Categories: Gary's blogging, market close, market open, midday post, Special Post
Closing Market Commentary For 05-17-2013New historical and inter-year highs were made late in the session proving the old bull still had the 'stuff'.Markets closed out Friday's session on a high note and the news of this 'unbelievable' bull market sh…
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Midday Market Commentary For 05-17-2013
Markets at noon look just like yesterday's – sideways, low volume and no direction. I will say this though, it is going to take a serious 'Black Swan' to blow this bull train off the tracks and when it does, don't…
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Opening Market Commentary For 05-17-2013
Premarkets were up +0.30% without any US financial reporting this morning.
Markets opened up as expected and moved up to +0.50% in the first several minutes as volume started to fall from moderate to low. Sever…
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Closing Market Commentary For 05-16-2013Markets closed down on moderate red volume with some 'BTFDing' going on, although it seems the dippers are not so confident as that have been. Not a lot to add here as the markets were relatively quiet up to an h…
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Midday Market Commentary For 05-16-2013
The averages tried unsuccessfully to plow ahead this morning and have instead backed off recent highs to a more sedate, anemic volume, slide back to 'flat' status. The small caps have remained in the green all mor…
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Opening Market Commentary For 05-16-2013Interesting session so far this morning. The premarkets were down early on with the small caps edging up.The markets opened flat and mixed with the DOW and $SPX falling and the small caps setting new inter-year…
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Closing Market Commentary For 05-15-2013Looking more and more like a reactionary market and short covering appears to be the BIG driving force today say several analysts. Analysis in our office are not saying much to take side with either the bulls or…
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Midday Market Commentary For 05-15-2013
Noon time showed what the bears have been afraid of and that is a rising market. The Energizer Bunny Market just keeps on going with the large caps in the lead. Volume is low to moderate and a lot of profit taking…
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Opening Market Commentary For 05-15-2013
Premarkets were down a 'tad' (-0.05%) for most of the pre-trade crowd until the financial reports started to come in at 8:30 am where SPY eased down to -0.20% because of the 'not so good' reporting.
The markets…
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Closing Market Commentary For 05-14-2013Markets continued the melt-up with pausing spurts for most of the afternoon session as the SP500 futures continued to edge up after the close.The markets did close up but with many investors with serious doubts…
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Midday Market Commentary For 05-14-2013
By noon the DOW, SP500, SPR, $RUT and several others have made new historical highs on low to moderate volume. I would have thought if this was such a bull market we would start to see much heavier volume to comme…
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Opening Market Commentary For 05-14-2013
Premarkets were mostly flat and churning around yesterday's closing numbers and not giving investors any glimpse into today's session's future.
Markets opened flat on moderate volume and quickly moved up +0.25%.…
more »Closing Market Commentary For 05-13-2013The gap for the DOW remains open from this morning and most likely will be closed tomorrow. Although the markets are mostly flat and mixed, they did surprisingly well recovering from the opening plummet this morn…
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Midday Market Commentary For 05-13-2013
The SP500 Closed its gap but the DOW is lagging. The small caps have registered new highs closing the gaps that were made this morning. This is a market where sitting on your hands might not be a bad idea. We are…
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Opening Market Commentary For 05-13-2013
Markets opened sharply down leaving gaps. The DOW and the SP500 both left gaps and that is unheard of with the DOW. The bottom line here is investors can be assured that the gaps will be fill before the markets m…
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Closing Market Commentary For 05-10-2013Markets closed up, but below yesterday's session. The $VIX is at its lowest point in 2 months at 12.59 and volume was anemic for most of the session. At the 3:30 mark there was a large spike of red volume which d…
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Midday Market Commentary For 05-10-2013
By noon the averages began to creep below the morning lows and just above yesterday's lows all on low volume. Where are the HFT computers to drive them back up when you need them?
The averages remain flat, mixed…
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Opening Market Commentary For 05-10-2013
Friday's premarket was up +0.05 for the most part mostly a carry over from yesterday's late afternoon rise.
The markets opened flat, mixed and directionless on low volume. By the 15 minute mark the averages had…
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Closing Market Commentary For 05-09-2013About 1:30 the indices broke out above the earlier high level and started to melt up on ridiculously low volume setting new historical highs in the process. But by 2:30 red volume began to rise and the averages s…
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Midday Market Commentary For 05-09-2013By noon the markets have nowhere except sideways on falling volume. Investors are skittish about what Mr. Market is going to do next. Although the current wisdom appears to be bullish, it remains to be seen if the…
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Opening Market Commentary For 05-09-2013Past couple of sessions were not for the feint of heart just as this one start out. Premarkets were down and at the opening the averages started melting up to yesterday's highs. Just about when you thought the ma…
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Closing Market Commentary For 05-08-2013What a scary market with bull and bear traps and eventually melting up to new highs on very low volume.Markets closed mostly in the green and what I would call flat and one notch above lackluster status. This m…
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Midday Market Commentary For 05-08-2013
By noon the averages continuing their melt up on the usual falling volume setting new historical highs as they go. Where it will stop nobody knows. This looks phony and it is no wonder investors are sitting on the…
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Opening Market Commentary For 05-08-2013
Premarkets were down about 0.10% this morning with sparse World news to contribute to moving the averages.
Markets opened down as projected by the futures but by the 15 minute mark started to melt upwards with s…
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Closing Market Commentary For 05-07-2013Dow closes above 15,000 for the first time and the SP500 sets a new high. Volume today is not convincing of a continued bull run with many investors wondering what Mr. Market has in store tomorrow. Any bad news c…
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Midday Market Commentary For 05-07-2013
The averages have retained most of the gains made today with the small caps trailing suggesting to investors that this session rise is a giant leap of faith.
By noon the volume was falling off with some serious s…
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Opening Market Commentary For 05-07-2013
Premarkets were surprising up this morning about 0.25%. There wasn't a scrap of good news anywhere as the French industrial production came in considerably lower than expected, the Euro is falling apart and the U…
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Closing Market Commentary For 05-06-2013Slow day, indices held highs on low volume. Basically means those that bought in on Friday are not selling – yet. Hate to be so pessimistic, but this artificial prop up by Dr. Ben and Company looks more and more…
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Midday Market Commentary For 05-06-2013
By noon the averages were starting to melt up to the previous highs on Friday as volume dried up speculating the HFT computers were doing their thing.
News is lacking today and suspect we will not see much action…
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Opening Market Commentary For 05-06-2013
Premarkets were flat this morning as not much happened over the weekend in Europe. The problems in the EU and the issues in Cyprus are still there and the bulls have run out of money – for the day anyway.
Market…
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Closing Market Commentary For 05-03-2013A lot of gaps were made in today's meteoric rise and that almost insures a retrace to the 1586 level for the SP500 in the sessions to come. The question is, 'Do you feel lucky' in your guesswork?Markets closed…
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Midday Market Commentary For 05-03-2013
Markets puled off a yesterday by climbing to new highs and then coasting sideways. Volume has fallen off to near anemic levels and suggests that the HFT computers will at least keep the averages where that are now…
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Opening Market Commentary For 05-03-2013
Sometimes you guess wrong as I thought this morning would be down. This morning premarket SPY was up +0.75% which I believe is the highest starting point this year. Yesterday I mentioned that none of the traders…
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Closing Market Commentary For 05-02-2013Interesting the SP500 could not rise above 1598 and after 3 tries decided to call it a day – maybe tomorrow will be the 'day of the bull'.Markets closed up near the highs of the day, but I doubt the will be a p…
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Midday Market Commentary For 05-02-2013
Markets muddled along until the volume dropped to its low of the day and then the HFT computers started melting the number back up close to previous historic highs. Although within rock trowing distance of the maj…
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Opening Market Commentary For 05-02-2013Premarkets were up nicely (+0.55%) and started to to melt down around 8:40 to where SPY was at +0.21%. The US and EUR financial reports this morning were good and ECB's Draghi didn't have anything really negative…
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Closing Market Commentary For 05-01-2013According to news sources the afternoon market decline was because of a steep selloff in energy futures taking them down more than 3%. Most bearish investors believe it was an excuse waiting to happen and most li…
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Midday Market Commentary For 05-01-2013
By noon the averages have settled into a sideways tug-o-war between the bulls and bears after falling to yesterday's midday level. Volume is light to moderate and little news to dictate any direction.
The big qu…
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Opening Market Commentary For 05-01-2013Premarkets were in the green (+0.05%) and slowly drifted down towards the opening bell. The 8:55 am US April PMI Manufacturing fell to 52.1 from 54.6 in March, while expecting 52.0. The markets opened flat with t…
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Closing Market Commentary For 04-30-2013I think Mr. Market is playing with us as today's session was not exactly a confirmation day of any sort. We have not tested the previous historical highs although the small caps gained a little bit on the highs t…
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Midday Market Commentary For 04-30-2013Mostly due to HFT algo computers the averages melted up from the morning lows to numbers that were averaging 0.07% higher that the opening. In other words the markets suck today as volume hit anemic levels and hea…
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Opening Market Commentary For 04-30-2013Premarkets were gyrating up and down from yesterday's closing prices leaving most investors scratching their heads.Markets barely opened in the green with the DOW down 12 points on low volume. By the 15 minute…
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Closing Market Commentary For 04-29-2013Volume picked up towards the closing bell with the bears squeaking in for the win of the tug-o-war. Indices eased back from afternoon highs but will most likely try to test the previous highs as has been expected…
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Opening Market Commentary For 04-29-2013As expected the markets have melted up on falling volume while the small caps have led the way in newer highs.By noon the averages were enjoying the melt up with an occasional burst of green volume as the 'dipp…
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Opening Market Commentary For 04-29-2013Premarkets were up and then declined with the 'not so good' financial reports at 8:30. At 10 am the US pending home sales was down (graph below) and the premarkets showed a slip dip.At the opening the averages…
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Closing Market Commentary For 04-26-2013Markets melted up since 1 pm on low volume and during the last 10 minutes red volume picked up a bit as profit takers decided not wait over the weekend.Not a human investor in sight as the HFT computers jacked…
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Midday Market Commentary For 04-26-2013
Markets melted down further after a seemingly bullish reprieve earlier. Gaps left after markets advanced 2 sessions ago were closed including an important one on the SP500 at 1578.27. This clears the way for more…
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Opening Market Commentary For 04-26-2013
Premarkets were down +0.25% and didn't react to the less than good GDP numbers of 2.5% down from 4.0% and less than the 3.0% expected.
Interestingly the markets opened down -0.10% and quickly started to melt up…
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Midday Market Commentary For 04-25-2013
Markets continued the melt up and filled in the most glaring gaps made on previous declines. Many previous historical highs are also within rock throwing distance setting up a possible scenario of a real correctio…
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Opening Market Commentary For 04-25-2013
Premarkets were up in the +0.50% to the German DAX at +0.75. After the report of US initial jobs claims falling the futures eased up further and then rolled back to the earlier numbers.
Markets opened in the gr…
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Closing Market Commentary For 04-24-2013Large caps took it on the chin today while the rest of the averages remained flat and generally lackluster. Trading was sideways for the most part and ended up just about where everything started out this morning…
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Midday Market Commentary For 04-24-2013
The indices moved mostly higher over the three previous sessions. Today the averages are turning in a lackluster performance in early trading on Wednesday and into the afternoon session. The major averages have be…
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Opening Market Commentary For 04-24-2013Premarkets were flat prior to the US durable goods report at 8:30 am. The financial report wasn't good and the futures melted down just a 'tad' again providing little market direction for the opening.Markets op…
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Closing Market Commentary For 04-23-2013Today's 2 minute flash crash at ~1:08 this afternoon was caused by hacking the AP twitter account and broadcasting a false tweet that the US President has been injured in a White House explosion. The DOW lost all…
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Midday Market Commentary For 04-23-2013
Several comments made by financial analysts this week indicate this latest market action looks more like a market top than anything else. I agree, but a test of the previous highs is in order I think. Hard to imag…
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Opening Market Commentary For 04-23-2013
Premarkets were up +0.20% and lately that hasn't meant much in direction. Most direction has been because of the melting process dirived from the HFT computers especially when volumes are low.
Markets opened by…
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Closing Market Commentary For 04-22-2013
Markets had a nice long meltup today, mostly on low volume. Unless the news in the morning is especially bad, we should see a continuation of this market runup.
Markets closed in the +0.50% to 1.00% markup with…
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Midday Market Commentary For 04-22-2013
A market 'dippy-do' occurred earlier and the averages bounced back to opening numbers, but the market weakness is abound and investors know it. Volume has fallen off to very low levels with occasional spurts of BT…
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Opening Market Commentary For 04-22-2013Premarkets were up +0.30 at 8 am and started to trend down by 9 am. The USD Chicago Fed Nat Activity Index (MAR), rated medium in importance, fell from 0.76 to -0.23 while analysts were expecting 0.35 and that so…
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Closing Market Commentary For 04-19-2013Markets closed up 0.70% to 1.25% with the DOW trailing at +0.07%. Moderate volume during the last half hour with significant profit taking during the last 10 minutes carrying over to the after market crowd.No n…
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Midday Market Commentary For 04-19-2013
Volume has fallen to a trickle as the HFT computers melt the averages upward.
By noon the indices had reached a pinnacle where it appears they are resting for what we do not know. The trading is moving sideways a…
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Opening Market Commentary For 04-19-2013Premarket was up +0.40% as suspected it would be yesterday afternoon, but as we approached the opening bell it started to melt down. There is no US financial news today as we enter the weekend and anything coming…
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Closing Market Commentary For 04-18-2013It wasn't a good sign when the SP500 dipped below the 1540 line and all traders eyes were on the charts whispering what Mr. Market would do next. About that time the BTFD 'dippers' saved the day and melted the ma…
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Midday Market Commentary For 04-18-2013
By 11 am the market got tired and started to melt towards the morning lows on falling volume.
By 12:30 the averages were trading is a sideways fashion in a narrow range and not much news to direct the markets on…
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Opening Market Commentary For 04-18-2013
Premarkets were up slightly from yesterday's close but no real hint of direction for today's session. 8:30 am Financial's were ignored by the premarket crowd and the markets opened flat, in the green on anemic vo…
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Closing Market Commentary For 04-17-2013The Beige Book says everything is O.K., slow but O.K. And the markets did absolutely NOTHING. That should tell you something. The large gap the midcap S&P 400 closed a significant gap made on 3-5-13 suggestin…
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Midday Market Commentary For 04-17-2013
Markets checked their slide about 11 am at an interesting point. The support of the SP500 is about 1550 to 1544 and it is substantial. If one is to support the bears we would have to see this support broken and it…
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Opening Market Commentary For 04-17-2013
Premarkets were down -0.50% to 1.00% leaving investors scratching their heads after yesterday's meteoric rise and wondering what will happen today.
The markets did open lower as expected and within 5 minutes sta…
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Closing Market Commentary For 04-16-2013Markets closed up significantly and most importantly the SP500 closed above the 1571 / 73 area indicating that we will have anther try for the recent highs. I suspected yesterday's decline was going to become a b…
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Midday Market Commentary For 04-16-2013The markets opened high and remained in a very tight trading band until close to 12 when there was a slight melting up on low volume now being contributed to the HFT algo computers. The mess in Cyprus, Eurozone, C…
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Opening Market Commentary For 04-16-2013Premarkets were up 0.50% as I 'guessed' they would be yesterday afternoon. I wrote, “if you jumped in prior to the close today, you might do well tomorrow. But don't get greedy”. That would have made a nice scalp…
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Closing Market Commentary For 04-15-2013Markets closed down some 2% to 3% and that folks is a lot. This could be a simple correction or it could be the canary in the coal mine. Not much to say at this point as I have said it all along that this casin…
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Midday Market Commentary For 04-15-2013
By noon the markets have decided that it is going to be a down day. The SP500 support at 1575 - 73 was broken but until it goes below 1570 I do not believe the bulls have anything to worry about. There is some mod…
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Opening Market Commentary For 04-15-2013
Premarkets were down some say as a surprise of a slowdown in the Chinese economic growth.
Markets opened down as expected (-0.60% to 0.70%) and slowly continued to melt lower with the $RUT leading the way at -1.…
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Closing Market Commentary For 04-12-2013Markets closed down but above morning lows thanks to the HFT algo computers. Most investors sat on their hands today worried about the weak economics in the US, Cyprus and the Eurozone in general. By 4 pm volum…
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Midday Market Commentary For 04-12-2013A down day for sure, but don't count out the HFT computers in melting the averages higher later today. Then there the ever present BTFD “dippers' jumping in which has been proved to be a viable strategy over the p…
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Opening Market Commentary For 04-12-2013Premarket numbers were down 20% to 30% depending who you received you information. Not surprisingly (sarcasm), the futures recovered some after the disastrous report on the Advanced Retail Sales and other financi…
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Closing Market Commentary For 04-11-2013Markets were generally quiet after posting new historical highs this morning. Volume has been on the low to moderate side and not reminiscent of a raging bull market. The lack of investor participation, reflected…
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Midday Market Commentary For 04-11-2013By noon time the markets had peaked and were slowly drifting down, maybe it is just a breather. The volume levels remained in the moderate zone for most of the morning but have fallen to the sessions lowest lev…
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Opening Market Commentary For 04-11-2013Premarkets were flat with the NASDAQ down 0.22%. By the time the markets opened it was clear the bulls were still partying as the averages melted up to newer historical highs on moderate volume.By 10 am the ind…
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Closing Market Commentary For 04-10-2013
Low volume and the HFT tried to push the averages higher but bursts of profit taking kept that from happening.
I said yesterday if the SP500 would go above yesterday's red line in the chart AND stay there, it wo…
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Midday Market Commentary For 04-10-2013
Very strong market place today as the major averages climbed unabated on moderate volume. As the volume fell to normal low readings the indices started to level out with only a hint of climbing higher.
The big qu…
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Opening Market Commentary For 04-10-2013
Premarkets were up early this morning and mostly fluctuated from flat to 0.30% until the opening.
Markets opened up and strong and by 10:30 new highs were made with no decline in sight.
This is a short morning…
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Closing Market Commentary For 04-09-2013New highs were made by the DOW and the SP500 this afternoon, but do you really believe it means anything about the continuing bull run? By the time the markets closed the trend was down having failed to hold ab…
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Midday Market Commentary For 04-09-2013The markets continued to bounce back and forth but remaining in the flat zone all morning. Some selling, some buying and no direction.By noon the decision to go play a round of golf was getting more attention ar…
more »Opening Market Commentary For 04-09-2013Premarket SP500 futures were up +0.25 and started to melt down from there. The markets opened up and within minutes a downtrend began putting most of the major indices into the red. By 10 they were back into the…
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Closing Market Commentary For 04-08-2013Markets closed up on falling volume with spurts of green. Mostly by HFT algo pump and dump computers and does not reflect a growing number of new investors.Worries about Cyprus, the European Union, US employmen…
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Midday Market Commentary For 04-08-2013
Markets have settled into a blah sideways trend on anemic volume. Trading in a range best described as Friday's close, the averages were doing very little by the noon hour.
Investors sit and wait for news, any n…
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Opening Market Commentary For 04-08-2013Premarkets started out higher (SP500 +5.50) and by the opening melted down. Today appears to be starting off slow and on anemic volume when the markets opened.The small caps were up and the large caps were in t…
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Closing Market Commentary For 04-05-2013Markets recovered ¾ of this morning losses primarily due to HFT computer action in melting the markets back up. Volume has been mostly low with occasional spurts to moderate. I wouldn't ask anyone to make a gue…
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Midday Market Commentary For 04-05-2013
Markets continue to churn on low volume and slide sideways. Action may be over for today as the HFT computers do their thing. Most human investors are sitting on the sidelines waiting for the other 'shoe' to drop.…
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Opening Market Commentary For 04-05-2013The 8 am premarket was down with the SP500 off 9 points which immediately made me wonder (again) who is getting advance notice of the US financial reporting. Then at 8:30 when the NFP turned in a really bad repor…
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Closing Market Commentary For 04-04-2013After our midday report the markets dried up, volume wise, and went to the 'dark side'. Although never going on further than just being flat it had investors worried about the coming sessions, fallout from Cyprus…
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Midday Market Commentary For 04-04-2013
Although volume has been a tiny bit better than some past sessions the sea-saw market action this morning leaves little to be desired by any trader I know. Just about the time it 'appears' the market direction is…
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Opening Market Commentary For 04-04-2013The SP500 futures were up to 1556 early this morning only to start melting down after the big miss in the initial jobs and continuing claims. At the opening bell the averages were mixed and flat with the small ca…
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Closing Market Commentary For 04-03-2013Today the sky really started to fall. Except for a brief moment in time the averages were up at the opening bell. From there EVERYTHING went to hell in a hand basket. Well, sorta. It was a down day, not a waterfa…
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Midday Market Commentary For 04-03-2013
Markets continued to move down during the morning session following disappointing US financial reporting this morning. Low to moderate volume continues to give credence to a weaker than expected market place.
By…
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Opening Market Commentary For 04-03-2013Premarkets were up +0.10 earlier and dropped to even just prior to the opening. The suspected decline was due to the fact that private employers only added 158 K down from February's gain of 237 K.Markets opene…
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Closing Market Commentary For 04-02-2013
Markets sailed along nicely at elevated levels until 2 pm when weakness slipped in and started melting the averages down. By 3:45 volume picked up slightly and a recovery, of sorts, pulled the numbers back up – s…
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Midday Market Commentary For 04-02-2013
Markets continue to post high marks as they stay solidly in the green although the volume has fallen to anemic levels.
That is a bit worrying as usually new highs call in the 'sheeples' to push it even higher. My…
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Opening Market Commentary For 04-02-2013
Premarkets were up fractionally indicating a gap up for the cash crowd. Oil, copper and gold were all down significantly and remained there until after 10 am.
The markets opened up as expected and somewhat of a…
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Midday Market Commentary For 04-01-2013
Gary is on special assignment for the rest of the day. From Yahoo Finance:
Equities remain near their early lows with the S&P 500 off by 0.5%. As the broader market trades in the red, nine of 10 S&P 50…
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Opening Market Commentary For 04-01-2013
Premarkets began flat early this morning in light of light news. By 9:15 the futures were off, but still flat mostly because of the US Markit Purchasing Manager Index showing a downward revision to 54.6 from…
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Gary will return on Monday.
more »Closing Market Commentary For 03-28-2013New highs were made as the SP500 gained 0.04% and the DOW rose 51 points to capture the best 1st quarter sense 1998 as volume fell – what gives? Tomorrow is closed and for those who are long let's hope the weeken…
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Midday Market Commentary For 03-28-2013
What a difference an hour can have. The averages were headed fro a directionless, flat and generally uninspiring session and 'somehow' the markets melt up to new highs.
By noon the DOW and SP500 had backed off th…
more »Opening Market Commentary For 03-28-2013
Premarkets were up very slightly (+0.10), Cyprus was quiet and the last day of the week appears to be a subdued one. As one analysts put it, “Yes, if you’re reading this you are likely an addict. With the market…
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Midday Market Commentary For 03-27-2013Markets closed mostly mixed and flat. As I mentioned this morning there was a high probability of a market melting up to cover the many, many gaps made when the Indices opened this morning.Today's volume was lig…
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Midday Market Commentary For 03-27-2013Markets remain in the red, but have recovered nicely from the opening session lows. The Gaps in the DOW mentioned earlier have been closed as suggested they would and have gone on to melt even higher which at this…
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Opening Market Commentary For 03-xx-2013Premarkets were down -0.60 at 8 am, but little could be gleaned from available news. So many times in the past the premarket has been down and the averages ended moving up later in the session. This market place…
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Closing Market Commentary For 03-26-2013Markets melted up to previous highs and stopped, disgustingly on low volume. Who out there believes this isn't manipulation buy the HFT algo computers and DaBoyz?The party is nearly over folks, collect your per…
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Midday Market Commentary For 03-26-2013
Volume is very light as the HFT algo computers jerk the numbers around. Trading has been in tight narrow range since the opening bell this morning and remains directionless. The reporting financial numbers this mo…
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Opening Market Commentary For 03-26-2013Markets opened up slightly from yesterday's close and continued to melt up for the first 15 minutes on very low volume with several bursts of green volume. Appearances can be deceiving, but in light of the anemic…
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Closing Market Commentary For 03-25-2013Markets closed down, mostly sideways since noon on low to moderate volume and generally directionless. There was a lot of back and forth within a narrow range as the averages stayed below the green line but never…
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Midday Market Commentary For 03-25-2013
Some good news and some bad news. First, the gaps made this morning have been covered so more upside can happen, that is the good news. The bad news is that more gaps, significant ones, remain below current market…
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Opening Market Commentary For 03-25-2013
Premarkets were up as expected as Cyprus bailout terms have been accepted.
Markets opened up with several of the major averages making new highs, primarily the DOW and the SP500. The small caps are not enjoying…
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Closing Market Commentary For 03-22-2013Low volume ruled the day as the DOW moved up to Wednesday's closing numbers at 11:30 pm and again at 1:30 pm before ending the day at +90. The other major averages did not fare as well as the NASDAQ and $RUT didn…
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Midday Market Commentary For 03-22-2013
As noon approached the averages continued to slide sideways after a brief run up this morning. Volume remain pathetically low, international news light and the HFT algo computers haven't done much in the past hour…
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Opening Market Commentary For 03-22-2013
Premarket was up slightly this morning suggesting a gap up at the opening. The overnight Cyprus news was insignificant as investors wait for the Monday deadline the EU has set for 'Plan B'.
Markets opened up fol…
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Closing Market Commentary For 03-21-2013Today several gap-up's that occurred in previous session have were closed when the averages took a flash dump around 2 pm lowering the DOW 110 points. That clears the way for more upside to close down gaps made t…
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Midday Market Commentary For 03-21-2013
Manipulation at its best but in a narrow range as volume falls off. The HFT computers are doing what they can to squeeze out pennies melting the markets up in the process. Scary markets right now as we really do n…
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Opening Market Commentary For 03-21-2013
Premarkets were off 0.05% at 8 am and stayed that way until the opening. The Cyprus situation is still in play but not as intense as traders look at other issues as they sit back and observe.
The markets opened…
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Closing Market Commentary For 03-20-2013Surprise, surprise investors bought into Bernanke's remarks and the 'dippers' moved in for a few percentage points. The afternoon to the FOMC meeting remained in the narrow trading band starting at the opening bu…
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Midday Market Commentary For 03-20-2013
Markets have moved sideways after the gap up opening amid falling volume. We should see some sort of market movement in a couple of hours as the FOMC gets underway. Then again maybe we won't as lately there is no…
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Opening Market Commentary For 03-20-2013
Premarkets were up (SPY +0.55%) suggesting a gap up for the cash crowd and a waning concerns over Cyprus. FedEx turned in worse than expected earnings and investors are still concerned over the markets future.
M…
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Closing Market Commentary For 03-19-2013The averages seemed to be manipulated this afternoon as the HFT computers moved the numbers off the low around 1:30 up a few points and jerked them down again, upped them and lowered them. On the second attempt a…
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Midday Market Commentary For 03-19-2013
Today is an interesting session as the averages are moving in several directions and without warning. Markets are displaying a lot of weakness as the indices drop from the morning highs to below the opening number…
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Opening Market Commentary For 03-19-2013
Markets opened up on low volume but have remained below yesterday's highs with the exception of the small caps. The NASDAQ has melted above yesterday's highs but remain below Friday's high mark. All in all the bl…
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Closing Market Commentary For 03-18-2013Markets closed down but recovering from a 1% fall at the opening at the very negative news from Cyprus over the weekend.Difficult to guess what Mr. Market is going to do over the next few sessions, but expect…
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Midday Market Commentary For 03-18-2013
By noon the averages were making steady progress recovering from this mornings lows but still -0.17% below Friday's closing numbers. Potentially, this decline could be a shot across the bow for further area of wea…
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Opening Market Commentary For 03-18-2013
At 7 am the futures were down more than the usual 'tad'. The DOW was off 92, the SP500 off 12 and the NASDAQ down 20 all because of the flap going on in Cyprus. I do not mean to marginalize the Cyprus issue, but…
more »Closing Market Commentary For 03-15-2013Markets closed down but flat and lackluster. Basically it traded sideways like it did in yesterday's session not really going anywhere while the $RUT made a new high and SPY showed continued weakness all day.Th…
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Midday Market Commentary For 03-15-2013
The gaps that were left this morning when the markets descended have been covered as expected when the indices reversed course and headed back up. The averages appear to be recovering nicely with one notable excep…
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Opening Market Commentary For 03-15-2013
Premarkets were up a 'tad' (+0.10) and appeared we were going to have another gap up for the cash crowd this Friday morning. The reporting financial were not all that bad and the futures seemed to like the news p…
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Closing Market Commentary For 03-14-2013Market closed at new highs on low volume with red spikes during the closing moments. I can't help to think this all some sort of a game the five-fingered-financiers, crooks and the HFT crowd are pulling off. Eith…
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Midday Market Commentary For 03-14-2013
By noon the averages appeared to be gathering steam in another attempt to best their high marks from this morning as they are melting upward, however on low volume.
All is relatively quiet with the major averages…
more »Opening Market Commentary For 03-14-2013
Premarkets were up with SPY up +0.34% indicating a gap up for the cash crowd at the opening bell. Financial reporting was O.K. and the markets opened with a big surge up courtesy of the BTFD 'dippers'.
Today's l…
more »Closing Market Commentary For 03-13-2013The DOW and the 500 didn't make new highs, but came close. The Russell 2000 and SPY DID make new highs, but barely. The SPY started melting down soon after easing up to 156.12 while the $RUT remained close to its…
more »Midday Market Commentary For 03-13-2013
By noon major averages were back in the green but flat as a pancake averaging around +0.05%. A brief burst of buying started at noon melting the indices up to the morning highs and are currently backing down, albe…
more »Opening Market Commentary For 03-13-2013Premarkets were down and then rose to yesterday's closing numbers. At the opening the indices climbed into the green (+0.08) and then started to melt down and level off to trade sideways.By 10 am all of the maj…
more »Closing Market Commentary For 03-12-2013Markets closed down and flat with the DOW finally turning to red having been in the green longer than the other major indices. However, that didn't last long as the DOW closed up at +$2.77 Very slow news day and…
more »Midday Market Commentary For 03-12-2013
After setting new highs this morning the shears came out and the 'sheeples' were fleeced with low to moderate red volume. Obviously a lot of profit taking going on but really not sure WHO is doing the trading as t…
more »Opening Market Commentary For 03-12-2013
Premarkets were down about -0.15% with no new news to report other than the US NFIB small business rated medium in importance was up, but below expectations. The futures did not react to this news.
The markets o…
more »Closing Market Commentary For 03-11-2013Markets closed at new historic highs on low volume and something has to give. My proprietary indicators show a strong bearish factor being thrown into the mix of a bull market not wanting to go down. The rest o…
more »Midday Market Commentary For 03-11-2013
Averages melted up from the morning lows with the DOW and the 500 setting new historical highs. Volume is anemic and suspect the HFT computers for the latest run up of the numbers.
The pain of the fall will be so…
more »Opening Market Commentary For 03-11-2013
The futures were flat at 8 am with the DOW at plus1.00 and the SP500 at -1.20. Other indicators signaled a gap down for the cash crowd as WTI oils was down and the US dollar rose above 83.00. Generally, when the…
more »Closing Market Commentary For 03-08-2013The best way to describe today's activity, both volume and trading, is that it is 'funny looking'. You know, you see some fellow on the street with died green hair and it is combed 'perfect'. One isn't just sure…
more »Midday Market Commentary For 03-08-2013
The averages spent the morning melting back up to the initial opening numbers after closing the large gap created at the opening. By noontime most of the indices were indicating weakness and falling volume showing…
more »Opening Market Commentary For 03-08-2013Premarket had move up considerably prior to the US Nonfarm Payroll report and when it was announced at 8:30 am the futures moved even higher. There was a 0.30% spike above the 'normal' premarket trading and is so…
more »Closing Market Commentary For 03-07-2013Interesting market today with several serious false starts or 'traps'. One right after the markets opened took the markets skyward and then dropping to the monings session's low point. The next one came around no…
more »Midday Market Commentary For 03-07-2013
Interesting morning as the SP500 made what was best described as a rising wedge. An attempted breakout to the top was soon stopped in its tracks and reversed as the bears jumped in for some profit taking. The DOW…
more »Opening Market Commentary For 03-07-2013
Early premarket numbers were flat and rose 0.15% after the better than expected weekly jobless claims. Shortly after the employment reports the premarket numbers started to descend to yesterday's closing numbers.…
more »Closing Market Commentary For 03-06-2013Markets traded sideways for most of the afternoon and made a feeble attempt to rise above today's high on anemic volume, but no banana. At 3 pm there was a sharp drop in some the major averages that took the numb…
more »Midday Market Commentary For 03-06-2013
The averages started trending down from their morning highs and yesterday's highs around 10:30 am and traded sideways like yesterday late afternoon session. Volume is averaging out to look like yesterday but still…
more »Opening Market Commentary For 03-06-2013
Premarket was up this morning added by the US private sector adding more jobs in February indicating another gap up for the cash crowd at the opening bell.
The averages did open above yesterday's close (0.14% to…
more »Closing Market Commentary For 03-05-2013Markets closed slightly lower than their highs for the day with some setting new historical highs in the process. Volume was falling all throughout the session leaving more than a few wondering if we are quickly…
more »Midday Market Commentary For 03-05-2013
By noon the major indices had made their mark for the day displaying new historic highs, in several cases, as trading volume descended to anemic levels. Caution is what many pundits are advising as we are in new u…
more »Opening Market Commentary For 03-05-2013Premarkets were up significantly indicating the indices were going to gap up for the cash crowd and indeed they did. However, the volume was not exactly overwhelming. Moderately higher yes, but after the green vo…
more »Closing Market Commentary For 03-04-2013Markets melted up and closed in the green, but that isn't saying much as the indices are still flat at the close and no trends or previous highs were tested along with anemic volume. No news of any consequence an…
more »Midday Market Commentary For 03-04-2013
Volume has fallen below anemic, if that is possible, and the markets are drifting sideways with a slight bullish tint. Any movement today is contributory to the HFT algo computers because no human is about to test…
more »Opening Market Commentary For 03-04-2013
The premarkets were down a 'tad' (DOW -17.00, NASDAQ -6.00 and the SP500 -1.80) and I was unable to determine a trading strategy from those meager scraps of information. There is a lot of negative news hanging ar…
more »Closing Market Commentary For 03-01-2013Markets closed after trading in a very narrow range since 12:30 pm. The DOW was within 38 points while the SP500 stayed within 5 points during some tumultuous red volume spurts not seen since Monday's 'big fall'.…
more »Midday Market Commentary For 03-01-2013
If you could have seen the gyrations the market would have provided at the opening, a killing was in the making. First the Indices fell up to 1%, then rose above yesterday's closing (and then some) and finally by…
more »Opening Market Commentary For 03-01-2013
Premarkets were down (surprise, surprise) about -0.35% (SPY) in light of the sequestration not being resolved, but I would not hold my breath for the Indices to waterfall today. The averages ended up close to the…
more »Closing Market Commentary For 02-28-2013Well no rumors or late breaking news about the sequestration to spook the markets one way or another. From a traders standpoint that is disappointing as we do not care which way the market moves so long as it doe…
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Midday Market Commentary For 02-28-2013
By noon the markets have gone nowhere. Trading in a narrow range and not exceeding yesterday's highs amid anemic volume. Investors obviously waiting for sequestration news tomorrow, but be ready for a news leak or…
more »Opening Market Commentary For 02-28-2013The premarket was about as flat as I have ever seen it just before the financial's were reported. After the 8:30 reporting they remained flat and tended to be slightly on the bearish side.The markets opened dow…
more »Closing Market Commentary For 02-27-2013Scary is the word many investors are using right now as the DOW sets a new high (14104) on falling volume. My proprietary indicators are still swinging towards the bearish side as this hot air balloon melts highe…
more »Midday Market Commentary For 02-27-2013
By noon the averages had melted up and cutting Monday's decline by half on low volume of course. This continued climb on meager volume is not what I would constitute a valid bull run but it is a rise never the le…
more »Opening Market Commentary For 02-27-2013
Premarket was flat and quiet after the morning 'not so good' financial's were reported indicating more waiting to see if Dr. Ben has any earthshaking comments on his last day of testimony.
Markets opened down -…
more »Closing Market Commentary For 02-26-2013Markets closed without much fanfare and low volume. The SP500 traded in a narrow range of 14 points and mostly sideways with a very slight bullish tinge to it.Everything ended up in the green, barely so on volu…
more »Midday Market Commentary For 02-26-2013
The large cap averages melted down towards yesterday's closing numbers while the small caps descended below on low and falling volume. Bernanke’s remarks this morning didn't do much in soothing investors desire to…
more »Opening Market Commentary For 02-26-2013
Premarkets were off their lows and trading sideways and when the markets opened the averages melted up a 'tad' (0.50%) on low volume. Investors are spooked from yesterday's market fall and are sitting out the ear…
more »Closing Market Commentary For 02-25-2013Averages at one point fell below last Thursday's close and by 3 pm evened out to the mid point of Thursday's close and Friday's opening on low volume. By 3:15 the markets took a nose dive on relatively heavy red…
more »Midday Market Commentary For 02-25-2013By 11 am many of the major averages had dipped below the closing numbers of Friday – so much for today's big gap up. This morning rise is just DaBoyz dipping their hands into the sheeples pockets once more.By no…
more »Opening Market Commentary For 02-25-2013
Premarkets were up substantially this morning with the SP500 up over 1523 surprisingly after the UK lost its AAA rating. By 9:40 the averages mostly leveled out at those higher numbers on low and falling volume.…
more »Closing Market Commentary For 02-22-2013Averages closed up on light volume largely in part of the HFT computer doing their dirty work and not because of a great economy. The SP500 closed at 1515 just above Wednesday's closing of 1512. I see nothing tha…
more »Midday Market Commentary For 02-22-2013
The averages have been trading sideways in a narrow range on low volume throughout the morning session. What this means as far as determining a direction I don't have a clue as to what this casino market is going…
more »Opening Market Commentary For 02-22-2013
Premarket numbers were up nicely this morning with the DOW up 73, SP500 up 8 and the NASDAQ up 15. Oil, gold and copper reported down and the US dollar is up. Quite a mixture, however as long as the US dollar ris…
more »Closing Market Commentary For 02-21-2013Markets generally drifted down until 2:30 when the HFT algo computers started melting the averages upward on low volume of course. Overall, the averages are below the lows of yesterday's session, but that does no…
more »Midday Market Commentary For 02-21-2013The 500 bounced off a support in the 1502 area around 10 am marking the low point of the session and proceeded to claw its way back up to nearly its opening number. All of the averages have kept trading in a narro…
more »Opening Market Commentary For 02-21-2013
Yesterday's decline wasn't a surprise as it has been expected for the past couple of sessions. A correction is needed from time to time to reset the charts but don't think this is a trend just yet as there are pl…
more »Closing Market Commentary For 02-20-2013 Gary is off on assignment. Will return tomorrow. Here is the market close from Yahoo finance: The S&P 500 settled lower by 1.2% after spending the entire session in negative territory. Equities began the…
more »Midday Market Commentary For 02-20-2013
Up to the noon hour markets have made a slow but deliberate decline with 'moderate' red volume. There is still very little indication of direction as the averages really haven't dropped below yesterday's session o…
more »Opening Market Commentary For 02-20-2013
Premarket numbers were flat to slightly negative with some predicting the DOW to melt up to 14098 before declining (closed yesterday at 14035).
The majority of the averages melted down about 0.06% to 0.11% at th…
more »Closing Market Commentary For 02-19-2013Closely watching the SP500 melt up and every time I thought that was it the high for the session, bang, up it moved a few cents again to a high of 1530.94 just shy of the 1552 super resistance level. Maybe just a…
more »Midday Market Commentary For 02-19-2013
The 500 banged up against 1526 for most of the morning and even with some moderate profit taking the 500 did manage to sneak up to 1528.17 for a brief moment. I have been saying for several weeks that I believe th…
more »Opening Market Commentary For 02-19-2013
Premarkets were up slightly indicating a gap up for the cash crowd. Not a lot of news out there but when the markets opened up the SP500 melted up to new highs (1526) by 10 am. By 10:15 the averages were melting…
more »Opening Market Commentary For 02-18-2013Gary is off today and will return tomorrow morning.From INO, Europe stocks mixed, Japan's Nikkei rises on yen After starting the day in negative territory, Europe's main indexes were mixed around midday as in…
more »Closing Market Commentary For 02-15-2013Interesting movement for the 500 today. It appears there is a support of some magnitude averaging around 1513. On 2/6 and 2/7 it was a high and on 2/11 it tried to go below 1513 like today and was soundly bounced…
more »Midday Market Commentary For 02-15-2013
At 10:30 am the 500 dipped into the red, -0.03, for the first time this session followed by SPY at -0.01 while the rest remained flat and uninspiring. Although volume has remained 'elevated' the market movement lo…
more »Opening Market Commentary For 02-15-2013Premarkets were off slightly with the DOW down 11 points and most other averages were also flat. By the opening bell the averages had melted up into the green zone, DOW up 4, under moderate volume where the bulls…
more »Closing Market Commentary For 02-14-2013For a while I thought the averages were actually going to end up slightly in the green. By 3:50 the numbers started to reverse and the DOW was the first to record red, then the rest just went to flat status. Red…
more »Midday Market Commentary For 02-14-2013
By noon the markets have calmed down remaining flat and directionless. Volume has been declining since 10 am with an occasional spurt of profit taking.
Like yesterday, I suspect the averages will melt down by the…
more »Opening Market Commentary For 02-14-2013Premarkets were down about as much as they were up the past several sessions, so there is not much to get worried about – today anyway. Markets were expected to gap down at the opening for the cash crowd tempered…
more »Closing Market Commentary For 02-13-2013
Pitiful trading day – almost, nah, I wished I had taken the day off. New highs were reached on low volume and then melted down to approximately yesterday's lows. About 3 pm the algo computers started melting the…
more »Midday Market Commentary For 02-13-2013
Markets did take a nose dive, well sorta as most didn't go below yesterday's session lows. The 500 has leveled off at yesterday's closing numbers and is currently drifting sideways.
The market temperament has tur…
more »Opening Market Commentary For 02-13-2013
The SP500 futures projected a higher opening for the 500 in the range of 1524 early this morning. That is several points above it highest mark of 1522.24 in yesterday's session. Unless there is a powerhouse of gr…
more »Closing Market Commentary For 02-12-2013The afternoon session began with the averages continuing to melt up on falling volume and you and I know very well that this can not continue to reflect a true market direction. The HFT computers are mostly the c…
more »Midday Market Commentary For 02-12-2013
By the 12 o'clock hour the averages were still elevated and generally above yesterday's numbers but remaining mixed and directionless. Although the bias appears to be somewhat positive the swings are getting small…
more »Opening Market Commentary For 02-12-2013
The SP500 futures this morning, like yesterday, made a move up and above the 'holy grail' line of resistance that has kept the 500 from advancing. It then fell back to just below that line, just like yesterday. I…
more »Closing Market Commentary For 02-11-2013The SP500 made a new high at 3:45 (1518.31) which is precisely the same number made on 2-8 – interesting! Low volume prevailed throughout the session and the bulk of the transactions was from the HFT algo compute…
more »Midday Market Commentary For 02-11-2013
For a short while the SP500 eased up to its previous high Friday and the USD took a dive about the same time. This could be good or bad news depending where you have invested monies. The good news for me is that t…
more »Opening Market Commentary For 02-11-2013
For a brief moment in time the SP500 futures were higher than Friday's highs and suggested that we were going to have a gap up up for the cash crowd. By 9 am the futures leveled out at the closing prices of Frida…
more »Closing Market Commentary For 02-08-2013
Markets closed up and without much fanfare this Friday afternoon. The DOW and the $RUT slipped during the afternoon session and showed a distinct bearish melting while the SP500 continued to bump up on the highs…
more »Midday Market Commentary For 02-08-2013
Since 10 am the markets have moved in a sideways motion on falling volume. It seems all of the 'dippers' that wanted to buy in have, so the market drifts sideways as the HFT computers do their thing.
The $VIX is…
more »Opening Market Commentary For 02-08-2013
Premarkets were flat this morning and I was surprised when the markets opened up sharply on moderate green volume breaking out of the channel formed 6 sessions ago. The rise was not all that great, but raised an…
more »Closing Market Commentary For 07-07-2013Today's session looked like yesterday's except exaggerated. Started out down and then melted back up all on moderately low volume and help from the HFT algo computers. The range for the SP500 was narrow ~13 point…
more »Midday Market Commentary For 07-07-2013
Well we had the dippy-do and still the averages have not made their intentions known. Yes, the DOW is off over 100 points, but that doesn't mean a lot nor does it set any kind of record. Still within the sideways…
more »Opening Market Commentary For 07-07-2013
Premarket numbers were generally flat coming into the opening bell and not giving us much in the direction markets were headed for the day.
The markets opened down then a fake rise and once again melted back dow…
more »Closing Market Commentary For 02-06-2013Markets meandered around the market pool today accomplishing nothing on low volume. Most large cap averages closed slightly down from yesterday's close resulting in another lackluster, flat and directionless sess…
more »Midday Market Commentary For 02-06-2013
By noon little has happened. The averages melted up from the opening morning lows to the midday levels of yesterday's session on low volume. Today's action looks more like the HFT computers than anything else. $VI…
more »Opening Market Commentary For 02-06-2013
Just a few opening remarks this morning as the markets opened lower and then recovered to yesterday's closing numbers. Volume is low and investors are waiting for something to happen, just what is anyone’s guess.…
more »Closing Market Commentary For 02-05-2013Market closed on a rising note with the SP500 climbing reaching new highs by a point to 1514.96. The other averages never reached their previous highs (close by horseshoe standards) and fell off semi-dramatically…
more »Midday Market Commentary For 02-05-2013
Both the DOW and the SP500 challenged their 14,000 and 1,500 magic lines in the sand as they rose off the morning lows to project new highs for the day. BUT they stayed very close to the witching numbers either wi…
more »Opening Market Commentary For 02-05-2013
Yesterday's decline wasn't enough to get all worried about as it stayed within reasonable boundaries. Nothing special other to say it was about time the markets retracted a bit. The futures were up this morning i…
more »Gary will return tomorrow.
Here is the market data from Investing.com (5:30 pm EST 04 February 2013):
more »Closing Market Commentary For 02-01-2013
Markets closed on an up note but with a serious doubt on whether or not it can continue much higher. The financial numbers this morning were not all that good and the serious issues that remain in the EZ are stil…
more »Midday Market Commentary For 02-01-2013
By 12:00 the markets had risen to new highs once again proving some bearish pundits wrong or at least too soon in their prognosticating. The large caps are green but do not appear to be over exuberant as the small…
more »Opening Market Commentary For 02-01-2013
Premarket numbers were higher this morning but the NFP figures were not what was expected and the employment rate eased up to 7.9 from 7.8. Also, there was a big gap to be covered in the USD FX market of 6 cents…
more »Closing Market Commentary For 01-31-2013
Markets closed down a fraction or a 'tad' as I like to say on relatively low volume. Some profit taking during the last 15 minutes of the session, but not enough to raise eyebrows. The whole market is in a wait-n…
more »Midday Market Commentary For 01-31-2013
Markets dropped to about yesterday's lows and have been bobbing around those lower levels for the past hour.
Weakness abound, but not enough to send everyone to the selling switch just yet. No major trend or 'zon…
more »Opening Market Commentary For 01-31-2013
Markets opened down and then melted up with a spurt from the 'dippers' to the mid levels of yesterday. That bullish move seems to have waned as the markets are displaying more weakness as the 10 o'clock hour appr…
more »Closing Market Commentary For 01-30-2013No surprises from the FOMC and the markets remain almost flat after the meeting announcement. The Russell 2000 started to fall almost immediately which is something like the canary in the coal mine warning of dan…
more »Midday Market Commentary For 01-30-2013By noon time the markets have done absolutely nothing except melt sideways on low volume. Now the averages have moved from the flat green side to the flat red side after a feeble attempt to best yesterday's highs.…
more »Opening Market Commentary For 01-30-2013The premarkets were down a 'tad' mostly because they are tired after advancing continuously since the 10th of January. But the 8:30 economic numbers looked like the markets were weakened even further as they slip…
more »Closing Market Commentary For 01-29-2013
Market continued to melt up during the afternoon portion of today's session but remained in a narrow trading range that can best be classified as flat. Most likely the HFT computers had a lot to do with the numbe…
more »Midday Market Commentary For 01-29-2013
What appeared to be a bull trap instigated by the HFT computers drove the large caps upwards. The SP500 lingered around 1500 to 1505 for a while bullish fake out sucked in a lot of 'dippers' totally convinced a br…
more »Opening Market Commentary For 01-29-2013
Another day of indecision coming up for investors as morning futures are showing up in the negative column. Still well within the up trend channel Mr. Market can't decide to what to do while the HFT algo computer…
more »Closing Market Commentary For 01-28-2013Markets closed mixed and flat on conflicting economic data today. I would have expected something more in response to all of the bullishness being reported by the majority of the pundits. But then, few if any of…
more »Midday Market Commentary For 01-28-2013
Markets rose after disappointing news that Pending Home sales fell a whopping 4.3% while expecting 0.0%. The prior report was +1.6%.
At noon the markets climbed back up to mostly positive, but remaining flat and…
more »Opening Market Commentary For 01-28-2013
US: Durable Goods Orders tops forecasts and the premarket was up accordingly. I really thought the markets were going break through the resistance barriers and make a grab for the gold ring. So I was surprised to…
more »Closing Market Commentary For 01-25-2013Markets melted up the entire session with mini-bear traps thrown in for good measure to catch anyone not paying attention. After calling around to my colleagues to see who is buying or selling I find that they ar…
more »Midday Market Commentary For 01-25-2013Markets are coasting along at previous levels seen this morning. SP500 has not and apparently can not break above the 1500 resistance level. Volume is mostly red and low, but not anemic where the HFT computers sta…
more »Opening Market Commentary For 01-25-2013
Premarket indicated that there would be an higher opening this morning, but the numbers were flat.
The markets did gap up from yesterday's close, but DID NOT rise above yesterdays highs. As of 10 am there appear…
more »Closing Market Commentary For 01-24-2013Think of today's SP500 swing as the canary in the coal mine. It is the largest intraday swing in 2013 and may signal the bearishness in the air like the arctic breeze just before winter blows in.The 500 closed…
more »Midday Market Commentary For 01-24-2013
The SP500 hit 1500 and just as quickly backed off. I suppose we could still go higher, but I think Mr. Market is getting tired and could fall to the floor at any time. There isn't really much I can add to this BS…
more »Opening Market Commentary For 01-24-2013
Apple (AAPL) took yesterday's aftermarkets down substantially and recovering to yesterday's highs just before the opening. For what ever reason this BS market is not for children to play in as the harsh reality w…
more »Opening Market Commentary For 01-23-2013
Markets did close up but looking lackluster. The market is gearing up for a correction, so everyone had better get ready. It may not be more than 5.5% and it may not come just yet either, but it will come soon en…
more »Opening Market Commentary For 01-23-2013
The markets continue to put in a lackluster performance today and it has all the ear-markings of continuing this way until the close. The DOW is up 50 and the 500 down 2 and I expect the markets to remain flat an…
more »Opening Market Commentary For 01-23-2013
Premarket was more or less flat this morning looking somewhat like the past morning sessions. Google (GOOG) and IBM (IBM) both had good financial reports that at least did not spook Mr. Market and send the averag…
more »Closing Market Commentary For 01-22-2013The markets melted higher, once again, stretching the market's 'rubber band' one twist closer to its snapping point. Today the averages continue to creep into the upper resistance like an invasive species conquer…
more »Midday Market Commentary For 01-22-2013
Very bullish and very overbought is one way to describe the market based on the S&P. I would be very careful on any positions taken right now. Personally, I need to see where the markets are going to go in re…
more »Opening Market Commentary For 01-22-2013
Premarket numbers were flat and non-committal as to any direction early this morning. Oil, copper, gold and the USD were all more or less flat indicating we may have another golfing day in the works. The medium r…
more »Opening Market Commentary For 01-21-2013
The US markets are closed today for the inauguration of the US President. The rest of the World's financial centers are open but muted, leading credence to the US financial power house effecting world markets.
F…
more »Closing Market Commentary For 01-18-2013My proprietary indicators continue to show a negative market balance. Starts out positive in the morning and by the afternoon it turns negative. The bottom line here is to watch your butts.Markets closed again…
more »Midday Market Commentary For 01-18-2013
Markets continued to melt down in low, but moderate red volume. The $VIX has fallen to a new low of 13 and has remained there for the entire morning session. Several pundits are trying to make something out of thi…
more »Opening Market Commentary For 01-18-2013
A bit late getting out the morning commentary as I was spending some time looking at the technicals hoping for some sort of clairvoyance into this market. The story is the same. We are entering a zone of strong r…
more »Closing Market Commentary For 01-17-2013Today's session illustrates clearly the problem analysts, like myself, have with this market place. Too much damn guessing and most of it is no better than throwing spaghetti on the wall to see if it sticks. The…
more »Midday Market Commentary For 01-17-2013Markets have been sliding sideways for most of the morning trying twice to best the earlier morning high but to no avail. The volume has fallen off to a point where the HFT computers may be able to melt the averag…
more »Opening Market Commentary For 01-17-2013
Premarkets were up substantially this morning partially because the USD took a real beating last night but the futures peaked around 9 am and showed signs of a deteriorating situation. This morning the USD is hea…
more »Closing Market Commentary For 01-16-2013Markets closed in a similar fashion to yesterday's close. In fact the entire session looked just like yesterday. The SP500 squeezed out a new high by 0.63 but backed off.SPY experienced a relatively strong sell…
more »Midday Market Commentary For 01-16-2013
Heading into the midday part of today's session it is beginning to look just like yesterday's lackluster session. The SP500 has melted up this morning, on low volume, with in a half point of matching yesterdays hi…
more »Opening Market Commentary For 01-16-2013
Just like yesterday's session, and the one before it, the premarket futures were down suggesting the market would open down.
The markets did open open in the red, down just a 'tad' from yesterday's close and bes…
more »Midday Market Commentary For 01-15-2013Shortly after 1 pm the markets peaked and started to melt downwards and picked up steam around an hour later descending at a faster rate. Volume remained low implicating DaBoyz and the HFT computers doing their cr…
more »Midday Market Commentary For 01-15-2013
Markets continued to melt up during the morning session on very low volume suggesting the HFT computers are at work.
There is not a lot to suggest that the markets are poised to swing either way in today's sessio…
more »Opening Market Commentary For 01-15-2013Premarket was down and the SP500 was down 5 points but not outside the narrow sideways trough that was formed 8 sessions ago. In fact not even close indicating today was going to be the same 'ol, same 'ol.Marke…
more »Closing Market Commentary For 01-14-2013Markets closed a 'tad' below where they opened and remained flat for the entire session. The averages traded in a tight range for mos of the day where the SP500 stayed within a 4 point range during the afternoon.…
more »Midday Market Commentary For 01-14-2013
Markets have muddled sideways for the morning trading under light volume. The trading range has been narrow with the SP500 remaining within a 6 point range. It has been in a 2 point range for most of the morning o…
more »Opening Market Commentary For 01-14-2013
Premarket was flat about where the averages closed on Friday. Towards the opening a lot of red was being displayed on active equities indicating a opening movement to melt down.
Markets opened flat and mixed bu…
more »Closing Market Commentary For 01-11-2013Markets melted sideways with a bullish slant in today's session closing out the week in a lackluster performance. Investors are still skittish about making a commitment one way or another.Markets closed mostly…
more »Midday Market Commentary For 01-11-2013Midday markets haven't changed from earlier and are flat and quiet. Volume has been falling off as we head into the afternoon session. Unless there is some lifestyle changing news expect the rest of the session to…
more »Opening Market Commentary For 01-11-2013
The premarket DOW future was down a couple of points and the others were flat and mixed. The DOW and NASDAQ have been lagging while the Russell 2000 is at an all time high and the SP500 is near a multi-year high.…
more »Closing Market Commentary For 01-10-2013Interestingly, the markets pushed further into the 'resistance' zones during the afternoon session pushing the averages up for a nice close. New highs were made for the DOW and SP500 but the Russell 2000 fell bac…
more »Midday Market Commentary For 01-10-2013Exactly like yesterday's session the markets today have generally melted down to the last 6 sessions mid range. The volume has been a 'tad' heavier than usual, but still regarded as low. Mostly red volume has evid…
more »Opening Market Commentary For 01-10-2013Premarkets were up again this morning and not at all unexpected. U.S. Initial Jobless Claims fell, unemployment in Greece is up, ECB's Draghi says economic weakness to extend into 2013 and it appears that not muc…
more »Closing Market Commentary For 01-09-2013This session was continually melting down from the morning highs until a few minutes from the close. But alas, that brief moment in the sun didn't pan out and leaving us in another dreary day of lackluster tradin…
more »Midday Market Commentary For 01-09-2013As the noon time part of today's session comes about we see that Mr. Market has done nothing except wander aimlessly as the bulls and bears play a not so serious tug-of-war. Volumes have fallen from this mornings…
more »Opening Market Commentary For 01-09-2013
Premarkets were up a bit and not unexpected as I am expecting this trend of a tight and narrow trading range to continue for a couple more sessions. A break out, if anyone can call it that will be subtle but posi…
more » Closing Market Commentary For 01-08-2013Markets recovered half of their losses from the mornings lows, but remained in the red all day. Volume was low for most of the session and picked up in the green by the closing bell.Alcoa (AA) reported 4t…
more »Midday Market Commentary For 01-08-2013
Markets continued to melt down until the HFT computers brought some of the averages back up a bit. By 1 pm the averages were once again melting down on anemic red volume.
Markets remain caught in a tight, narrow…
more »Opening Market Commentary For 01-08-2013
Premarket was down a few points, but not enough to cause more than a yawn. There is a lot of speculation of where the market is heading this week with arguments for a decline and those for a continued rise. We w…
more »Closing Market Commentary For 01-07-2013Markets closed in a lackluster sort of way, but expect the potential volatile situation to pick up as the week progresses. A quick bit of minor sell off towards the end of today's session indicating there is stil…
more »Midday Market Commentary For 01-07-2013
The averages have been muddling along for most of the morning, mostly down, indicating Mr. Market is taking a rest of sorts. Today is not the day to buy some inverse ETF's as there is more upside to come, but not…
more »Opening Market Commentary For 01-07-2013Premarket was down as summarized after closing on Friday. In an unusual sell off in the Friday's aftermarket there was every indication we would see at least a small downward movement at today's openingToday's…
more »Closing Market Commentary For 01-04-2013The market rise this afternoon is primarily due to the HFT algo computers. Volume has been anemic and no news to speak of which would account for the unusual melting upwards.Aftermarket indicated a sharp profit…
more »Midday Market Commentary For 01-04-2013
By noon the markets were still at the crossroads of indecision. Equities have shown a lack of direction in midday trading during this Friday session, as traders are obviously reluctant to make any significant move…
more »Opening Market Commentary For 01-04-2013
Premarkets were generally melting up towards a higher opening after the Labor Department reported non-farm payrolls increased by 155,000 in December. This beat expectations of an increase of 150,000 analysts wer…
more »Closing Market Commentary For 01-03-2013Market closed down and flat. Maybe the jobs report tomorrow can spark some life into this market. Everyone has bought into the market and no one else is going to dip their toes, so where do you think it is going…
more »Midday Market Commentary For 01-03-2013By noon the markets remained flat and directionless. Although in the green, I suspect the HFT algo computers are reason for the afternoon climb into the green. Very quiet out there and I expect the rest of the s…
more »Opening Market Commentary For 01-03-2013Premarket numbers was were where we left them yesterday; neither up or down, just flat and unappealing. The financial reporting this morning was mixed and the premarkets didn't react which was unexpected. The m…
more »Closing Market Commentary For 01-02-2012The markets closed up after a massive gap up this morning – that is the good news. The bad news is that this US financial mess is far from over and once the 'Hopium' has worn off we should start to see some moder…
more »Midday Market Commentary For 01-02-2012
By 1 pm the averages were trading in a narrow range and on anemic volume. This interesting because the ma and pop cash crowd left the market 2 years ago basically leaving the large institutions and major investors…
more »Opening Market Commentary For 01-02-2012
SP500 Futures gaped up from 1423.41 to 1440.00 earlier and that WILL be filled sometime in the near future indicating a declining market. Adding to this, the USD gaped down from 79.86 to 79.65 leaving a quiet a h…
more »Gary is off on assignment. Happy New Year everyone! Here is the market close from Yahoo Finance.
Equities began today's session on a slightly lower note after the weekend failed to advance the budget negotiations. The talks have now entered the…
more »Midday Market Commentary For 12-31-2012
At noon the markets are 'muddling' along at or near Friday’s closing. FX markets are closed and Bonds will be at 1 pm.
I am cautiously optimistic that the markets will close somewhere in the vicinity they are no…
more »Opening Market Commentary For 12-31-2012Last day of the trading year should be interesting as 99% of traders will be leaving around noon (or have already left) for the New Years Eve festivities tonight.The SP500 future was down 20 points earlier and…
more »Thoughts for Friday 12-28-2012 I have received many emails that loudly proclaim the idiosyncratic nature of what the World politician's have done and are still doing. Depending on your political slant, it is mostly preaching to the choir as a few activ…
more »Closing Market Commentary For 12-28-2012Market closed down on relatively heavy volume, but it appears the investors at large don't want to wait for the Monday rush. Then again, maybe it is a setup for a bull run on Monday. I am through guessing for thi…
more »Midday Market Commentary For 12-28-2012
Not much has happened since this mornings report and the markets continue to trade sideways in a narrow, low volume session. I am sure the 'dippers' will come into play as the day wears on betting the Washington p…
more »Opening Market Commentary For 12-28-2012
Premarkets were down as one might expect from all yesterday's after market political double-speak from the waring political parties in Washington. But they were only down to the mid point in yesterday's movements…
more »Gary is off this afternoon. Market close from Yahoo Finance.
The S&P 500 ended the day with minor losses following a volatile session. Equities began the day on a positive note, but comments from Senate Majority Leader Harry Reid caused a quic…
more »Opening Market Commentary For 12-27-2012
Premarket was up from yesterday's close, but below yesterday's midday high. In other words nothing has changed. I do not expect today or tomorrow to be anything more than what we have already seen this week and w…
more »Gary is off this afternoon. Market close from Yahoo Finance.
Stocks began the day on a positive note, but the early sentiment failed to hold. The key averages slipped to their respective lows during the first two hours of trade, and held there for…
more »Opening Market Commentary For 12-26-2012
Premarkets were up at one point but not higher than Monday's high. As on Monday, there will be only one market commentary today. If anything happens worthwhile, I will report it here. The falling home prices news…
more »Market Close 24 December 2012 Gary is off - Close from Yahoo Finance. The major averages spent today's abbreviated session in the red as the lack of progress in the budget debate weighed on sentiment. The S&P 500 hovered near its lows for…
more »Opening Market Commentary For 12-24-2012
Premarkets were down from Friday's close, but melting up. There will be one market report today as the 'family' has my week planed and if I want to be able to come home tonight (or the next, or the next) I will c…
more »Closing Market Commentary For 12-21-2012Markets tested the morning lows and melted back up, close anyway, to the session's highs. Then towards the close, gave a half-hearten one-finger salute to the politicians in Washington at the close.The majors c…
more »Midday Market Commentary For 12-21-2012
By the noon hour the averages made a steady climb from the morning lows and then turned tail again making 'guessing' what Mr. Market is going to do next to impossible.
By12:30 the markets look weak and a possibil…
more »Opening Market Commentary For 12-21-2012
The end of the World has begun as the premarket was down this morning, waaaayyy down. The SP500 futures was down 12 points (-1.25%) after the GOP announced that 'Plan B' was going to be scrapped. The futures kept…
more »Closing Market Commentary For 12-20-2012Late today getting this blog out so I'll be brief. Market closed up after melting up towards the afternoon. Looks like the algo computer are up to their old tricks because the volume has declined along with the r…
more »Midday Market Commentary For 12-20-2012
Midday action was where we left it this morning. The averages are hovering around the unchanged line and can be best described as flat, lackluster and directionless.
I wouldn't expect much in today's trading sess…
more »Opening Market Commentary For 12-20-2012
Equity Markets opened up a few point higher than yesterday's close on miniscule green volume and then started to melt down. It is apparent the the vote on Boehner's “Plan B' tonight is having a sobering effect on…
more »Closing Market Commentary For 12-19-2012Markets closed trending down with a burst of sellers at the closing. Looks like we had a consolation day where the markets could continue their march upward tomorrow – or maybe not. The DOW was down 98 points j…
more »Midday Market Commentary For 12-19-2012
By noontime the major averages, and stocks in general, were turning in a lackluster performance after the past two sessions that were notably higher. The Markets are lingering near the unchanged mark, remaining fl…
more »Opening Market Commentary For 12-19-2012
Premarket was up a few points and immediately started to melt down at the opening bell. Relatively heavy low red volume indicated investors shyness concerning the prospects of a successful fiscal cliff compromise…
more »Midday Market Commentary For 12-18-2012Markets closed in the green and low volume for most of the afternoon sessions. Towards the end of today's session there was elevated green volume with mainly the 'Dippers' believing the fiscal cliff crisis is well…
more »Midday Market Commentary For 12-18-2012Markets continued to climb after a rocky opening start until 11:30 when the bears made their presents known halting the markets advance. Red and green volume has been moderate compared to previous sessions as the…
more »Opening Market Commentary For 12-18-2012Premarkets were up this morning with the SP500 futures gaining over 4 points early on. By 8:30 the averages had turned back down and leveling off where the markets closed yesterday. The markets opened up and ab…
more »Closing Market Commentary For 12-17-2012Today's market action smacks solidly of HFT computer manipulation as the volume remains low enough for that sort of activity. Little news and the averages move around like there is major financial activity going…
more »Midday Market Commentary For 12-17-2012
Noontime averages were still melting upwards as both buyers and sellers battle it out. The HFT computers appear to be the number one factor that is pushing the numbers higher. Still the averages remain in the midd…
more »Opening Market Commentary For 12-17-2012
Premarket started off down early in the morning and then when the markets opened they started to melt up as investors are feeling bullish that a compromise is further along regarding the US fiscal cliff.
By 10…
more »Thoughts for Friday, December 14, 2012We financial analysts are relatively certain that when a 'fiscal cliff' compromise is reached it will be another political 'kick the can down the road' exercise in futility – AGAIN! It has been estimated that any…
more »
Tags: ben bernanke, congressional holiday recess, fiscal cliff, global markets, kick the can, live market commentary, live market news, market events, market news free, obama, ponzi schemes, president obama, qe3, romney, us economy
Closing Market Commentary For 12-14-2012By the close Markets in general were showing serious signs of weakness as the averages declined all day. No announcement of the end of the 'fiscal crisis' and generally financial news was thin as we head into the…
more »Midday Market Commentary For 12-14-2012
By noon the general direction of the markets was down in a kinda melting sort of thing. Nothing to get excited about as the charts will show you we are smack dab in the middle of things. They could go either way a…
more »Opening Market Commentary For 12-14-2012Premarket was up early and fell off after the US financial reporting at 8:30 this morning. (See charts below.) The 'not so good' news is bound to reflect poorly later in the session.The Friday session large cap…
more »Closing Market Commentary For 12-13-2012The averages made a dippy-doo after heading for the basement which saved the day from a complete disaster. The major averages are obviously very weak and we are likely to see a continuation of the bears tromp all…
more »Midday Market Commentary For 12-13-2012
Very late getting back from lunch – out with a couple of bankers that can tell some stories. Just a quick report – 2 hours to go and it doesn't look good for the bulls. The markets are headed for the basement. Eve…
more »Opening Market Commentary For 12-13-2012Premarket numbers were where we left them yesterday. Except for a serious 4 point spike in the SP500 futures after the 8:30 am US financial's were announced it fell back to reality. Advanced Retail (Nov) fell sho…
more »Closing Market Commentary For 12-12-2012
Markets took off like a rocket after the irresponsible Dr. Ben announced QE4. Nothing the Keynesian Feds have done, or will do, will provide a concrete foundation for a stable financial system. Only time will tel…
more »Midday Market Commentary For 12-12-2012
Averages drift sideways awaiting the FOMC meeting. Word on the street is that some are expecting a QE4 to replace the expiring Twist. Also expected is dashing hopes in a continued bull run after being rebuffed yes…
more »Opening Market Commentary For 12-12-2012
Premarket was higher than yesterday's close and melted downward after the markets opened this morning on relatively heavy low volume. By 10:15 the volume dried up as fast as it formed. Obvious selling and the 'di…
more »Closing Market Commentary For 12-11-2012Very interesting market today. For the past 5 sessions there has been a direct line of advancement despite the daily ups and downs. Today high rise and consequent decline is right in line with this rise. I can se…
more »Midday Market Commentary For 12-11-2012
Around 11:30 the bull run began to run out of steam as it peaked and the started to melt back down, perhaps leveling off for the day. Off and on we are seeing spurts of selling which I suspect will pick up during…
more »Opening Market Commentary For 12-11-2012
Premarket were elevated this morning indicating a gap up for the cash market. Yesterday I mentioned that we were due for a breakout to the up side for technical reasons more than sound economic reasonableness. Th…
more »Midday Market Commentary For 12-10-2012Markets traded sideways for the most part on low volume except for a short burst off selling towards the closing bell. No news today and the $VIX has melted down all day stopping around 16 – if that really means a…
more »Midday Market Commentary For 12-10-2012By noon the markets started to melt downward in an otherwise unremarkable session. Volume has consistently fallen off since the opening as the HFT algo computers took over.Signs of weakness still prevail and it…
more »Opening Market Commentary For 12-10-2012
Premarket was flat and opened the same but on really anemic green volume as investors seem to waiting for the Santa Claus Rally which may or may not happen this year. About 10 minutes into the opening the HFT alg…
more »Thoughts for Friday 12-07-2012Today is the remembrance of the Day of Infamy, December 7, 1941. On that day the United States was deliberately attacked by a secret armada of warships. For those who lost their lives because of a decadent, greedy and obse…
more »Closing Market Commentary For 12-07-2012As expected the averages melted up slightly manly because of the HFT computers. The only bright spot is that volume also eased up indicating more investors believe that the Santa Claus Rally is still in the works…
more »Midday Market Commentary For 12-07-2012
The averages leveled out by noon even suggesting they might move higher in the afternoon. The NASDAQ fell to Wednesday's opening levels earlier while the DOW and the 500 remained mostly in the green on falling vol…
more »Opening Market Commentary For 12-07-2012
The exceptional jobs report this morning pumped up the premarket with green volume that exceeded normal session numbers. It appears a lot of traders wanted to get into the action before the cash crowd had a chanc…
more » Closing Market Commentary For 12-06-2012 Markets closed up and mostly flat. The NASDAQ led the averages and the Russell 2000 was the laggard which leaves me wondering what is going to happen next.Obviously, traders are lacking and I suspect th…
more »Midday Market Commentary For 12-06-2012
By noon the averages all were in the green on falling volume with the NASDAQ finally showing some life rising above most of the other averages. Still the markets remain weak, flat and lackluster while investors so…
more »Opening Market Commentary For 12-06-2012
Premarket was even with yesterday's close although the DOW was up 22 and the 500 down 2 points. Not a good sign of things to come when you have such disparity in the large and small caps.
The market opened u…
more »Closing Market Commentary For 12-05-2012Markets closed down just off their highs for the day. Having traded all afternoon in a tight range the bear got the upper hand and put significant pressure on the bulls with moderate volume.I have expected the…
more »Midday Market Commentary For 12-05-2012At 11 am the markets reached the morning lows when the ISM non-manufacturing indicated an increase to 54.7. The 'BTFD Dippers' were once again in fashion as they pushed the averages up beyond the opening numbers o…
more »Opening Market Commentary For 12-05-2012Premarket was up a few points and the DOW opened up +2 and the 500 went red at -0.40. By 10 am the markets were mixed, flat and on moderate volume. It would appear today is going to be another quiet lackluster…
more »Closing Market Commentary For 12-04-2012Markets closed on time and that is about the only thing of interest. Several good fake outs as the algo computers jerked everyone brave enough to dip their toes in the market waters today. Generally the averages…
more »Midday Market Commentary For 12-04-2012
Midday market antics continue as the averages sea-saw back and forth first with bear traps and then with bull traps. If the 3 to 4 day lackluster sessions continue we will probably see several days of the bulls ru…
more »Opening Market Commentary For 12-04-2012
Premarket was down a few points and right after the opening there was mostly green for the averages. Volume remained low although green for the first 10 minutes and then turned red as the morning highs started to…
more »Closing Market Commentary For 03-03-2012At 4 pm the market closed down. Most of the session experienced low volume with a lack of buying investors. Most of the political talk from both sides of the aisle seem to be digging in suggesting to investors to…
more »Midday Market Commentary For 03-03-2012Markets are muddling through the day. A brief opening bid to go higher was soon sent to Friday's closing numbers and has since stayed there. Flat, low volume and generally a slow day starting out the week.A weak…
more »Opening Market Commentary For 03-03-2012First day back from 10 day's of vacation and I can report I like being on vacation better than going to work. <grin> I did watch some of the averages sneak up last week and tickle the bottom of the 50 DMA w…
more »Gary is off today. Here is the market close from Yahoo.
Equities were on uncertain footing during the first hour of the session. The S&P 500 followed the early indecision by sliding to its lows just above the 1410 level. A familiar theme played…
more »Gary is off today. Here is the market close from Yahoo.
Today's session started on a positive note after yesterday's comments from House Speaker Boehner were viewed as supportive. However, the Speaker held another press conference today at which he…
more »Gary is off today. Here is the market close information for Yahoo. Equities opened lower, but staged a reversal when top lawmakers reiterated their desire to reach a budget agreement. After marking a session low near its 200-day moving average, the S&…
more »Gary is off today, The market close from Yahoo.
Stocks began today's session on a negative note, and finished on their lows. Overnight reports from Europe indicated the International Monetary Fund and the Eurozone finance ministers agreed on the term…
more »Gary is off today. The market close from Yahoo.
Market Summary
Symbol Last Change
Dow
12,967.37
42.31 (0.33%)
Nasdaq
2,976.78
9.93(0.33%)
S&P 500
1,406.29
2.86 (0.20%)
10-Yr Bond
1.6640%
0.029…
more »Gary is off today. Hope most are enjoying their 4 day weekend. The market close from Yahoo. Symbol Last Change Dow13,009.68 172.79(1.35%)Nasdaq2,966.85 40.30(1.38%)S&P 5001,409.15 18.12(1.30%)10…
more »USA Markets are Closed.
more »No posts for today - Have a great Thanksgiving. Here is the market snapshot from Yahoo. Market Summary Symbol Last Change Dow12,836.89 48.38(0.38%)Nasdaq2,926.55 9.87(0.34%)S&P…
more »Gary is off trying to find the Thanksgiving Turkey - and his contributions will be limited this week.
more »Opening Market Commentary For 11-20-2012
Premarket remained elevated from yesterday's bull run on 'Hopium' and was flat this morning in light of decent financial reports. I have mentioned several times that I thought there was still some fight left in…
more »Closing Market Commentary For 10-22-2012I'll make it a short story today. The market did absolutely nothing on low volume. The past 6 months have been bad to poor for traders, today was dreadful!The averages melted lower and lower up to the closing b…
more »Midday Market Commentary For 11-19-2012
The one thing to takeaway from this mornings action is that the Russell 2000 left a gap up, a really big one, of 5.29 points that will probably be closed shortly, like in days. The $RUT also did not penetrate a re…
more »Opening Market Commentary For 11-19-2012SPY was up 1.44 on light volume early in premarket action indicating a gap up for the cash market. By the opening the DOW had jumped up to 115 points lagging most of the other major averages which were well up ov…
more »Thoughts For Friday 11-16-2012The answer to the question whether a government, ours or any other regime, can create jobs depends on who answers it. The Obama Administration claims it has made or saved millions during the past 4 years, citing that the U…
more »Closing Market Commentary For 11-16-2012Not an encouraging sign watching the averages creep up on low volume this afternoon as it looks like manipulative forces the HFT can leverage. Rising market numbers like this always return to original levels when…
more »Midday Market Commentary For 11-16-2012
The averages tried unsuccessfully 5 times to break through their support this morning that is currently keeping the markets from descending any further. Then at 11:10 many of the averages began to melt down below…
more »Opening Market Commentary For 11-16-2012The premarket was up a tad but quickly started to melt down when the opening bell sounded on anemic volume. This morning financial's were all in the red (see chart below) and undoubtedly turned the markets down a…
more »Closing Market Commentary For 11-15-2012I said earlier that we were sitting on a minor support. That is not quiet correct as it is the ending of a major support zone that extends from ~1356 to a high of 1415. It appears we are near breaking through an…
more »Midday Market Commentary For 11-15-2012
The morning session was extremely choppy and mixed, but within a tight narrow range dashing any thoughts of trading in a safe environment. While the averages were bouncing back and forth across the opening numbers…
more »Opening Market Commentary For 11-15-2012The premarket was mixed and choppy making a Ha Ha (prediction) impossible continuing the trend of mixed signals early on in the session. The oils, gold and copper are all over the charts prior to the opening bell…
more »Closing Market Commentary For 11-14-2012Today was not the day for the bulls as the bears kicked their butts. Soundly, I might add. The Russell 2000 showed the way down and it is not a good sign when the small caps take it in the chin. I expect more of…
more »Midday Market Commentary For 11-14-2012Supports were broken on 'relatively' heavy red volume and now the question is where will the major indexes close. Appears to have been the Israel attack on Hamas Army Chief of Staff and some saber rattling that se…
more »Opening Market Commentary For 11-14-2012
Premarkets shot up earlier and fell to yesterday's closing prices after the negative mornings financial news came across the wires. Producer prices and Retail Sales fell unexpectedly souring the apparent higher t…
more »Closing Market Commentary For 11-13-2012The markets closed down after taking a nose dive around 3 pm taking most of the averages down to almost the opening numbers. Several, including the Russell 2000 remained BELOW resistance levels signaling and any…
more »Midday Market Commentary For 11-13-2012
A little late getting to all of you – meetings and a long business lunch but you haven't missed much. Today's session is a repeat of yesterday's session with a tad more volume than yesterday and the session before…
more »pening Market Commentary For 11-13-2012
Premarket was down and continued to melt down as the opening bell approached. News on the Greek 'issues' remain sketchy and appears that the banks are going to implode before the week ends. That and other US finan…
more »Midday Market Commentary For 11-12-2012Risk-off is the by-word of the past month and though today's selling pressure has remained relatively subdued the concerns of global financial unrest pose a real threat in containing further decline in the average…
more »Midday Market Commentary For 11-12-2012
By noon not much has happened since the opening bell. Trading with very low volume and within a narrow trading range. We will have to look at the rest of the week for any pertinent changes to the averages. Right n…
more »pening Market Commentary For 11-12-2012Premarkets were at the closing numbers of the SP500 Friday (1379). Markets opened slightly higher but remained flat and trading sideways under very low volume.By 10 am the markets were really slow and lackluster…
more »Friday's Thoughts for 11-09-2012We witnessed the bearish aftermath of the US Presidential Elections on Wednesday and if you haven't guessed this is just the beginning I am afraid. If this isn't a wake up call for the rest of you that have ignored the p…
more »Closing Market Commentary For 11-09-2012When the SP500 futures reached 1388.00 this afternoon the 500 made an abrupt reversal just like magic. I mentioned in the midday report to be careful of Mr. Market (HFT computers) jerking the numbers around. What…
more »Midday Market Commentary For 11-09-2012 Markets continue to melt up recovering half of yesterday's session. Not much to add at this point except to be ready for a quick reversal of unknown proportions. I suspect that the HFT computers are pushing the…
more »pening Market Commentary For 11-09-2012Markets opened slightly down, subdued and accompanied by no other than the low volume syndrome. Suspecting a day off after 2 sessions of decline of somewhat epic proportions the averages muddled through the first…
more »Closing Market Commentary For 11-08-2012Markets continued to melt down during the afternoon session and only the Russell broke down below its channel. However, I do not see that as a game changer as it is still not clear if we are in a bear market or a…
more »Midday Market Commentary For 11-08-2012
Following a very brief run up of lessor portions the averages melted down to yesterday's lows and have leveled out in a lightly trade session. This session is headed for a headline title of lackluster and boring.…
more »pening Market Commentary For 11-08-2012Premarkets were somewhat flat this morning after the punishing 300 fall of the DOW yesterday. Markets opened up slightly, but not unexpected as the averages usually rebound after a crushing decline. The volume was…
more »Closing Market Commentary For 11-07-2012Not a pretty day for the averages and I can't even begin to guess what is in store for tomorrow. The outlook for the markets is dismal to unbelievable poor and it is just a matter of time now before the markets h…
more »Opening Market Commentary For 11-07-2012
Around 10:30 the DOW tested the 200 day MA (13,000) along with the $RUT (807.46) and halted while the 'BTFD dippers' moved in for what may or may not be bargains. All of the averages went below their respected su…
more »Opening Market Commentary For 11-07-2012
The premarket took a dive after it became clear that Obama won his second term. A feeling going around Wall Street economists is now the possibility of discord in avoiding the 'Financial Cliff' that awaits the US…
more »Closing Market Commentary For 11-06-2012
Markets closed up nicely but pulled back from the day's high. All of this on very low volume and I suspect that the algo computers had much to do with this action. We will just have to wait and see how the electi…
more »Midday Market Commentary For 11-06-2012
Had to stand in line to vote for a longer period than expected, but I did get to vote.
Markets peaked out at noon and started melting back down under low volume. If you haven't voted yet, go ahead you won't miss…
more »
Opening Market Commentary For 11-06-2012
Premarket was up this US Presidential Election day and the markets opened likewise on low green volume. Early trading wasn't exactly exciting but that may change as the day wears on. But then again, Greece ma…
more »Closing Market Commentary For 11-05-2012Markets continued to melt up today on really anemic volume which can be attributed to the algo computers. Very weak market and stats and I wouldn't expect much volatility tomorrow. Most likely another lackluster…
more »Midday Market Commentary For 11-05-2012
Morning markets slid upward on low volume which is not at all surprising with the HFT algo computer at work. By 11 am the tide turned and the downward melting began turning the green numbers back to red. The ISM n…
more »Opening Market Commentary For 11-05-2012
Premarket SP500 futures were down to 1402 and by the opening rose to 1407. The 500 closed at 1414 Friday dropped to 1410 at the opening and by 9:45 it was settled at 1412 on low volume of course.
I was expecting…
more »Friday's Thoughts for 11-02-2012Government obstruction, interference and impediment doesn't just affect the working class trying to protect their wealth, it also has done its best to screw those trying to escape the working rat race and enjoy the Golde…
more »Closing Market Commentary For 11-02-2012SPY and the SP500 moved up earlier to the 50 day MA and backed off, not a bullish maneuver. The $RUT has remained in its downward channel, again not exactly bullish.By the closing bell the markets closed down J…
more »Midday Market Commentary For 11-02-2012All morning the averages turned in continuing lower numbers as the markets melted down on low volume. By noon they had leveled out for a breather and volume dipped lower. Afternoon action is believed to be muted i…
more »Opening Market Commentary For 11-02-2012The premarket was up but very choppy making the opening bit unsure of maintaining yesterday's gains. The SP500 gaped up in an uncharacteristically move up which can only mean a move back down in the near future t…
more »Closing Market Commentary For 11-01-2012Markets closed higher with some heavy profit taking at the close and aftermarket action. Most averages have remained within their down channel and below a minor resistance. I expect a minor sell-off at the openin…
more »Midday Market Commentary For 11-01-2012By 11 am the markets reached its high for the morning and have traded sideways but with a bullish flavor. The volume has fallen off to anemic levels and one can only 'guess' what the afternoon session will bring.…
more »pening Market Commentary For 11-01-2012Markets opened about the same as yesterday's session and began to melt back down at the 9:45 mark similar to past sessions. For the opening stats, the range remains the same with the DOW up 0.60 while the $RUT tra…
more »Closing Market Commentary For 10-31-2012Another day and more of the same. We should close Wall Street for a week so everyone can take a vacation because it will be the same when we return; what a joke. Today is reminiscent of last Thursday’s session, y…
more »Midday Market Commentary For 10-31-2012Today is turning out to look just like last week. Pick out any day's chart from last week and insert it for today. So much for the volatility that was being hyped. Low volume, some selling and otherwise a lacklust…
more »Opening Market Commentary For 10-31-2012
Markets opened up as the prremarket predicted, but no higher than last Thursday's high indicating a resistance of sorts. The DOW and the SP500 melted up while several ETF's indicated the markets were going to tur…
more »Closing Market Commentary For 10-30-2012The US Markets were closed all day as most know. The Consumer Confidence report was delayed until tomorrow at a time not yet announced. Other financial news will be important – see chart below for times.Dailyfx…
more »Opening Market Commentary For 10-30-2012Headline reads, New York Paralyzed As Subways Shut Down Indefinitely: Subway Chief: "Worst Disaster Ever"I know it is bad in Manhattan this morning and the US stock market is closed but the World continues to t…
more »Closing Market Commentary For 10-29-2012
The East coast is flooded and I heard from an unconfirmed source that 2 feet of snow is expected after Sandy moves through.
Very little has happen today in the foreign markets and I expect the US markets to be c…
more »Opening Market Commentary For 10-29-2012NYSE Euronext has suspended trading on its markets Monday and ‘pending confirmation’ on Tuesday. As first reported by FOX Business, this move comes after a revolt against the exchange operator’s initial contingen…
more »Friday's Thoughts For 10-26-2012Up to this point in time, this marketplace has been a gigantic suckers rally in my opinion, but one I wished I had been fully invested in. Back in May, 2012 it was absolutely certain the markets were going to fall, but t…
more »Closing Market Commentary For 10-26-2012Up and down, well mostly choppy today as the session ended flat and a tight trading range. This weeks averages ended on a down note and the last 3 sessions have been a consolidating for a move one way of another,…
more »Midday Market Commentary For 10-26-2012
The averages jumped around this morning but with lower highs and lower lows as the averages slowly melt down on anemic volume as we head into the weekend of serious doubt.
All of the major averages are in the red…
more » Opening Market Commentary For 10-26-2012After yesterday's close Apple (AAPL) reported earnings of $8.67 vs $8.75 estimates and the aftermarket plunged. This mornings premarket was at a point where the SP500 futures were down to 1394 off 19 points a…
more »Closing Market Commentary For 10-25-2012Earlier the DOW slipped below the 100 day MA, while the other major averages hovered just above it. Last week, the averages were descending below the 50 day MA and my comments were that we needed to rise back up…
more »Midday Market Commentary For 10-25-2012
By noon the averages melted on down to the last 2 sessions lows on a surprising rumor that Finch was going to lower the US's AAA to something lower, however it has been discounted by most pundits. That hasn't stop…
more »Opening Market Commentary For 10-25-2012Weekly Jobless Claims Fall, Durable Goods Orders Jump in September and the premarket action was muted. By 9:30 the markets opened up with unknown expectations, but hoping the good financial's (chart below) would…
more »Closing Market Commentary For 10-24-2012The afternoon session was about as boring as it can get. From 1 pm on it was super sideways, low volume and an extremely narrow trading range. By the closing bell the many averages took a peak at yesterdays lows,…
more »Midday Market Commentary For 10-24-2012
By noon the markets, which had been sliding sideways under very low volume started to show stronger bearish tendencies by dipping just under the morning lows. Mostly down and flat.
Today is definitively going to…
more »Opening Market Commentary For 10-24-2012
Premarket was up slightly and the World financial reporting looked good for all intent and purpose. Market opened up under low volume ans quickly turned red and has been easing down since. The US financial Housin…
more »Closing Market Commentary For 10-23-2012Not exactly news but the market closed down, but not as far as it was earlier. Mostly the averages moved sideways sense 1 pm with that pesky low volume syndrome, but a tad higher than previous sessions. The 'dipp…
more »Midday Market Commentary For 10-23-2012
I suppose if you call for a down market long enough, like I have been doing for months, you will eventually be correct. This market has been held up by toothpicks for so long I can't even remember when I first mad…
more »Opening Market Commentary For 10-23-2012
Premarkets took quiet a plunge from yesterday's after market action rising to premarkets highs. The market opened down but in line with the decent ratio seen over the past several sessions. The morning negative n…
more »Midday Market Commentary For 10-22-2012Not a whole lot of action today as the volume tappers off. Averages are in the red and remaining flat. I suspect the markets will remain range bound for the remainder of the session, once again putting traders on…
more »Opening Market Commentary For 10-22-2012Premarkets were about where they were on closing Friday. Soon they began to melt slightly lower as we approached the opening bell where most averages were flat in the red on low volume. Interestingly, after such…
more » Friday's thoughts for 10-19-2012 I wrote last Friday that the MSM (Main Stream Media) constantly, bombards us with skewed information that is continually lacking facts that would tell the 'real' story. You Are Being Lied To, Do You Care? Well, much…
more »Closing Market Commentary For 10-19-2012 By 12:20 the 'BTFD dippers' couldn't stand it anymore and jumped in showing a bit of green volume but by 1:30 the bears took over. From the 3 o'clock hour the bulls and the bears battled it out moving mostly sid…
more »Midday Market Commentary For 10-19-2012
Volume leveled out by noon. Still very low by pre 2008 standards, but above the past several sessions indicating more profit taking than usual and those investors that are abandoning ship. As I write the averages…
more »Opening Market Commentary For 10-19-2012
Nothing new here, premarket was down about the same percentage it usually does when it is down. When it is up the same percentage marks its rise. Truly a fixed game it seems. IBM, GOOG and ABT have taken a nose d…
more »Closing Market Commentary For 10-18-2012Markets remained flat and unexciting most of the day except for GOOG trading halted until 3:20 this afternoon. Other than that and more BS coming in from the EU, it has been the same 'ol, same 'ol. I wish the cha…
more »Midday Market Commentary For 10-18-2012
US Leading Indicators rose along with the US Philadelphia Fed at 10 am. The averages bumped up to yesterday's closing and then melted back to where they were. The 'dippers' did jump in at that time showing some he…
more »Opening Market Commentary For 10-18-2012
Premarket futures was down from yesterday's closing and you know it had to happen. But what is unknown is how the market is going to react. If the news is bad it goes sideways, sometimes it melts up and today it…
more »Closing Market Commentary For 10-17-2012The afternoon session largely was a sideways movement where the morning highs were never moved much in a narrow trading range. The DOW had the most trouble staying afloat and the low caps seemed to do well disreg…
more »Midday Market Commentary For 10-17-2012
The 'BTFD dippers' jumped in shortly after the market opened to push the averages to newer weekly highs and quickly approaching a resistance level that was soundly spurned at the end of the first week in October.…
more »Opening Market Commentary For 10-17-2012The SP500 futures fell from yesterday's close of 1454 after this mornings batch of reports including decent numbers for housing starts and building permits (see chart below). The new housing starts, considered a…
more »Closing Market Commentary For 10-16-2012Markets continued their morning climb starting out with low volume that turned into anemic volume and gained some momentum during the last hour. Green was the color but basically made a double top for the major a…
more »Midday Market Commentary For 10-16-2012The morning was for the bulls as they dominated the activity. After a brief pause the march upwards continued on falling volume. This midday rise probably can be contributed to HFT computers activity as volume at…
more »Opening Market Commentary For 10-16-2012
Premarkets were up to 1444, 4 points above yesterday's SP500 close, and then moved sideways until the opening. There was relatively heavy red volume (still low by years past) at the opening bell but the 'dippers'…
more »Closing Market Commentary For 10-15-2012The run-up stopped about 2:30 when minor selling began on light volume. Paused at 3 pm only to run up again making new highs for the day and most importantly, closing above the 50 day MA. What looked like a manip…
more »Midday Market Commentary For 10-15-2012
Markets descended until 10:30 where the averages begun to rise with green volume higher than what the HFT computers are capable of. By noon the DOW which had reached 13,399 started to slip in a move that slaps of…
more »Opening Market Commentary For 10-15-2012Premarket SP500 was up to 1430 (closed at 1428) this morning and by 9 started to show weakness. The Advance Retail Sales came in at 1.1% while expecting 0.8% after the better than expected financial numbers being…
more »Thoughts For This Friday, 10-12-2012This week has been another dismal trading week although it could be reasoned outstanding considering a comet didn't crash into my home. For that I am thankful, but what are the odds of a catastrophic stellar event ru…
more »Closing Market Commentary For 10-12-2012Markets continued trading sideways during the afternoon session with averages sneaking below yesterday's lows. Impossible to glean anything out of the charts as most have been trashed because of the continuing lo…
more »Midday Market Commentary For 10-12-2012
As suspected the gap at 1433.53 on this morning SP500 was covered. The averages in general melted down to areas comparable to the 500's gap and then resumed as melting back up of sorts.
By noon the markets had d…
more »Opening Market Commentary For 10-12-2012Market futures were up clinging to slight gains after U.S. wholesale inflation came in roughly inline with expectations and mixed earnings reports from JPMorgan Chase and Wells Fargo and gradually melted down tow…
more »Closing Market Commentary For 10-11-2012Markets continued to slowly melt down as the bulls have been unable to stop the days decent. Although the averages are higher than yesterday, they remain precariously near the closing numbers of yesterday. It is…
more »Midday Market Commentary For 10-11-2012
Markets melted down slightly coming into the noon hour for no apparent reason except the HFT computers thought it might be a good idea. The volume has been mostly red and trading has remained in a tight narrow ran…
more »Opening Market Commentary For 10-11-2012
Premarkets were up this morning and continued to melt up after the opening bell. Volume turned red by the 10 minute market signaling more weakness ahead. As I have reiterated many times, investors should not expe…
more »Closing Market Commentary For 10-09-2012By 1 pm the markets stopped their decent and leveled out for the rest of the session. Red volume for this and yesterday's session has been heavier than usual, but still regarded low suggestion that only the 2% ar…
more »Midday Market Commentary For 10-09-2012Not much has happened since the opening bell and the markets continue to turn in a lackluster performance. One pundit reports the IMF much gloomier about the global economy while another says the Small Business Se…
more »Opening Market Commentary For 10-09-2012Markets opened mixed and down recovering somewhat, but remaining flat. The 'BTFD dippers' are out in droves battling it out with the bears. The international news is light but some announcements are expected befo…
more »Closing Market Commentary For 10-09-2012For most of the afternoon session the averages moved sideways on anemic volume. By 3 pm that changed and the markets melted down below the morning low point. Volume was red and a tiny bit heavier, but the bears d…
more »Midday Market Commentary For 10-09-2012
By 11 am the bears marched in and took charge melting the averages down in a meaningful way, BUT, the big but – the volume remains low although a bit higher that the normal. It appears the 2% are cashing in their…
more »Opening Market Commentary For 10-09-2012
Premarkets were up this morning but descended sharply at the opening bell under low volume - again. The international news is negative where the IMF says the recovery has deteriorated and cut forecasts seems to b…
more »Closing Market Commentary For 10-08-2012Market closed at levels seen all day. Nothing very exciting as the averages ended the day flat, low volume and a very narrow trading range. The after market has shown some weakness as profit taking was on the ris…
more »Midday Market Commentary For 10-08-2012Not a damn thing has happened since the morning post. Markets remain flat and in a narrow trading range. The volume is actually similar to last weeks averages, low but it hasn't fallen on its face like I thought i…
more »Opening Market Commentary For 10-08-2012Markets opened down where the DOW was off 43 and the 500 was off 5.40. The volume is very low today, but higher when comparing apples to apples; last week average to today. The red volume was higher than the norm…
more »Weekend Thoughts For This Friday 10-05-2012This Friday's rant is going to be shorter than usual because I am depressed and don't want to talk about it more than I have too. I have been witnessing the antics of really stupid politicians around the World…
more »Closing Market Commentary For 10-05-2012I have quit guessing what this screwy market is going to do next, but is perhaps I do not understand the algorithms the HFT folks use. One day the drive the market up and like today, they drive them down.Good N…
more »Midday Market Commentary For 10-05-2012Morning highs at 10:30 was the last of the euphoria of the unemployment drop. As expected the market has been turned over to the HFT computers because of low volume. The trend at the midday mark is down and only t…
more »Opening Market Commentary For 10-05-2012
Premarket numbers jumped upwards on the news of the NFP falling but the volume wasn't there. But before you get excited, the markets move up is comparable to the opening one yesterday. Up yes, but not earthshakin…
more »Closing Market Commentary For 10-04-2012Markets continued to melt up from this mornings lows but on anemic volume. Suspect the HFT computers are the culprit and would expect the averages to melt down tomorrow in spite of a good employment report. Latel…
more »Midday Market Commentary For 10-04-2012
About 10:30 the averages started to melt down as expected to levels just above being flat. The news coming out of the EU is still dismal at least uninviting from an investors standpoint. The volume remains anemic…
more »Opening Market Commentary For 10-04-2012
Premarket DOW was at +56, the 500 up at plus 6 and SPY at 0.64. The key financial reporting had mixed results and the majors sea-sawed a bit when the Initial Jobless claims reported a decline (367K VS. 370K) and…
more »Closing Market Commentary For 10-03-2012About 1 pm the averages rolled over and started to melt back down from the sessions high for the day where the DOW had reached 13536 (+55). By the closing bell the DOW had melted down to +12 points and the others…
more »Midday Market Commentary For 10-03-2012
Sure enough the HFT algo machines melted the markets back up while the volume is low enough for them to manipulate the averages. There has not been any news that would account for the markets rise while the oil a…
more »Opening Market Commentary For 10-03-2012
Premarket was up a smidgin early this morning and when the ADP National Employment Report showed, topping estimates for an increase of 143,000, the markets backed off a smidge.
Markets opened flat with a bearis…
more »Closing Market Commentary For 10-02-2012Market closed up in what is suspect of manipulation from the algo computers. Extremely low volume and the averages shoot up towards the end of the session. The DOW is in the red and most other averages closed in…
more »Midday Market Commentary For 10-02-2012
Markets continued their downward melt as selling pressure mounts from escalating EU fiscal concerns. Red volume remains low increasing the chances that the algo machines will melt the markets back up before the en…
more »Opening Market Commentary For 10-02-2012
Premarkets were up slightly but nothing out of the ordinary. The markets did open up as suggested by the premarket action but like past sessions under very low volume suggesting that investors are still waiting i…
more »Closing Market Commentary For 10-01-2012Interestingly the markets didn't close in the red, but they didn't set the World on fire either. After the nice rise this morning on good PMI news it went to hell in a hand basket shortly after that and ended dow…
more »Midday Market Commentary For 10-01-2012Well, finally I got internet connection again, so I'll give you a recap of the days activity so far. Markets opened slightly higher and it looked like we going to be doing the same thing we have been doing for the…
more »Gary's portion of Econintersect is experiencing internet issues. His commentary will begin once Comcast restores service. This appears to be a continuing issue with Comcast.
more »Final Friday Thoughts For 09-28-2012Well some think you are not to bright. Having read that you are not very bright in a previous article, according to the SEC, Securities Exchange Commission, or lets say not very well informed, there is another group…
more »Closing Market Commentary For 09-28-2012Markets closed just about where they opened. Low volume was the mainstay and the algo computers ruled the action. I wish I could say something positive or negative about the market direction, but can't. No one is…
more » Midday Market Commentary For 09-28-2012Just about noon, the markets decided (or should I say the algo computers) to melt the averages upward a bit. Nothing spectacular but something to take the edge of the morning lows. Will it go up further during…
more »Opening Market Commentary For 09-28-2012
Welcome to the Market world of ups and downs. Around and around we go and where we stop, no one knows. Premarket was down and the markets opened down on low red volume. News out of the EU is sad and dismal, China…
more »Closing Market Commentary For 09-27-2012There was no midday post if you are wondering as we interviewing several banks that went on longer than planed. Markets rallied during the afternoon starting around the noon hour that is being attributed to good…
more »Opening Market Commentary For 09-27-2012Premarket up slightly, financial reporting bad and the markets didn't react. The same 'ol, same 'ol again with low volume and the HFT computers moving the markets where ever they want them to be. Today's session…
more »Closing Market Commentary For 09-26-2012Markets closed down, flat and lackluster. Oh, did I mention the lack of volume? This entire session after 10 am was all about the HFT computers and manipulation of the markets. Financial reporting was bad this mo…
more » Midday Market Commentary For 09-26-2012Markets rose from morning lows but still exhibit bearish tendency’s and low volume. The New Home Sales was lower than expected (see graphics below) and may have had some impact in the market melting up some. B…
more »Opening Market Commentary For 09-26-2012
Premarkets were down a tad this morning and first appeared the downtrend from yesterday was going to be reversed when a bunch of 'BTFD dippers' started jumping in. Didn't last long and when the opening bell sound…
more »Closing Market Commentary For 09-25-2012The markets never got traction today even though every time a dip would occur it looked like a fake-out. Nor was the decline all that spectacular percentage-wise at 3:30 the DOW was only down 0.60% , the SP500 do…
more »Midday Market Commentary For 09-25-2012
Markets are decidedly bearish, but trading in a narrow range and low volume. Not much can be gleamed from today's action in determining a trend. The news this morning was good, but market have decided to sell the…
more »Opening Market Commentary For 09-25-2012Premarket averages melted up from yesterday's closing numbers to within a point of yesterday's highs. By the opening bell the SP500 futures had moved off and down from the morning high point showing some bearish…
more »Closing Market Commentary For 09-24-2012The afternoon session continued to show a bearish lackluster slant. Traders expressed continued concerns about the outlook for the global economy it seemed. The major averages slid into negative territory on the…
more »Midday Market Commentary For 09-24-2012
Markets reached a morning high around 11 am that generally matched Friday’s closing numbers and then started melting down under low volume. As long as we continue to see low volume, expect to see days of lackluste…
more »Opening Market Commentary For 09-24-2012
The SP500 futures fell 9 points after Fridays close to 1444.94 earlier in premarket action today. The US financial's reported at 8:30 had little effect on the already depressed premarket numbers. The U.S. CHICAGO…
more »Thoughts for Friday 09-21-2011In many financial circles it was thought to be a bad idea to implement QE1 back in 2009, personally I wasn't sure back then. Even back then there were many heads shaking in astonishment knowing full well it wasn't going to…
more »Closing Market Commentary For 09-21-2012About 2:30 the market started to melt down further erasing most of the morning gains by 3:30. Just a slow methodical melting from the opening. No volume to speak of, just some light selling throughout the day.B…
more »Opening Market Commentary For 09-21-2012By noon the markets remained in flat territory with a bearish slant. Having coming off the morning highs the traders do not seem to be engaged in buying or selling although the low volume is still higher than it…
more »Opening Market Commentary For 09-21-2012
Premarket started out above yesterday's closing numbers and continued to melt up to the opening bell. At the opening low red volume was immediately apparent and stopped the market ascent dead in its tracks leavin…
more »Closing Market Commentary For 09-20-2012Some averages melted their way back up to yesterday's closing numbers by 2:30 while others like the Russell 2000 remained in the red. Generally the volume remained low with some very small spurts of green when th…
more »Opening Market Commentary For 09-20-2012By noon the averages climbed higher from the morning lows, but remained in the red and flat. Little news on the wires, volume is falling off and the HFT crowd is trying to melt the markets up.Dailyfx reports,…
more » Opening Market Commentary For 09-20-2012The aftermarket went down in a hurry last night Overnight Sentiment: Tumbling Into Global Recession. Premarket action today had the futures down but stabilized and expecting the markets to open significantly l…
more »Closing Market Commentary For 09-19-2012It appears the HFT crowd is having a good time playing in this low volume session by pushing the averages around. First they melt up then melt down, up again . . . You get the point, humans are not allowed in thi…
more »Midday Market Commentary For 09-19-2012
By 10:30 the averages turned around and started melting down. Remember we are talking about miniscule point changes in a lackluster session. These intraday moves are almost not important enough to report. The low…
more »Opening Market Commentary For 09-19-2012Premarket was a teaser as it crept upwards before the opening bell this morning. The Housing Starts created a minor elevation for the SP500 futures bumping it up 1 point or so and remaining there until the openin…
more »Closing Market Commentary For 09-18-2012The markets turned in another lackluster day in what remains of the skyrocket rise last Thursday after the QE3 announcement. Averages moved / melted modestly lower throughout the afternoon session but remain flat…
more »Midday Market Commentary For 09-18-2012
Another session of 'Do Nothing'. Low volume, mixed averages and flat. Trading has been in a tight range and the only players are the HFT crowd. Everyone is sitting this session out waiting for the politicians to f…
more »Opening Market Commentary For 09-18-2012
Premarket was at yesterdays close and remained flat up to the opening bell. The opening volume was low and the averages melted down slightly to stay in the red. As of 10 am there is isn't any direction, volume or…
more »Closing Market Commentary For 09-17-2012By 1:30 I was wondering if everyone just went home as the volume trailed off to abysmal. The it sort of picked up that is if you consider anemic better than nothing. The melting was slightly down as it appeared s…
more »Midday Market Commentary For 09-17-2012By noon I was ready for my afternoon nap after watching the market do absolutely nothing. Flat, low volume and going sideways; HFT playground. Not exactly an exciting place to trade when considering that the excit…
more »Opening Market Commentary For 09-17-2012
Premarket was flat and about where it closed on Friday. At 8:30 Foxnews reported, “The New York Federal Reserve's regional manufacturing gauge fell to -10.41 in September from -5.85 in August. The gauge was expec…
more »Friday's Final Thoughts for 09-14-2012
I thought it would be fun to look at numerous pundits cautionary Do's and Don'ts of investing for the ill-advised, uninformed and, well, stupid investor. For the most part, the cash crowd is long gone so this miss…
more »Closing Market Commentary For 09-14-2012The afternoon market lumbered along having scaled back its morning advance. Volume continues to fall as the markets slide sideways leaving one to wonder why we are not on our way to 15,000 on the DOW after the QE…
more »Midday Market Commentary For 09-14-2012
Noontime rolled around watching the averages melting down from the morning highs. Low red volume indicates some profit taking, but leaves some doubt to the eventual outcome of the 'open ended' QE3 now in effect. A…
more »Opening Market Commentary For 09-14-2012
Premarket was up a few points and by the opening bell the averages continued yesterday's upward move in a slower accent AND low volume. This continued low volume in the face what first appears to be a bullish mov…
more »Closing Market Commentary For 09-13-2012Just what we need – more debt, thanks Ben. So what we have is an 'open-ended' program where the Fed's will continue to buy bonds until “they see a substantial improvement in the job market . . . will buy $40 bill…
more »FOMC Market Commentary For 09-13-2012Fifteen minutes before the Fed meeting some of the markets started to fall and was very noticeable It would be a disgrace if someone had advance notice to the Fed minutes? They didn't drop very far and somewhat reco…
more »Midday Market Commentary For 09-13-2012
Markets did a sea-saw as expected in a tight narrow trading range on low volume. By 11:30 the averages went up as far as previous sessions highs and starting melting down after that as we await the FED's meeting.…
more »Opening Market Commentary For 09-13-2012Premarket futures were higher at 8 am and started to melt down prior to the mornings announcement of unemployment benefits jumping to 382,000 and surging Producer Prices. The SP500 futures then rose up to yester…
more » Midday Market Commentary For 09-12-2012And so another lackluster day goes by. Will we ever see a real market?Oh, wait, the FOMC is tomorrow and that should have some lively effect although there is the looming fiscal cliff December 31st. I know w…
more »Midday Market Commentary For 09-12-2012
By noon the markets did a sea-saw and are back up nearly where they were early on. Low volume, flat and in the exact trading range of the last 3 sessions. By 12:15 it appears we are melting down again but I don't…
more »Opening Market Commentary For 09-12-2012
Premarket futures were mixed at first with a negative slant to them and then just a quickly started to rise. The SP500 started out at 1431 and rose to 1439 by 8:30. By 9 am futures turned bearish. By 9:15 the bul…
more »Closing Market Commentary For 09-11-2012The DOW remained up nicely at +0.52%, but the other averages were down around the +0.30%. I expect to see some sparkler action, definitely not fireworks, in the premarket tomorrow as the German High Court announc…
more »Midday Market Commentary For 09-11-2012
By noon the averages remained in the green with opening low volume sinking further as the session progresses. There have been no worthy news events this morning and none are expected later today.
The markets are…
more »Opening Market Commentary For 09-11-2012Premarkets were up from yesterdays close by a few points and dropping at the release of the US Trade Balance. Immediately rising to previous levels and continuing at the opening. The volume was low and by 10 the…
more »Closing Market Commentary For 09-10-2012Well that goes to show you how much I know. My guessing of late isn't worth a plug nickel, but then again I am not betting in this casino market. I sincerely thought the market would melt up with the help of the…
more »Midday Market Commentary For 09-10-2012
At one point the HFT elevated the markets up where the DOW was up 17 points on falling volume of course. Otherwise the markets have remained flat and unresponsive and will continue to be so today.
Trying to ign…
more »Opening Market Commentary For 09-10-2012Premarket futures were down a couple of points and looking for more of the same today as we have seen for the past several weeks. The real action, if there is any, may come tomorrow if the German High Court can r…
more »Friday's Thoughts for 09-07-2012Several weeks ago I explained the facts regarding the markets Low Volume Means No Investors. Last Friday I wrote Where Are The Investors And Traders? Today we briefly examine why the cash crowd 'Sheeples' haven't returne…
more »Closing Market Commentary For 09-07-2012The entire afternoon went sideways on anemic volume and getting thinner as time marched on. The DOW remained in the red if only by a few points while the Russell 2000 remained in the green up 4 points at its high…
more »Midday Market Commentary For 09-07-2012By 12:30 the markets continued to move sideways while trading is an extremely narrow range with anemic volume. Best described as another do-nothing session with the HFT computers unable to do anything either.…
more »Opening Market Commentary For 09-06-2012Premarket numbers were up a couple of points awaiting the NFP figures at 8:30 and briefly fell like a rock after they were announced. Several commentators remarked that it was a big miss as the NFP came in at 96K…
more »Closing Market Commentary For 09-06-2012Several of the major indices began their decline around noon even though the major averages were still contemplating melting up. MCD started a decisive move down around 11:45 loosing a half point but recovered by…
more »Midday Market Commentary For 09-06-2012
Markets continued to climb during the morning session where the SP500 reached 1430. Surly only to fall from this high perch made of cards. I have little faith in this market to sustain its lofty goals and the bull…
more »Opening Market Commentary For 09-06-2012
Premarkets moved higher at the positive, O.K. Semi positive, ADP employment data and the opening bell sent the markets sky rocketing and that should have excited everyone but for one thing – NO VOLUME! The SP500…
more » Closing Market Commentary For 09-05-2012Today was one of those days that you wish would just go away. Literally nothing today was remarkable even the averages traded within narrow ranges that mimicked yesterday's close.Actually a disappointment i…
more »Midday Market Commentary For 09-05-2012From this morning just the algo computers have been trading and moving the flat market sideways in a very narrow channel. At noon the markets were barely green and going nowhere.No news of any importance and wha…
more »Opening Market Commentary For 09-05-2012Premarket action was mute, moving sideways at yesterday's closing numbers. The first 10 minutes after the opening bell sounded markets were in the green, but ever so slightly and on anemic volume. By the 15 minut…
more »Closing Market Commentary For 09-04-2012Sometime around 2 pm a rally started when GERMAN FM Schaeuble said, “Greece can't expect third bailout.” I guess 'Hopium' is still a viable drug for the markets but I personally smell the HFT crowd as there was N…
more »Midday Market Commentary For 08-xx-2012Had I been here to witness the opening bell I would have been fooled in that Mr. Market was going to ignore the bad financial news from 9 am this morning. The markets opened flat, low volume and not doing anything…
more »Opening Market Commentary For 09-04-2012
Gary is off this morning and will be back for the midday report.
more »Friday's Thoughts for 08-31-2012Last Friday I explained the facts regarding the markets Low Volume Means No Investors and this week I'll try to explain why. First it is important to understand that the talking heads in the financial media aren’t very…
more » Closing Market Commentary For 08-31-2012Interesting day without a doubt. First down, then up, then down – I have lost track. What I have noticed is that the HFT crowd hasn't been able to move above the overhead resistance of the past 2 sessions and…
more »Midday Market Commentary For 08-31-2012
The HFT, DaBoyz and the 'BTFD dippers' have had their fun this morning taking the averages from where many sellers jumped ship back up to new daily highs matching the last two sessions. But clearly not able to pen…
more »Opening Market Commentary For 08-31-2012Premarket SP500 was interesting in that it went from 1398 at the close yesterday to 1412 this morning and backed off to the opening session of 1407. Most averages are in the green and mixed with the DOW up nearly…
more »Closing Market Commentary For 08-30-2012The afternoon was again low volume and the HFT crowd melted the averages up as they always do. Fifteen minutes before the close volume both red and green picked up with the bears wining the tug of war. The entire…
more »Midday Market Commentary For 08-30-2012
About 10:30 the markets showed a decidedly bearish slant as the averages fell to lows not seen since the beginning of August. The DOW went below 13000 for a moment, but other 'support' lines were not violated duri…
more »Opening Market Commentary For 08-30-2012Premarket SP500 was at 1401 around 8 am and gradually melted up and down until 8:30 where numbers were not very good and depressed the market slightly. The market opened flat and down and it appears to be anoth…
more » Closing Market Commentary For 08-29-2012Market advanced to yesterday's highs and backed off to numbers close to the opening bell. The Beige Book indicated the economy is gradually expanding but the news wasn't good enough to offset investors worrie…
more »Midday Market Commentary For 08-29-2012Around 11 am the markets took a moderate dip on low volume on some unsubstantiated rumor that the Bundesbank would being bonds. However, by Weidmann's words, that the Bundesbank will not be endorsing any bond-buyi…
more » Opening Market Commentary For 08-29-2012Premarket SP500 futures were mixed ahead of the US growth numbers which is not surprising as the premarkets have been very sluggish for the past 2 weeks. It took 15 minutes after the growth numbers were annou…
more » Closing Market Commentary For 08-28-2012O.K. The decimal point is off a bit. Believe me my title is as much excitement the whole day had to offer as we suffered through another do-nothing session. Low volume, miniscule movements and stupid excerpts…
more »Midday Market Commentary For 08-28-2012Up, down, up, down and so goes the morning activity on the usually low volume. The SP500 moved within a 9 point span this morning of 4.5 points up and 4.5 points down. The news is thin and apparently the markets a…
more »Opening Market Commentary For 08-28-2012Premarket SP500 futures was down to 1404 then rose to almost 1411 then down again as the markets opened. Another low volume day appears to be here again as the market waits for Ben Bernanke to speak on Friday. At…
more »Closing Market Commentary For 08-27-2012Unbelievable low volume today and the HFT crowd seems to be having a ball. Obviously, no human trader would even consider investing in this pig slop of a market.By the close, on abysmal volume, the markets melt…
more »Midday Market Commentary For 08-27-2012Can you believe the markets eased up starting around 11 am with the lowest volume seen in months. The HFT melted the SP500 up 6 points from it low spot of the morning making a complete reversal as it moved higher…
more »Opening Market Commentary For 08-27-2012Premarket was higher this morning as the SP500 rose to 1415.73 and backed off fractionally to 1412.43 just before the opening bell. The news in the US is nonexistent and from Europe is light and non-revealing. Th…
more »Friday's Thoughts for 08-24-2012 Interesting article (below) in that there are hard to find graphs here that go back to 1997 and gives a meaningful picture of what has been volume wise for the technically inclined. The author, James Bianco, finally cl…
more »Closing Market Commentary For 08-24-2012Low volume and the HFT crowd melted the markets up this afternoon. I was expecting the averages to melt down towards the lows first, but that is what low volume markets are all about. Total confusion, lack of dir…
more »Midday Market Commentary For 08-24-2012
The morning session melted up a bit putting most averages in the green but flat. There were 2 bouts of low to moderate 10 minute volume spikes, one green and one red, but it lead to nowhere and the markets are onc…
more »Opening Market Commentary For 08-24-2012Premarket's were down fractionally and moved back up to yesterday's closing numbers at the opening bell on very low green volume. The morning financial reporting had little effect on trading as it appears once ag…
more » Closing Market Commentary For 08-23-2012Markets edged (melted) down for most of the session as the HFT tried its best during low volume moments to push the averages back up. Not sure just who was doing the selling but it was more that DaBoyz could…
more »Midday Market Commentary For 08-23-2012
Markets melted fractionally up as expected and then melted back down to their starting point minutes after the opening. Not surprising when looking at the volume. Although not as low as some previous sessions, it…
more »Opening Market Commentary For 08-23-2012Premarket averages started falling at 7 am and when the financial report of the Initial Jobless Claims came in the SP500 futures dropped another 4 points to 1407.64. It remained there until the opening bell where…
more »Closing Market Commentary For 08-22-2012The afternoon HFT traffic was quite choppy and melted the averages up a few points as the DOW remains in the red while the SP500 squeaks out a green position of a few cents. The $RUT leads the pack down but off…
more »Midday Market Commentary For 08-22-2012
The markets have traded in a narrow range all morning and the volume was a bit higher than anemic as it moved up to low. Averages continue to be mixed as no one is quiet sure what is going to happen next although…
more »Opening Market Commentary For 08-22-2012The 500 ended up at 1413 yesterday and the futures eased down to 1406 by 7 am today and have generally moved sideways after the low rated financial reporting for the MBA Mortgage Applications came in lower at -7.…
more » Closing Market Commentary For 08-21-2012By 1:30 most of the averages were down fractionally with the $RUT up 1.80 and the DOW down 20. By 3:30 the averages had hit bottom and were melting their way back up again, all of this on low volume. Who is k…
more »Midday Market Commentary For 08-21-2012
The SP500 remained at the 1424 level until 10:30 when it jumped to 1425 melting into the low 1426 region and then started to melt down all on low volume. The suspense hasn't diminished as we watch the market manip…
more »Opening Market Commentary For 08-21-2012
The SP500 premarket melted up from the 1414 area around 8 am to the 1419 level by 9 am and then backed off by the opening. 1422 represents the high made back in April 2nd this year and I have said all along this…
more » Closing Market Commentary For 08-20-2012It is difficult to write anything interesting about a market that doesn't have the momentum to move. The same old crap of the HFT's melting the markets up a couple of points on volume so so low that calling i…
more »Midday Market Commentary For 08-20-2012Leavitt said this morning, “Last week was a good one.”. I sure would like to know what market he was referring to, because the ones I was watching were just as bad as it is today. The 500 moved 4 points on Friday,…
more » Opening Market Commentary For 08-20-2012Premarket was down fractionally and appeared we were going to test the highs at the opening with a fake run up that quickly fell. Minutes later another run-up with a bit more green volume bringing the marke…
more » Midday Market Commentary For 08-17-2012At the opening this morning the averages made an unsuccessful run for the gold ring but were rebuffed by the bears. All session long we have seen baby movements that were less than 2 points on the SP500 and th…
more »Midday Market Commentary For 08-17-2012
Noontime rolled around with the various markets generally doing nothing in moving one way or another mostly mixed. Moderate volume was mostly green up to 11 am, but the averages seemed to melt down fractionally an…
more » Opening Market Commentary For 08-xx-2012Premarket numbers started fractionally lower and then moved up about even with yesterday's closing. Today is options expiration day and in the past several months has been an up day squeezing out the shorts.…
more » Closing Market Commentary For 08-16-2012Markets today have produced the craziest charts today I have ever seen. The only explanation is that the panic prone cash crowd is out of the market and the HFT algo computers doesn't care about charts. The h…
more »Midday Market Commentary For 08-16-2012
By 11 am several averages moved up to previous highs made over the past several sessions, eased up a bit more at noon (SP500 @1413, $RUT@808) and backed off and fraction, but refuse to give up in trying to move hi…
more » Opening Market Commentary For 08-16-2012Morning financial's were mixed and depending on how you want to decipher the numbers, but it appears to be 'not so good'. The premarkets rose a few points and then fell a few points, nothing new here. The Buil…
more » Midday Market Commentary For 08-15-2012The afternoon was generally the same as the morning session – dreadfully boring to say the least. Volume was anemic during the afternoon hours and low at the opening. The total swing for the SP500 was 6 points…
more »Midday Market Commentary For 08-15-2012
By noon the markets have turned in another lackluster achievement of what happens when no one comes to the party. Even the HFT has been unable to move the averages from the 'unchanged line' in the previous 5 sessi…
more » Opening Market Commentary For 08-15-2012Most of us use the premarket action to get a feel on which way the markets are likely to go. The past month hasn't been much help as the opening bell seemingly moves Mr. Market in what ever direction it feels…
more » Closing Market Commentary For 08-14-2012Markets closed mostly down to flat after moving sideways in a tight trading range for most of the day. Around 3:20 pm the markets broke down and out of the morning lows and continued down with moderate volume…
more »Midday Market Commentary For 08-14-2012
By noon the markets have done absolutely nothing as the 500 moved 4 points up from the early morning lows. The volume dropped from moderately low to low and now moving on to abysmal. News from anywhere is not fort…
more » Opening Market Commentary For 08-14-2012Better than what economists predicted the financial reporting this morning at 8:30 am pushed the futures up to where the DOW was up 31, the 500 was up 3.20 at 1409 and the NASDAQ was up 5.50. However, 15 minu…
more » Closing Market Commentary For 08-13-2012Good grief, what a complete joke today's session was as DaBoyz jerked the averages around like play things. First up then down and the up again – all on anemic volume. Some indexes climbed to the morning high…
more »Midday Market Commentary For 08-13-2012Markets edged fractionally lower in the morning hours after the 'dippers' melted them fractionally higher in the first 30 minutes. By 10:30 the markets generally descended to the morning lows but staying well wit…
more »Opening Market Commentary For 08-13-2012Good morning I hope everyone had a terrific weekend and refueled for what could be an interesting news week ahead – hopefully more exciting than last week. This morning in the early premarket action the futures m…
more »Closing Market Commentary For 08-10-2012TGIF – Seriously, I could have taken a cruise to BFE and had more fun this past week. There was a risk rally towards the close on low volume appearing to be HFT generated. Buying into a weekend with bad news galo…
more »Midday Market Commentary For 08-10-2012
No sooner than I published my opening commentary the markets unexpectedly skyrocketed from the morning lows to those mid averages of the past 3 sessions. Thus turning a negative market into one not as negative. St…
more »Opening Market Commentary For 08-10-2012Might be an interesting day depending on how Mr. Market conceives the news coming in from China and Europe depicting a slowing economy. The premarkets were down as the DOW was off 50 points and the 500 off 8 poin…
more »Closing Market Commentary For 08-09-2012
Markets closed flat and mixed after rising up from the averages low at noon. Volume remained low through out the morning and afternoon trading and was generally another lack luster day. Hopefully we will see some…
more »Midday Market Commentary For 08-09-2012Markets milked up fractionally and barely staying in the green. This obvious slowing down and thin trading zones usually signal a top formation is in progress. However, these markets are not the same as they were…
more »Opening Market Commentary For 08-09-2012
Premarket SP500 was down 4 points and slowly recovered to yesterday's closing prices. The first 10 minute volume slice was green and moderate changing what was a solid negative open