Good evening StockBandits!

Last week we had some big earnings announcements, we had an FOMC meeting, and then on Friday we had a highly-anticipated jobs report.  Funny enough, none of those things proved to be big market movers.  We did see a bit of a bounce from the pullback lows on Monday, but the strength was muted and the tape reflected a distinct lack of emotion. [Read more…]

Good evening StockBandits!

The morning econ news wasn’t very well-received, and the market traded slightly lower in the early going [Read more…]

Good evening StockBandits!

Today’s action was much more tame than what we saw on Monday, with narrower ranges and fewer reversals [Read more…]

Good evening StockBandits!

Premarket strength set the tone for an upbeat start to the week, but the opening gap to the upside got quickly filled [Read more…]

Good evening StockBandits!

Bulls have had an agonizing weekend after a very poor showing last week.  The bounces which had kicked in the week before did continue – at least initially.  We were seeing strength even into mid-week, but the short-term overbought conditions paired with approaching key levels and it prompted some selling.  In the end, all the averages ended the week lower.  It wasn’t by much.  However, it’s how you finish that matters and the bulls definitely tripped before crossing the finish line [Read more…]

Good evening StockBandits!

The NAZ and RUT each approached their prior bounce highs after 6-day win streaks, but it was a close but no cigar attempt as they each got turned away from their respective resistance zones today [Read more…]

Good evening StockBandits!

Shrugging off short-term overbought conditions and a pre-existing 5-day streak of gains, stocks pushed higher again in today’s session to extend the rally.  Volume was (not surprisingly) still light, which leaves the current lift looking accident-prone [Read more…]

Good evening StockBandits!

The market extended its bounce to 5 sessions today, building on last week’s string of advances [Read more…]

Good evening StockBandits!

The indexes saw a 4-day lift in an abbreviated trading week last week to bring stocks up from their recent correction lows.  Volume was hit and miss and lower highs are still in place, which should make for an interesting battle in the days and weeks ahead [Read more…]

Good evening StockBandits!

The bounce carried over into this morning with another gap to the upside.  Once again, the early strength prompted some cash-raising, although we didn’t quite fill the entire opening gap [Read more…]