Dovish Fed Helps Give Stocks A Big Boost, As Stocks Rise Across The Board.

February 1, 2007 | Leave a Comment

Investors were definitely happy to see the Fed leave rates unchanged–even though I am not sure what else they were expecting–and rewarded the stock market with gains across the board. The Fed stated that core pricing pressure subsided, which relieved inflation concerns, and stated that economic growth was firmer and the housing market has stabilized. These comments without a doubt contributed to the gains. Read more

Posted by Joshua Hayes | Filed Under Free Commentary

Stocks End The Day Mixed But Flat From Friday, After A Wild And Volatile Session.

January 29, 2007 | Leave a Comment

Stocks ended mixed, after a wild day of trading, as traders positioned themselves ahead of the Fed meeting. To me, it just showed that the bulls and bears are both being very stubborn here and are evenly matched.

At the close, the SP 600 was up .4%, the Nassy finished up .2%, the DJIA ticked higher by .03%, and the SP 500 diverged closing with a .1% loss. The IBD 100 finished up .4%, keeping pace with the SP 600.

Volume was lower on the Nasdaq and higher on the NYSE. The higher volume on the NYSE does not make today a distribution day because the index was not down .2%.
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Posted by Joshua Hayes | Filed Under Free Commentary

Nasdaq Suffers A Distribution Day, As Stocks Fall Across The Board; Big Caps Hold Ground.

January 18, 2007 | Leave a Comment

Stocks suffered a rough day, on Wednesday, as INTC’s pricing battle against AMD weighed heavily on the Nasdaq, with INTC selling off. A weak Fed beige book report and a stronger than expected PPI, more than likely, did not help either.

At the close, the Nasdaq led the way on the downside, falling .75%, the SP 600 and the SP 500 fell .1%, and the DJIA fell .05%. Today, unlike yesterday, the IBD 100 and leading stocks led to the downside, falling .8%. The IBD 85-85 fell .6%. Read more

Posted by Joshua Hayes | Filed Under Free Commentary