The Dow rallied for the first time in 7 days thanks in part to a pop in oil prices which boosted energy stocks. At the close the Dow gained 41 points to close at 18,355. The only issue however was the low trading volume which indicates an absence of big players. Several gurus were on…Read more
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The Dow fell for the 7th day in a row dropping 90 points to 18,313 on heavy trading volume. While the Dow has fallen over the past week the NASDAQ has held steady but today snapped a 5 day winning streak. Oil stocks, which are on the Dow, have been lower while tech shares, which…Read more
Stocks finished out the trading week with a weak volume uptick as the Dow closed higher by 53 points to 18,570. Utilities were the leading sector which is not a group usually viewed as “quality leadership” since they usually only do well in times of stress. For the week the Dow gained about 25 basis…Read more
The nine day run in US equity markets is over as the Dow fell 77 points to 18,517. Trading volume was higher indicating the big boys were taking some cabbage off the table. This counts as a distribution day according to IBD. Natural gas pipeline giant Kinder Morgan reported Q2 results today that met profit…Read more
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