Stocks put in a boring day of trading, volume tails off at the end of the trading session
At the open, traders were giddish with decent consumer spending and income numbers. Both came in higher than expected igniting the bulls at the open. Quickly fading, the euphoria of the morning wore off and stocks began to drift south. Stocks continued their path of directionless trading or as CNBC calls it […]
Markets reverse trend after 3pm to end higher
The Iran/Brittish sailor escapade continues to dominate headlines. Subsequently running oil to new highs and some fear to traders. Today, stocks just bounced around GDP number game in higher than expected giving stocks a boost this morning. Fear of backlash of the Iranian situation and renowned inflation fears started to wane on […]
Distribution day hits Wall St.
Today’s distribution day marks the first distribution day since our follow through. Media is blaming the Iran situation and housing. The marekts have been under distribution because there hasn’t been a significant pull back since the initial bull market in ‘03 began! Bernanke’s testimony did little for stocks as he commented that […]
Durable Goods and Iran weighing on stocks right now!
Volume is running heavier than yesterday in the first hour of trading. But, we’ll have to see how we finish up on the day.
Iran is really playing funny games. Not sure why they are testing the UK.
Selling has increased just a bit as I am writing this.
CASH IS KING
Aloha,
Chris
Stocks miss a distribution day and turn focus to Iran
Stocks finished without a distribution day, a bit positive for indexes that have not seen many accumulation days.
Stance still hasn’t changed, Cash is the best place.
I am WAY under the weather and apologize for not posting a more lengthy post. If you can post questions comments below!
Aloha,
MS
Stocks slide on lighter volume
More to come in the morning!
MS
Market slides on Consumer Confidence…
We have some volume here on the downside. The real question is if we get our brave dip buyers to stepup and support this thing!
Aloha
MS
marketspeculator@gmail.com
That loud noise was a collective snore from the peanut gallery, stocks have fury after Housing data while traders yawn into the close
Stocks awaited New Home sales this morning, a guage of the housing market. From the start stocks were flat to higher until just before 10am the housing report was least. Immediately a selloff incurred, showing how sensitive traders are to any potential slow down in any part of the economy. Only highlight […]
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