TheStockBandit.com

Good evening StockBandits!

The major averages spent last week doing very little and the net changes reflected it.  The S&P gained 2 points, the NAZ lost 1, and the DJIA lost 11.  Meanwhile, the small-cap superstar RUT index tacked on another 1% to again post new all-time highs.  That index is typically more lively than the others, and right now that’s certainly the case as it keeps on adding to the 21% gain it has piled up since mid-November. [Read more…]

Good evening StockBandits!

The NAZ finally broke out through 3196 today, but in all honesty it was more of a technicality than a true breakout.  Highly-anticipated breakouts like the one we’ve been waiting to see in the NAZ aren’t often yawned at when they finally occur, but essentially that’s what happened today.  The tech index closed right at the number after pushing 9 points beyond it earlier in the day, raising additional questions as to why it has been so reluctant to participate in the rally. [Read more…]

Good evening StockBandits!

The indexes painted an inside day today on the daily chart, unable to make any additional progress on the heels of Friday’s push to incremental new highs.  The bulls, for whatever reason, simply aren’t pressing their short-term edge here and are instead allowing stocks to churn and coil near their recovery highs.  Whether that gets resolved to the upside or not remains to be seen, but the buyers are hesitant here and not feeling any sense of urgency to put more cash to work. [Read more…]

Good evening StockBandits!

The averages took a hit to kick off last week, but true to form, the bulls stepped up before it was all said and done.  Short-term trading ranges near the highs were held until Friday when a gap up and an early burst of buying took each of the averages to new recovery highs.  Overall, the net gains for the week were rather light, but the bulls continue to hold their ground despite concerns that this rally has grown long in the tooth. [Read more…]

Good evening StockBandits!

Red, green, red, green…the market has become a bit indecisive here, ultimately resulting in lateral price action in the past few sessions.  While we saw sharp rallies on both Friday and Tuesday following declines, the fact is that neither has produced any follow through.  We’re sitting right near recovery highs and suddenly the bulls seem a little hesitant to really press their edge. [Read more…]