Market Commentary

05/17/2013

Long-Term Breakout

by Erin Swenlin Heim

Price rose on the open and appeared to hit resistance at this week's high, but in the last two hours of trading it broke out and headed up.

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05/16/2013

Snap Back

by Erin Swenlin Heim

The market spent most of the day consolidating, but near the finish pulled back a half percent. There were some less than stellar economic reports on top of various Fed officials going on record that they were leaning to tapering off QE.

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05/15/2013

Historically High Indicator Readings

by Erin Swenlin Heim

The market began the day continuing yesterday's rally and hit a new, all-time intraday high. Price backed off and almost went negative, but finished the day rising to hit a new, all-time closing high, but just off the intraday high.

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05/14/2013

Parabolic In the Making?

by Erin Swenlin Heim

Price shot up 1% today apparently on news that big hedge fund manager, David Tepper was "definitely bullish" about the market. After lunch, prices consolidated and even drifted a bit lower, but spent the final hour of the day rising to hit new, all-time highs.

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05/13/2013

Another Consolidation Day

by Carl Swenlin

There was some selling at the open, but ultimately the market didn't go anywhere.

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05/10/2013

Finishing on a High Note

by Erin Swenlin Heim

It was choppy trading most of the day, but the market did manage to smooth out at the end with a steady rise and pop to close on the day's high.

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05/09/2013

Overhead Resistance Holds

by Erin Swenlin Heim

Price started lower, but hit another new high after lunch. After that, price turned back down and ended in negative territory.

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05/08/2013

Overbought Conditions in a Bull Market

by Erin Swenlin Heim

Price moved higher for the fifth straight day. It appeared in the afternoon it might move into negative territory, but it bounced off of support and headed back up.

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05/07/2013

Dow Crosses 15,000; Another S&P 500 Record High

by Erin Swenlin Heim

The rally sailed onward to set more record-setting highs. The Dow passed the magical 15,000 level and the SPX is now up 20% since the November lows.

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05/06/2013

Market Consolidates

by Erin Swenlin Heim

Price moved mostly sideways throughout the day but did manage to log another new high.

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