Good evening StockBandits!

It was a pretty uneventful session today with a soft open which was quickly bought, an intraday uptrend for much of the session, and then a bit of backing off late in the day. [Read more…]

Good evening StockBandits!

The fourth quarter began today with a government shutdown and the market essentially yawned about it. [Read more…]

Good evening StockBandits!

Worry over a government shutdown prompted futures to open lower Sunday night and they never improved until after the opening bell for stocks this morning.  We saw a 1% gap lower to kick off the week, but the lows of the session were set in the opening minutes of the day. [Read more…]

Good evening StockBandits!

The indexes separated from each other last week with small-caps and techs holding up rather well while blue chips and financials pulled back.  Traders have been waiting for signs of a reunion ever since, but so far the mixed messages have continued. [Read more…]

Good evening StockBandits!

**SFUN PRICE CORRECTED**

Bears in need of a dip have gotten it.  Simultaneously, underinvested bulls have been wanting a pullback, and they’ve gotten it. [Read more…]

Good evening StockBandits!

Stocks were soft for the opening hour today as each of the main indexes dipped into the red again, but a mid-morning reversal reminded us all that the bulls haven’t gone home yet. [Read more…]

Good evening StockBandits!

It was a reversal-prone session today as stocks opened higher, quickly filled the gap to move well into negative territory, lifted slightly from mid-day into mid-afternoon, then spent the final 2 hours chopping around aimlessly into the closing bell. [Read more…]

Good evening StockBandits!

The market rallied further last week, shunning the seasonality reputation September is known for.  It’s been a strong month so far, one of the better of 2013, and the bulls have maintained control.  The main event was the FOMC on Wednesday afternoon, and the absence of tapering left stocks screaming higher – for a little while. [Read more…]

Good evening StockBandits!

For months, traders have anticipated the September FOMC meeting to be the one where tapering begins, but the main event of the week came to pass today without any change on that front.  Traders immediately celebrated the ongoing QE and prices certainly changed, with stocks spiking sharply higher on the news at 2pm ET to take every index to new highs. [Read more…]

Good evening StockBandits!

The bulls claimed another victory today as the S&P 500 went 12-for-14 to leave it just a few points from a new all-time high. [Read more…]