Scott MartindaleWas that really a breakout? With the S&P 500 struggling around the 2,000 level for the past two weeks, Friday’s strong finish might seem like a bullish breakout. But the market has already given us a couple of false breakouts at this level, and although I see higher prices ahead, I’m still not convinced that we have seen all the near-term downside that Mr.

Today, with no new economic data, the market struggled through its third consecutively negative day of trading after a six-day winning streak.  What’s the difference?  We have traded a dubious, yet serious, problem in Syria for a much more tangible, and perhaps less solvable battle, among Congress.

david / Tag: PKG, LOW, EPL / 0 Comments

As we wind down the summer doldrums, are we heading toward another low-volume August?  Today was one of the lowest volume sessions of the year on the NYSE. Kids are returning to school in some parts of the country already, and many portfolio managers and traders will begin returning to their desks. But what they are finding in the market this week is quite different than they would have seen last week.

david / Tag: AMAT, AMP, ATK, DELL, GPS, HPQ, HS, IOC, LOW, sectors, VECO, WMT / 0 Comments