Good evening StockBandits!

Morning skittishness was once again overcome by afternoon enthusiasm as the NAZ climbed back from the red to finish flat and the S&P, RUT and DJIA each posted gains.  This is becoming a bit of a predictable routine of late as mild profit-taking never really takes hold and the buyers step in to defend even the smallest of pullbacks. [Read more…]

Good evening StockBandits!

Another day, another avoidance of downside for the bulls.  To them right now, every bit of upside counts.  They want to press their edge, which gives them as much breathing room as possible for a pullback to potentially hold above the breakout zones they just recently cleared.  It’s true they’ve proven themselves with all this strength of the past few weeks, but equally important is the fact that they also haven’t let prices slip. [Read more…]

Good evening StockBandits!

The blue chips added to their recent breakouts in a holiday-shortened trading week as the bulls went 4-for-4 in the DJIA and S&P 500.  The RUT and NAZ each went 3-for-4, which wasn’t at all bad with the RUT ending at new all-time highs while the NAZ rebounded from a real hammering in AAPL. [Read more…]

Good evening StockBandits!

The upbeat news from GOOG last night delivered the nudge the NAZ needed today to push it past 3144, but it sure didn’t catch fire.  The tech-heavy NAZ stayed within a very tight intraday range of just 12 points in today’s session, making for a very indecisive tape.  It stayed positive though, knowing that the biggest of the bunch (AAPL) was set to report tonight.  Meanwhile, the blue chips gained modest ground as small-caps slipped a small amount in a very uneventful session. [Read more…]

Good evening StockBandits!

Following the 3-day weekend, stocks opened the holiday-shortened week somewhat flat in search of direction.  During the opening hour, they came under some pressure with each of the indexes moving into the red with some selling prompting a retreat from the morning highs.  It didn’t last long though, and by noon the indexes had recovered.  That bounce found follow through to see new session highs being made in the afternoon. [Read more…]

Good evening StockBandits!

The market was able to post another advance last week as blue chips broke out to a new multi-year high in the S&P 500 and small-caps continued to reach new all-time highs.  The DJIA worked its way right up to the 52-week high, giving it a shot to achieve a breakout this week, while the NAZ made only modest progress to lag each of the other averages. [Read more…]

Good evening StockBandits!

AAPL bounced to lift the NAZ slightly today, but aside from that there wasn’t a whole lot else going on.  There was a gradual lift intraday which diminished the effects of a soft open, although momentum was absent as the bulls again toed the line of 1474 for the S&P. [Read more…]

Good evening StockBandits!

Small caps continued to lead today by nudging past the 883 short-term highs after testing the downside briefly this morning.  To see the bulls again step in on even minor weakness in the more speculative names points to a healthy appetite for risk.  Meanwhile, the S&P 500 edged higher again without breaking out, which seems quite difficult to do given the incredibly close proximity to 1474.  Perhaps we see a new 52-week high made in the next couple of sessions, which should also give us a bit of a gauge for how intent the bulls are to press their short-term edge. [Read more…]

Good evening StockBandits!

First, some housekeeping…. [Read more…]