Since my last post … not much has changed in the market. We closed at the same level on 5/22/2012, 5/24, 5/25, 5/30, 6/6 as today. We clearly are in a trading range, where the market can’t seem to make up its’ might as to which way it wants to go. Price wise today at […]
Today’s price action left a foul taste in my mouth. We opened with a large gap up (roughly 1% up), and spent most of the day falling to close flat (Nasdaq was down 0.50%). Volume was restrained, so it was nice to see there wasnt a mad rush for the exits as prices fell. Today […]
Today was a stellar day in the market price wise. All the indexes closed up over 2% on news that Europe is going to finally start taking their financial situation seriously. Banks leds the race up. It is a GREAT example that news can change the perception of all players at a moment’s notice and […]
As much as I hate to say it … the last two days of an ‘attempted rally’ has shown me that we are in for more downside and probably starting tomorrow. It is VERY clear looking at the volume signatures in the market that the institutional investors are not interested in buying. You really don’t […]