Good evening StockBandits!

Following weeks of flirtation with all-time highs, the S&P 500 finally cleared the 1576 high from 2007 last week on Wednesday.  The DJIA continued its run toward 15k, while the NAZ left its high-level trading range for the second time in three weeks.  The index which failed to clear highs (or even approach them) was the speculative small-cap RUT.  That sent some mixed messages to traders, and the big questions now are what does it mean, and who is getting trapped here? [Read more…]

Good evening StockBandits!

The ramp off last Friday’s low continued today as stocks got bid up aggressively. [Read more…]

Good evening StockBandits!

Today the indexes continued their respective rebounds from the opening lows of last Friday as the DJIA and S&P 500 each pushed into new-high territory following a dip right off the opening bell. [Read more…]

Good evening StockBandits!

The Friday morning dip has been erased to this point by almost all of the major averages. [Read more…]

Good evening StockBandits!

The tone shifted last week a bit as we saw each of the major averages give up some ground. [Read more…]

Good evening StockBandits!

The RUT provided some meaningful clues last week with its refusal to break out, despite the other indexes putting up new highs. [Read more…]

Good evening StockBandits!

The relative weakness seen last week in the RUT as the other indexes broke out was highlighted here over the weekend and discussed again last night. [Read more…]

Good evening StockBandits!

Last week’s breakouts to end Q1 came ahead of a 3-day weekend and were only incremental, placing great importance on the bulls’ ability to produce follow through this week to validate those breakouts. [Read more…]

Happy Easter StockBandits!

The major indexes were able to post new 52-week highs by the end of last week, despite some choppy price action for much of the 4-day week. [Read more…]

Good evening StockBandits!

The S&P 500 is on a new streak – not the kind of consecutive advances or declines, but a streak of consecutive days with closes on different sides of flat from the previous session. [Read more…]