Good evening StockBandits!

The new week kicked off without excitement today as the major averages simply churned at their highs.  The intraday action was uneventful with a NAZ trading range of less than 13 points and an S&P 500 range of less than 6. [Read more…]

Good evening StockBandits!

Last week we saw breakouts in the major averages from their 3-week trading ranges with new multi-year and in some cases all-time highs made (DJIA, S&P 500, RUT).  The NAZ saw a big burst higher, while the others eased past short-term resistance to test the waters a bit on the upside.  It was a unanimous breakout, but the degree to which we saw strength varied.  It leaves traders wondering…is this really a breakout, or isn’t it? [Read more…]

Good evening StockBandits!

The day began with some strength ahead of the Fed and a minor gap higher, but that faded and as the big event drew closer the NAZ was actually attempting to get into that gap. [Read more…]

Good evening StockBandits!

The NAZ was able to make a new high today, but was unable to inspire the others to join it. [Read more…]

Good evening StockBandits!

The high-level standoff continued today as the indexes spent another day beneath breakout territory. [Read more…]

Good evening StockBandits!

The major averages made no progress last week, and instead simply churned near their recent highs. [Read more…]

Good evening StockBandits!

The indexes each sat in positive territory early in today’s session, but none maintain their gains. [Read more…]

Good evening StockBandits!

It was another narrow-range session today with the NAZ being the only among the major averages to see any increased volatility. [Read more…]

Good evening StockBandits!

The market finished green today again, but it was just a technicality for the bulls given the minute gains we saw. [Read more…]

Good evening StockBandits!

The indexes each reached new highs last week, but the way they did it left something to be desired. [Read more…]