Good evening StockBandits!

There was no first-of-the-month strength today as traders apparently had greater interest in spending their money on Cyber Monday deals instead of stocks. [Read more…]

Good evening StockBandits!

I hope your Thanksgiving holiday was great all around.  I was fortunate to celebrate with family and never did run out of reasons to be thankful. [Read more…]

Good evening StockBandits!

Thanksgiving week is typically extremely light in terms of volume, but it can still have a bullish bias to it.  Monday’s action was lackluster, but today we got a subtle rally as some morning shakeouts never produced worry and stocks again found a bid. [Read more…]

Good evening StockBandits!

The bulls and bears scratched today as the indexes finished little-changed and mixed.  The DJIA gained a whopping 7 points while the NAZ added 2, with the S&P 500 losing 2 points as the RUT finished incrementally lower. [Read more…]

Good evening StockBandits!

A 3-day pullback to kick off last week left bulls itching to put cash to work, and that’s just what they did.  By the close on Friday, the RUT, S&P 500 and DJIA had each broken out to new all-time highs. [Read more…]

Good evening StockBandits!

The three day streak of afternoon selling was snapped today as stocks rallied throughout the morning then added to their gains (albeit at a slower pace) during the afternoon. [Read more…]

Good evening StockBandits!

It’s great to be back from a week of vacation, and I hope you’ve fared well in my absence.  We had some good times at Disney but there’s no place like home!

Three of the four averages I watch daily hit new highs on Monday, but each have since pulled back. [Read more…]

Good evening StockBandits!

The eerily quiet trading continued today with another narrow-range session as the major indexes painted minimal net changes on slightly improved but below-average volume. [Read more…]

Good evening StockBandits!

I want to start out by saying that if you have in the past served or are currently serving the U.S. via the armed forces, Thank You!  I truly appreciate the untold sacrifices made by the few for the benefit of freedom for the many.

Turning to the market, the most exciting part of today’s session was the first 100 minutes as stocks zig-zagged across the flat line without ever committing to a direction. [Read more…]

Good evening StockBandits!

The selloff that hit stocks so hard on Thursday was completely undone on Friday with a snapback rally hard enough to give the bears whiplash.  The S&P 500, for example, lost 23.34 on Thursday then rebounded 23.46 on Friday in a mirror-image type of reversal. [Read more…]