Good evening StockBandits!

The trap was set last week following an extended rally and then a hard Wednesday selloff.  We saw a rebound on Thursday and attempt on Friday to follow through to the upside, but [Read more…]

Good evening StockBandits!

Stocks failed from higher prices today to break the streak of advances as the buyers finally went on strike. [Read more…]

Good evening StockBandits!

The NAZ and RUT are still streaking with today’s advance making it 8 straight for each of them.  The S&P, you may recall, had a decline of 0.49 last Wednesday which prevented it from being included in the previous sentence. [Read more…]

Good evening StockBandits!

Last week we saw buyers shrug off the notion that the oversold bounce was merely short-covering, and as a result we saw wire-to-wire strength in the NAZ and RUT. [Read more…]

Good evening StockBandits!

Stocks continued their rebound from last week’s low today with each of them reaching new recovery highs.  Only the NAZ and RUT were able to post gains on the session, although the S&P and DJIA didn’t exactly see big downside reversals. [Read more…]

Good evening StockBandits!

The checkmark-shaped V-bounce which looked to potentially be stalling yesterday caught a second wind today. [Read more…]

Good evening StockBandits!

Today the market averages posted gains, but they were generally modest and it seems last week’s sizzle is starting to fizzle. [Read more…]

Good evening StockBandits!

Last week was a wild one as the market resumed its correction early in the week.  A hard selloff Monday was followed by a feeble bounce Tuesday, then new pullback lows into Wednesday morning. [Read more…]

Good evening StockBandits!

It was indeed a wild session today as stocks traded all over the map. [Read more…]

Good evening StockBandits!

Oversold conditions at last night’s close left bargain-hunters and bears looking to buy, and a gap higher this morning set the tone for the session as a snapback rally ensued. [Read more…]