| Econintersect Live Market Commentary |
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Gary Is On Vacation Until Tuesday, 28 May
It is my firm belief that the market will still be here when I get back, so fear not somehow we will survive. Don't do anything rash over the weekend and remember Monday the 27th. is a Market Holiday.
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| Markets Close Down, Flat And Mixed |
Closing Market Commentary For 05-23-2013
Market was trading in a narrow range while the volume was in the moderate range. The bulls and bears did the tug-o-war thing most of the day and the bull sorta brought the markets back up to flat and lackluster status. The gap left this morning in the SP500 was just covered as was a few others. The question is are we good to go upward or downward?
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| Averages Melt Up Into Flat And Lackluster Zone |
Midday Market Commentary For 05-23-2013
By noon the averages had recovered slightly (+0.60%) from the morning lows to flat, lackluster and not very exciting status. Volume levels remained in the moderate zone with spurts of 'dippers' jumping in.
Much remains to be seen if the market will move into the green.
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| Markets Gap Down On Opening, Currently Easing Back Up |
Opening Market Commentary For 05-23-2013
Premarkets were down indicating a sizable gap on the opening for some indices. Not entirely surprising to see the markets open down after a negative session like yesterday, but do not be surprised if the averages shoot up sometime during this session to at least close the gaps.
Markets did gap down about 1% on the opening but the volume was anemic and didn't descend any further indicating an unsure investing crowd. By 10 am the averages were slowly recovering, but still very much in the red.
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| Massive Free Fall Sends Averages Down With Investors Worried |
Closing Market Commentary For 05-22-2013
Markets closed down in what is described as the largest high to low drop intraday in the SP500 in 5 weeks. Other averages suffered the same fate dropping almost freefall since 1 pm with heavier than usual volume to go with it.
About 3:30 pm the 'dippers once again saved the day by charging in, buying up all those 'bargains' and melting the averages up a bit. They are probably correct this time anyway.
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| Jitters Push Markets Downwards, HFT Computers Push Upwards |
Midday Market Commentary For 05-22-2013
Right after I posted the morning commentary suggesting that now is the time to be vigilant and cautious, the markets started a melting off the highs in what can be best described as a gotcha. There were a bunch of angry investors that were taken out at the knees when their 'to close' trailing stops were triggered on the fall. But then the BTFD dippers jumped in and stopped the decent at about yesterdays highs.
By noon the averages had climbed back to ¾ of the morning decent on seriously falling volume. The HFT computers are suspect in the current melting up.
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| Markets Open Higher - New Highs Made On High Volume |
Opening Market Commentary For 05-22-2013
Premarkets were up a 'tad' leading speculation of a bull run when the markets opened.
Markets did open up, but not in a spectacular fashion as the bulls and bears battled it out. It first appeared as if the markets were floundering until the higher than normal volume was noticed.
By 10 am the markets had melted up rapidly where the averages were setting new highs where the DOW was up 0.60% and the $RUT was up +0.70% and still going. Now is the time to be very cautious.
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| New Highs And Markets Close Higher, But Weak |
Closing Market Commentary For 05-21-2013
New highs were made again today as the Energizer Bunny Market keeps pushing higher and higher. This kind of news is sure to excite the 'sheeples' into a buying frenzy and help push this long run into a climatic end.
By 4 pm the averages had slipped off the sessions high, but remained in the green in what I would call a lackluster trading session.
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| Averages Recover From Morning Lows And Seeking Higher Ground |
Midday Market Commentary For 05-21-2013
The markets fall this morning was nothing less of clearing out the shorts and catching those with stops that were to narrow to withstand a minor drop. The DOW remained in the green while most averages dropped -0.25%.
By noon the averages had slowly melted back up into positive territory remaining flat to lackluster status. Volume has been low to moderate with an occasional green spike of the BTFD dippers.
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| Markets Open Higher - Serious Fall By 10 AM |
Opening Market Commentary For 05-21-2013
Premarkets were flat early on and at 9 am they jumped up +0.20% but not much of any indication to what Mr. Market had in mind for today. If today ends up, it will be the second longest winning streak since 1968 where the DOW rallied 24 straight Wednesdays.
By 10 am the markets had melted up to near to yesterday’s highs and turned down. The melting began in earnest with a steep drop for 15 minutes with relatively heavy profit taking.
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