Huge Rally-2 New Longs

She shorted the lows on Friday Dow: +239.62… Nasdaq: +85.98… S&P: +31.23… What a turnaround indeed.  The market lost its bowels on Friday as it went out on the lows of the day, but today, after a sluggish open, managed a huge rally. A follow through day will be important for the bulls tomorrow, and…

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It Was Energy’s Day

Dow: -46.23… Nasdaq: -24.44… S&P: -4.86. We had another sluggish day on Wall St. with the exception of the energy sector.  After weeks of inventory builds, crude oil showed a drawdown of over 14 million barrels. Go figure. I think it was the largest drawdown ever. I’m sue the devil will be on the details…

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More Light Trading

Dow: -11.98… Nasdaq: +8.02… S&P: -0.33. A day of slight moves ended three consecutive sessions of gains for the S&P while the Nasdaq Composite Index extended a three-session rally to close at a fresh high. The market employed some caution ahead of tomorrow’s policy statement from the European Central Bank.  The central bank is scheduled…

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3 New Stocks

Dow: +46.16… Nasdaq: +26.01… S&P: +6.50. Energy companies led gains as oil prices rose. Expectations that underwhelming economic data would push the Federal Reserve to delay raising interest rates also drove action in the markets after data showed slowing in the service sector. The September rate hike seems to be all but off the table…

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Light Action, Not Much Movement

“I didn’t fail the test. I just found 100 ways to do it wrong.”-Ben Franklin Dow: -53.42… Nasdaq: -9.77… S&P: -5.18.. Markets look a little “roll-ee” here, but for the most part they continue to hang in there.  I’m just chalking it up to slow summer action. Things may not stay dull for long though,…

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