Financials Weigh Heavily on Stocks as the NASDAQ Rockets Higher
Big Cap stocks along with financials are weighing on the S&P 500, Industrials, and NYSE composite index. On the other side, the NASDAQ enjoyed gains throughout much of the day despite stumbling into the close. Crude oil closed slightly above $122 a barrel helping out stocks. However, the nasty action being seen on the large […]
Stocks Lose Gains on AP’s Release of Obama Winning the Nomination
Stocks failed to hold onto early gains when just after 1:30pmEST the Associated Press released a breaking news statement that Obama had sealed the Democratic Nomination. It was clear as day that traders were given a clear signal that Obama is not their guy. The move was solely on the news that Obama […]
Stocks Get Clipped by S&P’s Downgrade of Banks
Stocks stumbled from the start as Crude Oil prices pushed back towards $130 a barrel. However, it wasn’t until rumors start to swirl about Standard and Poors possible downgrade of a few large Wall Street Banks that had the downside picked up. First thing that came to mind was, aren’t they a wee bit late? […]
Volume Heats up As Stocks Show more Bulllish Signs
Volume jumped across the board Friday market the 3rd straight day worth of volume increases. Along with the volume increases we did see stocks move higher showing signs of accumulation. There is no doubt that the decline in oil prices eased the fears of traders on Wall Street helping fuel, pun intended the […]
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