The Dow Jones Industrial Average managed to finish in the black last week, barely. The Dow fought back Friday afternoon to close just above the 11,200 level.  The SPX closed right at resistance and though this week is a short one, it could provide a clue as to market direction into the end of the [...]

It couldn’t last forever and this pat week the market finally ran out of gas and rolled over a bit.  September and October were tremendous for the bulls, but after we fought back above the 11,400 level, things quickly turned. A combination of events overseas, some earnings misses, the G20 Summit and just overall market [...]

The Dow Jones Industrial Average and the other major indexes managed to lock in solid gains during the month of October, despite a lack of action last week as traders chose to wait until the mid-term elections and possible Fed stimulus this week pass. Basically we spent the week in a wait and see pattern [...]

Stocks traded lower today, as rumors of a milder-than-expected economic intervention by the Federal Reserve made the rounds. The Wall Street Journal reported that Fed officials next week are likely to unveil a plan to buy “a few hundred billion dollars” in government bonds over the course of three months.  Sounds like a lot, but [...]

The bulls wrestled back control of the markets today after yesterday’ s sell-off. However, we haven’ t made much movement this week and we are still trading in this consolidation range of 1064-1082 on the SPX. Corporate earnings have been solid for the most part but until we get the overseas markets to play along [...]