Kudrna's Stock Market Talk

With the Nikkei (Japan Market) finally rebounding tonight, the bulls are breathing a sigh of relief before Wednesday’s open.  (more…)

A strong gap-up Tuesday morning started a bullish yet concerning trend north that lasted the entire day.  Most market players looking at the charts today think this simply shows a strong bullish move north that means they need to start aggressively buying more long positions but, I see a reason to be concerned. (more…)

We saw one the most highly anticipated Fed meetings this year as the markets trended sideways leading into the result.  (more…)

The Labor Department reported Thursday morning that new claims for unemployment dropped a seasonally adjusted 27,000 to 451,000.  Unexpected bullish news, right?  The markets immediately gapped-up on this information as the bulls found good reason to buy.  Unexpected positive news is almost always met with a bullish move north as it’s rarely priced in.  However, a useful tidbit of information about that shockingly large drop came out after the gap-up.  Bloomberg reported that nine states didn’t file claims data to the Labor Department in Washington because of the Labor Day holiday earlier this week.  California and Virginia estimated their figures and the U.S. government estimated the other seven.  Coincidence in the large drop or not?  We’ll see when the next revision comes out but usually those revisions fail to make headlines as we are already focusing on future claims.  This has been a great cover-up method for a long time. (more…)

The simple answer is yes and that is one major reason why I am not gambling on the news tomorrow.  (more…)

The bulls were looking for a reason to buy at these low levels and today provided that oversold opportunity.  (more…)

After a strong showing Friday by the bulls and the chance to show us Monday that they are finally here to stay, the bulls instead chose to cower in the corner.    (more…)

Monday was yet another reminder of last year’s low volume rallies.  We ended today with the lowest volume of the year.  It seems volume has continued to decrease over the past few weeks and some of it may be very concerned bears and bulls alike waiting on the outcome of Tuesday’s Fed meeting. (more…)

Higher-than-expected weekly unemployment claims was the main headline for Thursday, which ended as the lowest volume trading day of the year.  We had a gap-down this morning that slightly intensified.  Soon thereafter, the bulls pulled out a nice bounce that slowly worked its way higher into the close. (more…)

We started the day off with a small gap-down and market breadth of about 3 to 1 negative.  The bears had an opportunity to gain some ground as the small-caps underperformed once again.  Instead, we saw the bulls fight back on low volume.  While it was unimpressive for the bulls, it was still a win as we continue to test June’s highs and continue to stay above the 200-day moving average in the S&P 500. (more…)