Friday, April 04, 2013 Stock Market Commentary: The current rally is under pressure as distribution (institutional selling) spiked higher in the first week of the second quarter. The elevated distribution sent a slew of leading stocks and market indexes below their respective 50 DMA lines. Defense is paramount until the market can make its next move. So far,…
Friday, March 28, 2013 Stock Market Commentary: Stocks ended higher last week as Cyprus woes eased and stocks enjoyed their largest first quarter gain in years. So far the action in the major averages remains very strong as the number of distribution days (i.e. institutional selling) remains limited and the last pullback was shallow in size and…
Friday, March 22, 2013 Stock Market Commentary: Stocks ended slightly lower last week as Cyprus woes briefly hurt the riskon trade. So far the action in the major averages remains very strong as the number of distribution days remains limited and the last pullback was shallow in size and scope. The S&P 500 pulled back 2.9% after…
Friday, March 15, 2013 Stock Market Commentary: Not much changed last week as the riskon trade is alive and well as the major averages continue racing higher. The last pullback was shallow in size and scope. The S&P 500 pulled back 2.9% after the minutes from the Fed’s last meeting hinted that QE might end sooner than originally expected….