Commentary 

Stocks Finish Green Across The Board, As The Fed Begins Its Two-Day FOMC Meeting; Crude Oil Jumps 5.5%.

January 30, 2007 | Leave a Comment

As is usual on a day where the Fed meets to decide interest rates, stock pretty much did nothing. However, the overall trend of the market is up and stocks followed the path of least resistance, closing green across the board. Even a gigantic jump in oil could not stop the market from throwing up positive gains.

At the closing bell, the SP 600 rose .7%, the SP 500 rallied .6%, the Nasdaq gained .3%, and the DJIA closed higher by .25%. Read more

Posted by Joshua Hayes | Filed Under Free Commentary 

Oil’s Collapse Helps Lift All Indexes On Higher Volume; Nassy Near Six-Year Highs.

January 12, 2007 | Leave a Comment

Stocks gapped up in the morning, held those levels, and rallied for the rest of the day on the back of another back-breaking decline in oil. This huge 4% drop in oil helped the entire market rally, on Thursday. Oil has now fell 15% in 2007.

At the close, with techs and small caps leading, the SP 600 gained 1.2%, the Nasdaq rallied 1% breaking out above the December highs, and the SP 500 and DJIA gained .6%. The DJIA also hit another all-time high.

Read more

Posted by Joshua Hayes | Filed Under Free Commentary 

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