Today we saw another low-volume session that ended on an encouraging note.  Stocks initially started the session lower today, but once again we saw the bulls step in and buy the dips. Today the New York Federal Reserve Bank said its Empire State manufacturing index fell to 4.1 in September from 7.1 in August, defying [...]

What a way to kickoff a new month.  The Dow put August and its three-week losing streak in the rearview mirror and kicked off the month of September with a solid three-day rally. The Dow added 2.9% last week, and is back in positive territory for the year. How bad was August? When the month [...]

Wow, what a way to kick off a new month.  After a very rough August, investors were determined to get September off to a good start.  They didn’t waste anytime as the market opened solidly higher and held on to its gains the entire session.  It was upbeat economic data from China and Australia ahead [...]

The Dow Jones Industrial Average was in big trouble last week until it rallied back above the psychologically important level on Friday.  The Dow fell for the third week in a row.  We were in oversold territory but the market rallied on news that wasn’t good but wasn’t as bad as it could have been.  [...]

A somewhat lackluster market was revived in the final hour as buyers and a flurry of short-covering rallied the Dow above the key 10,000 level by the close. Early this morning we were primed for another sell-off after a report that new home sales had plummeted to an all-time low in July.  Sales for the [...]