The market, and the bulls, lost a sizable amount of ground yesterday. On high volume the indices were devastated and no particular sector held up well. Energy and financials were crushed, and both

The market finally rallied yesterday. The past six weeks have been a slow push lower, but yesterday the bulls finally decided to come back into the market.  Volume levels were alright during the

The market stabilized yesterday as the indices finished flat after a rocky session. Volume was low again, which is par for the course now that we are fully into the summer doldrums.  The stability

The market was hacked again on Friday as volume swelled and stocks deflated. The decline concluded a week full of declines in the market. In fact, it also marked the sixth straight week of downward

The market was down again yesterday. And that marked the fifth straight day of declines for the indices. Volume was average as the bears dismantled the bulls.  Moreover, the market was actually up

The market was hit hard again yesterday. Volume raced higher as all major indices plunged at the open. Perhaps the worst (and most telling) aspect of the decline is that it occurred on no news.  News

The market was red hot Tuesday, obliterated Wednesday and asleep Thursday. Yesterday's activity was mild compared to the action earlier in the week, however volume levels were still decent. The mild session was to be expected after the big decline a few days ago. The hangover from that decline kept most bulls on the sideline yesterday. It was also unlikely that sellers would be able to takeover our key target of 1301 support on the first try. As a result, very little was accomplished by either group (bull or bear) yesterday. Although one small victory for the bears was to temporarily take oil prices below $100.

The market broke its winless streak yesterday as most major indices closed higher for the session. Volume was about the same as Tuesday’s level and the indices continued to consolidate near the 50

The market declined once again yesterday. While the total damage was miniscule, it was the third straight day of declines. Volume picked up a little as the SPX consolidated around its 50 day moving

The market bears were at it again yesterday. All indices, both domestic and abroad, collapsed. The decline was on low volume, but it was painful. No sector outside of healthcare was able to escape the

The market failed to accomplish anything last week. Volume was low, price movement was miniscule and SPX closed exactly at 1332 support. Meanwhile 1350, which is a long term resistance area we have

The market gradually climbed higher yesterday but with no real show of enthusiasm. Volume was also low and most indices were up less than one percent. Despite the rather bland session the market did

The market ripped higher yesterday led by tech and energy stocks. Volume was unimpressive during the rally that occurred amid no significant news. But no matter what reason the market had for going

The market declined yesterday, but only technology showed clear weakness. The fall from the other indices was a byproduct of the decline in tech stocks. Despite the big drop in technology, and the

The market activity was fairly tame last week. Volume was decent, but price movement was nonexistent. In fact, SPX stayed perfectly within its break out borders of 1355 and 1332. But this week should

More and more, strategists, commentators and investors are coming to the same conclusion: it's all about the U.S. dollar. When the dollar rallies, stocks and commodities sell off. When the dollar falls, then our favorite assets can rally.

 

It almost doesn't matter what the time-frame is. Evidence is mounting that even hourly moves for stock prices get their direction from the dollar's latest move.

The market ripped higher yesterday. Volume was average during the ascent which was led again by commodities and technology. The gain from the technology sector was especially good to see yesterday.

The market recovered modestly yesterday, on extremely low volume. The increase was assisted by commodity stocks, the most notable of which were oil stocks. But technology and small caps made strong

The market declined last week, which is it's first decline of over 1% in some time. Volume picked up, but not in a significant manor. The turn in the market happened to coincide with a turn in the

The market actually closed lower again yesterday. At this rate, the market may even close down for the week, which is an uncommon event. Volume also picked up yesterday, which given the weak close,

The market actually closed lower again yesterday. Although neither volume nor the percent of decline was substantial, SPX has struggled mightily against 1377 resistance. Additionally, which I also

The market climbed higher at the open yesterday, but indices could not hold that gain by the end of the day. Monday's session was actually more bearish than it looked as small caps and energy stocks

The market jacked higher yesterday. The indices were boosted by superb earnings results, mostly technology earnings from stalwarts like Intel (Nasdaq: INTC) IBM (NYSE: IBM) and VMware (Nasdaq: VMW)

The market tumbled out of the gate yesterday and volume was elevated. Additionally, the rampant selling impacted nearly all asset classes and sectors. Notable exceptions were the dollar and precious

The market sank barely less than 1% in a choppy environment last week. Volume was also surprisingly low considering it was both options expiration week and the start of earnings season. Although

The market rallied, rather unconvincingly, after JPMorgan (NYSE: JPM) blew away analyst estimates. As noted in the morning alert on Wednesday, JPM reported 70% EPS growth, but noted a decline to

The market reversed early gains yesterday morning to close mostly lower. Volume was fairly light except in the Nasdaq, which had heavier volume as a result of a technology sector downgrade. SPX made

The market continued its sideways move yesterday and banged-up against 1335 resistance for most of the session. Over the past five sessions the market has been stuck in a small range and trading on

The market continued its sideways move yesterday and banged-up against 1335 resistance for most of the afternoon. Over the past three sessions the market has been stuck in a four point range and

The market once again ran higher last week and the bulls made another step towards new highs. Buyers were able to push the indices towards the final areas resistance protecting the previous rally

The market exploded higher yesterday. Nothing can stop the bulls, it's almost like North Africa, Japan and the Middle East does not exist.  Of course, we know better. And we also know that earnings

The market turned lower yesterday, then for absolutely no reason, other than unabashed optimism from the bulls, the market jacked higher and erased all losses. Yesterday's swift turnaround is a

The market continued lower yesterday as resistance levels across the board held. Volume was once again lower as market participates try to decide which direction the indices want to push. Curiously

The  market moved lower last week, and volume increased dramatically. Of course, the fears of a nuclear meltdown in Japan and the constant social tension in North Africa were mostly to blame.

In the face of such a bearish onslaught why did we go long (and not short) Wednesday afternoon.

The market in the U.S. declined yesterday, but the selling could have been worse. The indices declined a little over 1% at a 4 to 1 decline to advance pace. Volume was also high and it will remain

The market is going to get weirder before its back to normal. Yesterday the SPX closed below 1301 support, which indicated it wanted to move lower today. The Nasdaq fought its way back to 2700

The market turned lower last week and volume was heightened on all major exchanges. The bears still dominate the short term trend, something we have been attuned to since February 24, but the bulls

The market grinded lower yesterday, but most of the descent took place in the opening five minutes. Then the market moved laterally on noticeably smaller volume for the remainder of the session.

The market closed down again, but the selling was less decisive. The indices had spurts of positive trading during the day as well. Energy stocks sold in late day trade as oil prices declined from

The market notched more gains last week as the indices roared higher. Most of the major indices closed the week at new highs, and despite overbought conditions, showed no signs of turning. While the

The market oozed higher yesterday on meaningless volume. Although to the bulls credit, the positive session yesterday occurred despite a miss from: CPI, core CPI, initial claims, continuing claims

The market moved higher again yesterday. It seems like every morning article begins this way, and each likely has for the the past five months. The rally which began in August has slowly moved higher

The market edged lower, but once again buyers prevented the declines from collapse. Banks and energy showed weakness in today's session - and both sectors look ready for more declines.  Despite my

The market lost some momentum midday as the indices could not hold onto morning gains. Volume was lower today as traders sold worse than expected PPI news. Strangely, both stocks and the dollar

The market hit new highs as the buyers kept the gravy train running smoothly. Volume was good today and financials and energy both rebounded after dismal showings on Tuesday afternoon. Investors

The market declined last week, but those losses were contained to under 1%. Heading into last week I expected a pullback with a maximum decline to 1155. The SPX only fell as low as 1175 support

The market pulled back last week as we expected it would, although financials also declined, which was unexpected. We picked up two new positions on Friday, one of which was shares of XLF as they