Heading into this expiration week we find the Dow back to negative for 2010 after a rough week. Last week we heard the dreaded talk of a double-dip, corporate reports weren’t as impressive as when the earnings season started, employment remained weak and from overseas we got reports of stagnating economies. As a [...]

Written by Dan Micovic
Look out below!!  The market nose-dived today in what could be a multiple day sell-off.  After the close, Cisco Systems reported disappointing earnings and forecast and the futures dropped quickly afterwards.
The market seemed to take the Fed Announcement in stride yesterday, but after the Bank of England announced similar conditions and couple [...]

Written by Dan Micovic
Despite Friday’s sour job report, the Dow Jones Industrial Average tacked on nearly 2% for the week and Friday’s late rally indicated that the bulls aren’t ready to give up on this rally just yet.  One important but often overlooked index, the VIX, wrapped up the week with a loss of 7.5%, [...]

Written by Dan Micovic
The market put in another solid, workman-like effort today buoyed by an upbeat ADP report.  The reported noted that private-sector employers added 42,000 new jobs in July, outpacing analysts’ expectations. Also today the Institute for Supply Management (ISM) stated that its non-manufacturing index improved to 54.3% in July, versus expectations of a [...]

Written by Dan Micovic
A somewhat of a boring week but one that could prove very beneficial in the months to come.  The Dow Jones gained 7.1% during the month of July, which was its biggest monthly gain in a year.  We needed the market to digest the move so consolidation was to be expected and [...]