On Thursday,the market opened up and continued higher until 1:00 p.m., then price moved sideways and declined into the close. While the market did not finish the day strong, it did make significant gains. The Nasdaq Composite gained +74 points…
On Wednesday, the market opened down ahead of the Fed's policy statement on its bond-buying program. The Fed reported it would decrease bond buying by another $10 billion, after which the market hit a new daily low and closed down for the day. At the…
On Tuesday, the market etched a narrow-range, inside day. This was not surprising, as the BIGs are waiting on tomorrow's Fed meeting for guidance on the bond-buying program and interest rates. Today, the Nasdaq gained back +14 points (+0.35%) and the…
Tuesday, the market fell lower off the open and set a new daily low. During the noon hour, the market began a slow rise that ended around 3 pm. when it gave up most of the gains by day's end. The market closed in the lower half of the day's range…
Last week was a 4-day week due to MLK Day. Tuesday and Wednesday were largely unremarkable, but Thursday and Friday defined the week when the major market indices declined in an orderly, but severe sell off. Volume was heavy, a sign of institutional…
