Good evening StockBandits!

The S&P 500 finished with a different color bar than the previous session for the 5th straight session today, jumping back with a solid gain after a decline Monday to challenge the high. [Read more…]

Good evening StockBandits!

Pre-weekend hype centered around a Cyprus bailout ahead of the deadline, and on Sunday evening here in the U.S. we saw the futures express relief that a deal had been reached. [Read more…]

Good evening StockBandits!

The market essentially churned last week with a mixture of advances and declines as traders dealt with concerns over Europe/Cyprus along with the enthusiasm that comes with a market sitting at multi-year (or in some cases all-time) highs.  Ultimately, every one of the indexes finished with single-digit net changes from the previous week, so there really was not much taking place. [Read more…]

Good evening StockBandits!

The FOMC was the main event of the week and today it came and went without much substance to go with the excitement. [Read more…]

Good evening StockBandits!

The title of this post is a bit misleading if I don’t clarify.  I’m not rooting for a deep market correction, I’m simply noting that market participants are buying even minor weakness in a stubborn sort of way – as if they’re worried they may not get a chance to later (at potentially lower prices). [Read more…]

Good evening StockBandits!

The indexes gapped lower as expected to begin today’s session on weekend Cyprus bailout news.  Europe never went away, but concerns were renewed over the weekend and media outlets did their job to sensationalize the importance of it.  That created sell order imbalances, hence the opening gap. [Read more…]

Good evening StockBandits!

The upside pace slowed last week, but the major averages were still each able to post gains.  Along the way, the RUT and DJIA each completed win streaks of 10 straight sessions while the S&P got to within 1% of its all-time high.  Clearly, stocks are still in style for now. [Read more…]

Good evening StockBandits!

The DJIA continued to grab headlines today as it put up its 9th straight advance for its longest win streak in over 195 months! [Read more…]

Good evening StockBandits!

It was another ho-hum day for the bulls today as another dip got bought. [Read more…]

Good evening StockBandits!

It has been said that the most bullish thing the market can do is go up, and that’s what we’ve been seeing a lot of lately. [Read more…]