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.  [...]

Written by Dan Micovic Stocks have had a rough start this week and today’s economic reports didn’t do much to boost investor confidence. The Commerce Department reported a bleak note on housing, as sales of new single-family homes plummeted 33% in May to tag their lowest level on record. The results were even more depressing [...]

Written by Dan Micovic The Dow Jones Industrial Average (DJIA) managed to close higher for the second consecutive week and the S&P 500 Index (SPX) finished the week above 1,100 for the first time since mid-May.   This despite a downgrade of Greece’s debt to junk status, the steepest monthly drop in home construction in decades, [...]

Written by Dan Micovic We saw some great achievements by the market this week.  On the first day of the week (and month), the Dow Jones Industrial Average cracked the 10,400 mark for only the second time since Jan. 20. On Thursday, the Dow closed in positive territory for the year. On the final day [...]