Thursday, December 22, 2011 Stock Market Commentary: Stocks were quiet on Thursday as investors digested a slew of economic data and Italy’s senate approved their austerity plan. The benchmark S&P 500 index is on track to positively reverse (open lower but close higher) for the week (shown here) which is normally a bullish sign. However,…
Wednesday, December 21, 2011 Stock Market Commentary: Stocks ended mixed on Wednesday after the ECB lent nearly half a trillion dollars to European banks at very low rates and the latest round of U.S. home sales missed estimates. From our point of view, the market is back in a correction as the latest follow-through day…
Tuesday, December 20, 2011 Stock Market Commentary: Stocks rallied after the latest round of U.S. housing data topped estimates which bodes well for the ailing housing market. From our point of view, the market is back in a correction as the latest follow-through day (FTD) failed after the benchmark S&P 500 sliced below its 50…
Monday, December 19, 2011 Stock Market Commentary: Stocks fell as investors digested a slew of headlines from across the globe. From our point of view, the market is back in a correction as the latest follow-through day (FTD) failed after the benchmark S&P 500 sliced below its 50 DMA line. This is just another example…