Flat As It Gets

Crude-oil prices climbed above $50 a barrel but failed to remain there, spurring declines in the materials and energy sectors.  Today was the second-lowest-volume day this year, ahead of a U.S. holiday weekend. That came after a very slow trading day yesterday.  But no one ever returned a profit because it was had on light volume. […]

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Turnaround Tuesday

Technology and financial stocks led the S&P 500 to its biggest gain in more than two months today.  All 10 sectors in the S&P rose, while U.S. government bonds and gold fell. Biotech demonstrated relative strength in the health care space as (IBB +6.01) gained 2.3% today, erasing its May loss. The U.S. Dollar Index (95.60, […]

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Listless

But when is it happening for the market?  This action doesn’t want to make you go “all in” either way, long or short. It just feels like we’re buying time until some kind of “event” happens, good or bad.  Is this market working up steam to summer rally or will we just see more of […]

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Market Action Still Heavy

Nasdaq Composite -5.9% YTD Russell 2000 -3.3% YTD S&P 500 -0.2% YTD Dow Jones +0.1% YTD Equities began their day lower as hawkish commentary from April’s FOMC minutes pressured global markets. The minutes indicated that a June rate hike remains in the realm of possibilities, so long as incoming data remains consistent with a projected […]

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Yesterday’s Gains Disappear

Today’s market The Dow Jones fell 180.73 points. The S&P dropped 19.45 points. The Nasdaq lost 59.73 points. Well today was interesting. We gave back all of yesterdays gains. I had an odd feeling that this could happen, but I didn’t want to be so bold as to make a prediction. Yesterday’s rally was thin […]

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Apple & Biotech Ruled the Roost

Some fed members getting ready for the June meeting Today was a very interesting market day on a few fronts. First off, biotech did well, as PFE made a bid for ANAC , all cash, at a 55% premium to Friday’s close. Yes, we were stopped on ANAC a couple of weeks ago. Barrons also […]

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