Sloppy & Choppy, But Mostly Boring

Dow -36.87 at 18126.12, Nasdaq -8.62 at 5097.97, S&P -2.69 at 2120.78 Equity indices began the day in the red with after China’s Shanghai Composite tumbled 6.5% in reaction to more equity brokers increasing their margin requirements. Greece continues to act like a drunk walking in traffic and things went back and forth at the […]

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A Very Nice Recovery Day

The major averages enjoyed a daylong rally on Wednesday that helped the S&P (+0.9%) narrow its week-to-date decline to back to flat. Meanwhile, the Nasdaq (+1.5%) closed at a fresh record high (5,106.59) and turned its weekly decline into a 0.3% advance for the week. Health care was boosted by biotechnology with Biotech ETF (IBB […]

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A One Percent Day

It wasn’t a good start to the shortened week for the stock market.  Each of the major indices fell at least 1.0% as buyers proved to be a reluctant bunch.  That weakness started early and it continued for most of the day, which saw the S&P  flirt with testing support at its 50-day simple moving […]

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Charts & Beers

Here are some charts to peruse while you enjoy a cold libation on this Memorial Day. CHRS- Buy the 26 level ADXS- Over 24.50 FB watch for a break out of that bull flag around the 81.85 level. This market right now is “Still Slower Than Dial-Up” but there are great setups everywhere, you just […]

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Market Is Slower Than Dial-Up

The stock market experienced a range-bound Friday, which was a fitting end to a quiet week. The S&P 500 settled lower by 0.2% after spending the day in a six-point range while the Nasdaq (unch) outperformed slightly. For the week, the S&P 500 added 0.2% while the Nasdaq gained 0.8%. Nasdaq Composite +7.5% YTD Russell […]

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Never Short A Dull Market

Ahh the good old days, smoking Lucky’s during the 1920 Tour de France Never short a dull market. Well that’s what they say, and from my twenty five years of trading I’ve found it to be true…for the most part.  Folks think “well it stopped going up, so I guess its ready to go down”. […]

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Light Volume Light Action Day

The major averages ended the Tuesday session on an unchanged note after spending the entire day near their flat lines. The S&P settled lower by 0.1% while the Dow Jones (+0.1%) outperformed slightly, edging up to another record closing high. Overall, the Tuesday session was a snoozer that saw the S&P bounce inside a five-point […]

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Feels Higher To Me

The market kicked off the new trading week on an upbeat note. The Nasdaq led the way, climbing 0.6%, while the Dow Jones (+0.1%) and S&P (+0.3%) underperformed, but still registered new record closing highs at 18,298.88 and 2,129.20, respectively.  The  Biotechnology ETF (IBB 360.30, +4.69) advanced 1.3%, helping the Nasdaq climb. The Nasdaq does […]

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