Large gap higher continuing the last minute move from yesterday followed by consolidation at new high level for the year. Volume was a bit higher than the averagehe long awaited GM bankruptcy was filed but ironically the market attention was on data showing that the manufacturing sector is stabilizing. Dow Jones Indexes said GM will [...]

Market traded is a very tight channel between yesterdays’ close and the R1 line. The day ended with a spike up in the last 5 minutes. Volume was averagehe waiting game for GM bankruptcy continues

The market opened essentially flat and traded very tightly in the morning. At around 1:20, after a failed move to higher prices, a broad-market sell-of took place lasting till the end of the day. The close was a bit below the 900 level at 893.06. Volume was averageMarket quickly forgot the consumer confidence index and [...]

Choppy start of the trading session close to yesterdays’ lows which followed with a classic close of the gap move. After that the steam run out for the bulls and price took a dive again. The last two hours of trading were very choppy and the day closed almost flat from the opening. Volume was [...]

Market opened at the Pivot Point and printed a symmetrical day with a rally to 860, a bounce in 850, a retest of the 860 and a final sell-off to close at the opening level. Volume was high.
Lots of earnings today but mainly Morgan Stanley (MS) posted its second straight quarterly loss and slashed its [...]