Stocks go quietly
Wednesday’s trade was nondescript and firmer, closely fitting the stereotype of a post-Xmas session.
A sheenless session
Some late-day
jitters tied to the need to preserve some of those lush year-to-date
gains took some of the sheen off what had been a decent session Tuesday.
Naturally, no one was really complaining.
A typical intermediate-term stock advance
A typical intermediate-term stock advance
looks something like this: The big averages stage an O’Neil follow-through day*
on the fourth through 10th days of rally off a low.
Profit-takers trample growth stock glamours
Stocks kicked
off a historically favorable week on a flat note Monday, as
profit-takers trampled some of the growth stock glamours that had tacked up big
numbers in recent weeks.
Everywhere strength
Thursday’s strength was ubiquitous. Everything
moved. And everything grooved.
If not down, then up
The market’s
action of Tuesday and Wednesday, in my view, was nearly as impressive
as any session over the past few weeks.
Fed on hold; stocks explode
The message of
Tuesday’s market is that technology is far stronger than most could
have imagined just a day ago.
And the beat goes on
On the surface, the major averages have yet to show meaningful signs of distribution as the-train’s-leaving-the-station-so-I’ve-got-to-jump-on-board rally chugs on.
Bonds soak stocks
A sixth straight
day of fatter bond yields doused most U.S. shares in cold water
Monday, though the tech complex managed to dodge the damage.
Techs uneven
The
triple-witch muddied Friday’s waters some, contributing to a
final-hour downdraft that left technology issues with an uneven look at the
closing bell.
Not a bad showing
Investors turned
the other cheek to a fourth straight day of higher bond yields
Thursday, marking up technology shares across a broad swath.
A spotty showing
Though
tech sector gauges rebounded decently Wednesday, a closer look
beneath the surface revealed a spotty showing at best.