Friday was a slow day for the markets. After strong upside into Thursday afternoon, the indices were once again hitting intraday resistance ahead of the closing bell and were falling into corrective mode.

This past week was a rough one for the markets, but particularly for precious metals. The indices were on unsteady feet as the week began, teetering at daily resistance with the latest FOMC meeting on the near horizon. It was the Fed’s announcement on Wednesday afternoon that finally tipped the scale. The precious metals, however, [...]

Good morning traders! I’m going to be on maternity leave until our little guy arrives and then take a few weeks to recover. They put me on bed rest last week and due to a rapid spike in my blood pressure and vision problems, so I haven’t been able to be online much to keep [...]

Poor Data Continues to Weigh Heavily on the Market The week began with a gap up in the index futures Sunday evening following Obama’s announcement that an agreement had been reached regarding the long-debated debt ceiling. These gains were quickly eroded from that point forward despite the plan passing in the House late Monday and [...]

Good day traders! The euphoria that brought about a strong open in the indices on Monday was short-lived. Although Obama announced on Sunday that an agreement had been reached regarding the highly debated debt ceiling, the obvious fact that this did little to solve ongoing budget concerns remained. The futures were already beginning to give [...]

Good day traders! I’ve finally made it to Illinois after a much longer-than-anticipated moving process! It turns out that a one-day trip of 1000 miles can take three days when you have an 8.5 month pregnant woman on board! No new news in that department just yet other than threatening to arrive early in Nashville, but [...]

The main focus heading into Thursday’s session was the kick-off of the latest round of employment data. The market has been sluggish throughout the first half of this week’s shortened trading week and things were looking to remain that way until June’s ADP Employment Report came out at 8:15 a.m. ET. According to the report, [...]

Following last week’s stellar upside move that ranked the week as the strongest in approximately two years, things have finally started to slow as this shortened trading week wears on, giving the indices a chance to catch their breath. Volume has dropped off, which is typical following such a run, and the indices are currently [...]

After a strong start to the week and with the 50-day and 100-day moving averages looming overhead, I went into Wednesday’s close with the impress that, while some more upside was still quite possible, the pace of the buying would slow and we’d start to see some profit-taking ahead of Friday’s closing bell. So much [...]

Good day! Most of the focus for the market over this past week has been upon developments in Greece. On Thursday Greece’s parliament passed an implementation plan for its five-year austerity plan, which was approved the day before. The market has been viewing this in a very positive light and it’s created a much stronger [...]