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Good evening StockBandits!

The market edged higher again today, creeping back up to new recovery highs in the case of the NAZ and S&P 500.  True to recent form though, it was far from a banner day for the bulls with only modest gains put up across the board and although volume levels improved over Tuesday’s levels, they were still below-average.  For the S&P 500 to have painted a new all-time high, there was still an absence of enthusiasm.

This is a peculiar environment we find ourselves in right now, as [Read more…]

Good evening StockBandits!

Trading continued today, but there sure wasn’t much to show for it by the end of the session as once again we saw very minor net changes as the indexes took a rest.  The S&P 500, DJIA and NAZ each painted inside days, respecting Monday’s ranges.  It almost felt like July 4th week with the extremely light volume (lightest of the year for NAZ/S&P/DJIA), but that’s still a month away! [Read more…]

Good evening StockBandits!

The net changes in the averages today appeared mundane, but there was a little bit of excitement early in the session.  A modestly positive open was immediately met with aggressive selling for the first 40 minutes of the session, without relent.  It was solid red and looked as though it could turn into one very nasty day for the bulls.  However, they showed up – just a little bit tardy. [Read more…]

Good evening StockBandits!

The indexes have rebounded nicely from their mid-May pullback lows, in some cases by more than 5%.  That’s impressive, especially considering that the signals remain somewhat mixed among the averages.  For example, the S&P has broken out to new all-time highs, the DJIA is sitting beneath its highs, the NAZ has cleared short-term resistance but stands well shy of the spring highs, and the RUT’s still acting, well, like it’s a little bit caught in a rut! [Read more…]

Good evening StockBandits!

Wednesday’s pause for the market was a bit like Clark Griswold in the Grand Canyon scene of Vacation.  After shrugging his shoulders and taking in the scene for a whopping 3 seconds, he hurriedly nods his head and says “Ok…let’s go!”  Today we saw the market get right back on the move, and although it did lack momentum, it apparently was not content to rest any longer and went out at the highs of the session. [Read more…]

Good evening StockBandits!

I used to have a roommate in college who, when he was doing what he needed to do, would say he was “TCOB” or “takin’ care of business.”  It wasn’t that he was doing anything over and above what was required of him as a student, but simply that he was doing his part to get by – no more, and no less.  That is a pretty good description of the bulls right now. [Read more…]

Good evening StockBandits!

Hope you’re enjoying a nice Memorial Day weekend, we sure have much to be thankful for considering the freedoms we enjoy and those who made the ultimate sacrifice for it.  If you are active military, retired military, or a reserve, you are appreciated!  Thank you for doing what you do! [Read more…]