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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The Market’s Fine….So Far

The worm hasn’t turned on the market yet. Granted some  sectors are showing bipolar behavior, but sectors always do their own thing anyway. Its always good to be defensive though when it the market keeps going sideways for too long. Consolidation can be good, but you just don’t know if its the prelude to what…

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Small Bounce, Market Hanging In There

Navy Seal hopes dashed Dow: +107.59… Nasdaq: +13.41… S&P: +11.34… Russell 2000 +9.5% YTD S&P 500 +6.7% YTD Dow Jones +6.2% YTD Nasdaq Composite +4.5% YTD Today was the lightest volume day of the year. The market ended its first session of the week on a high note, as markets rallied back from Friday’s Fed-driven…

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