December 2013

Market Ends Flat on Low Volume

Charles Schaap

Monday was a listless day for the market. Volume was lower than average, and market lacked any real direction; it meandered its way through the day and ended relatively flat. Advancers and decliners were about even, and up volume versus down volume…

Friday's Sell Day a Concern

Charles Schaap

Last week was a shortened trading week (3 1/2 days) due to the Christmas holiday. The Nasdaq gained +1.26%, the S&P rose +1.27%, and the Dow performed best with a +1.59% advance. Volume for the week was below average. It is more difficult to assess…

Durable Goods Surprise Leads Market Higher

Charles Schaap

On Tuesday, the market closed early (1:00 p.m.) ahead of the Christmas holiday, and volume was below average. The market opened flat, but it crept up during the day and closed at the highs of the day in narrow range trading. The S&P and Nasdaq have…

Market Still in Rally Mode

Charles Schaap

On Monday, the market opened up and traded sideways in a narrow range day, adding to Friday's advance. The Nasdaq gained +44 points (+1.08%) and made another new high. The S&P climbed +9 points (+.53%) and the Dow closed up +73 points (+0.45%); both…

Market In Rally Mode

Charles Schaap

Last week the market ended 12 days of weak, rangy price action and set new all time highs. The strong price action began on Wednesday with the Feds report on interest rates and its bond-buying program. If nothing else, the Fed provided more certainty…