http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-11-12.htmlThe U.S. dollar index futures market is getting its 15 minutes of fame. What was once a rarely spoken about futures contract is now garnering attention from CNBC and Fox Business news. The greenback has been relentlessly grinding lower in recent months but is beginning to show temporary signs of life. If you follow currency trade, you have likely read about the carry trade that has allowed the U.S. currency valuation to drop beneath what the fundamental value might actually be. Carry tradersThu, 12 Nov 2009 23:36:54 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-11-12.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-11-09.htmlDespite all of the pent up anticipation over today's employment report, it turned out to be less than exciting. According to our sources, there were only 40 locals standing in the pit near the close...the others had already welcomed the weekend. As you have probably already read, the non-farm payrolls were reported as a draw of 190,000 and the unemployment rate finally hit the dreaded 10% mark. However, the numbers weren't too far off of the mark and had, more or less, been priced in. AnMon, 09 Nov 2009 01:59:33 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-11-09.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-11-04.htmlAll eyes were on the Fed in early morning trade. Uncharacteristically, the financial markets experienced a notable amount of volatility in pre-announcement trade. In more typical circumstances, the markets remain range bound into the interest rate decision; this time around the S&P rallied sharply ahead of the news. The Fed expectedly left rates unchanged but some argue that their policy and their language contradict each other. According to the accompanying commentary, the U.S. economyWed, 04 Nov 2009 23:25:24 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-11-04.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-10-27.htmlA stronger dollar and plummeting crude oil forced stocks lower, as investors sell their energy shares and worry about the profit potential of multi-national corps. However, the day started with the opposite sentiment and saw the December S&P futures peak out at 1088.50...a far cry from the daily low of nearly 1061. Dramatic and unpredictable price swings have dominated trade in recent sessions suggesting that investors are extremely fickle in their opinions. In the past, I have noticed thatTue, 27 Oct 2009 01:11:21 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-10-27.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-10-17.htmlStocks traded moderately lower on lackluster earnings and mixed economic data. Bank of America reported a loss of $2 billion, sending a reminder to investors that improvements don't necessarily mean cured. The University of Michigan's consumer sentiment index fell to 69.4 after posting 73.5 in the month of September. The sharp downturn doesn't bode well for the ability of consumers to pick up the slack. In a similar theme, GE reported weak profits last quarter due to losses in its business loanSat, 17 Oct 2009 00:31:32 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-10-17.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-10-10.htmlOur friends on the CME trading floor mentioned at one point in the day that there were only 30 locals standing in the S&P trading pit, this is about 100 less than what might be seen on a good day. They also mentioned that those that were there, must have been married (aka nothing better to do). I think that this best sums up the uneventful trading session. The most significant news story of the day was President Obama's victory in the Nobel Peace Prize award but I doubt that the news hadSat, 10 Oct 2009 00:04:34 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-10-10.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-10-08.htmlA good start to the earnings season looks to have greased the way for a retest of the major highs in the indices. Kicking off the good news was a reported profit from Alcoa Inc. The news hit the wires yesterday after the bell and it took a little longer for the futures market to react but sure enough the major indices made their way higher into Thursday morning. Also helping the market to retain gains after such a strong up-move, U.S. retailers posted their first monthly sales increase in moreThu, 08 Oct 2009 23:31:11 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-10-08.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-10-02.htmlThe highest unemployment rate since June of 1983 sparked another round of early morning selling pressure. However, as calmer heads prevailed the indices were able to recover from the lows. The unemployment rate was reported in line with expectations at 9.8%, still below the benchmark 10% but dire nonetheless. For those of us in Nevada, and a few other hard hit states, the rate is between 13% and 14%. What was a surprise to the market was a larger than expected decline in non-farm jobs. The U.S.Fri, 02 Oct 2009 21:21:13 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-10-02.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-09-30.htmlMixed economic news ultimately resulted in mixed trade in the equity market. The major indices made attempts at price moves in both directions, but seemed to be drawn to the unchanged mark. After what felt like an endless string of relatively optimistic economic readings, the data is beginning to soften up. The question going into the rest of the week's overloaded data calendar is whether or not the market can continue to accept "not so bad" news as good news. Yesterday's rally was impressiveWed, 30 Sep 2009 01:38:06 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-09-30.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-09-18.htmlI found it ironic that the Associated Press ran a story on today's stock trade with the headline, "Stocks Rise in Volatile Quadruple Witching Trade". The September futures expired this morning on a high note, the rest of the session saw consolidation trade. Looking at volume data and based on communications from the trading floor, most traders simply took the rest of the day off (or perhaps they never showed up in the first place). At one point during the day it was noted that the S&P openFri, 18 Sep 2009 20:32:33 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-09-18.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-09-17.htmlThe rally took a breather ahead of option expiration but the bulls didn't give up much ground despite technicians calling for an overbought correction. This morning's news was positive, but arguably priced into the action. According to Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey, "There was some positive economic news that didn't really do anything (for the market), so that's another sign of exhaustion." According to the government, the net worth of U.S. citizensThu, 17 Sep 2009 23:50:28 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-09-17.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-09-15.htmlConcern over a trade dispute between the U.S. and China triggered overnight selling in the futures markets but the pressure subdued and eventually the markets turned positive. All in all, it was a relatively positive day for the markets and contrary to the expectations of many, the bull is still going strong. A speech delivered by President Obama seemed to have a positive impact on trade, or perhaps it was simply that it didn't have a negative impact that is important. Mr. Obama warned theTue, 15 Sep 2009 01:06:36 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-09-15.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-09-11.htmlA relentless uptrend was given another boost by Treasury Secretary Timothy Geithner's comments on the financial system recovery. Today's gains marked the fifth consecutive day of green prints and could signal follow through buying in early morning trade. Nonetheless, it seems as though some back and filling or maybe even something much larger could be on the horizon. Gains have been made on light volume and suspect fundamental news. Realizing that the market and the economy are two separateFri, 11 Sep 2009 00:45:47 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-09-11.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-09-09.htmlMerger and acquisition news awoke the sleeping bull. From an investor point of view, if firms are willing to initiate large business transactions then they must be optimistic about the prospects of business going forward. Accordingly, if the "big bucks" are investing the recovery so should the retail trader....right? Well, at least for now that is the current market theme and it seems as though the rally has some room to run. Also helping move the markets higher, the world's largest 20Wed, 09 Sep 2009 01:09:46 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-09-09.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-09-03.htmlToday's session was in stark contrast to yesterday's trade. Tuesday's plunge occurred on the highest volume in months but today's consolidation had little in the way of order flow. Also, the erratic and highly volatile price action in yesterday's session was nowhere to be found. It is possible that the market will be on hold until Friday's job report. The FOMC minutes of the most recent Fed meeting was released but turned to be a relative non-event as far as the market was concerned. FedThu, 03 Sep 2009 01:11:18 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-09-03.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-08-28.htmlThe Dow Jones Industrial average stretched its winning streak to 8 on Thursday after overcoming a swift early morning dip. The financial and industrial stocks lead the market higher despite pessimistic news on the health of the banking sector. The FDIC reported that its fund fell 20% to $10.4 billion in the second quarter to reach its lowest level since 1992. There is some concern that the fund could fall to, or even below, zero as 2009 progresses. The Federal Deposit Insurance CorporationFri, 28 Aug 2009 00:48:46 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-08-28.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-08-26.htmlThe trend is up in equities and fighting it has been a losing battle for the bears; however, the upside seems to be limited. September and October are the last of the "worst sixth months" of the year for equities and they have troubled track records with seemingly high instances of volatility. In fact, the Stock Trader's Almanac refers to October as the Jinx month because it has been the host of several crashes. It was brought to my attention that today is the 22nd anniversary of the beginningWed, 26 Aug 2009 01:09:10 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-08-26.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-08-21.htmlA swift dip in overnight trade was quickly reversed, and resulted in a move that brought the S&P approximately 30 handles from its low. Better than expected housing numbers and comments from Fed chair Ben Bernanke were likely to blame. However, it felt like there were a lot of bears jumping on the correction bandwagon so I am sure that there were a lot of large bets placed. Now that the squeeze is on they are scrambling. It seems like much of the buying might have been done by short callFri, 21 Aug 2009 21:24:24 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-08-21.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-08-20.htmlEquities have failed to make progress in either direction despite some impressive selling pressure and equally swift short covering. Choppy price action combined with the upcoming option expiration and notoriously thin seasonal trading volume makes for a tough market to trade. If it weren't for the weekly crude oil inventory report, it may have been a rather devastating day for equities. Futures traded considerably lower in overnight trade and looked to be headed toward the mid 960's beforeThu, 20 Aug 2009 01:11:38 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-08-20.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-08-14.htmlEquities have been trading relatively violently between major support and resistance areas for some time. The choppy, yet directionless, trade has complicated speculation tremendously. As a result, many traders took much of the day off. According to our sources at the CME, there were approximately 10 locals standing in the S&P open outcry pit in late afternoon trade. To put this into perspective, on a busy day there may be as many as 160 and on a slow day somewhere in the 50's. A numberFri, 14 Aug 2009 23:46:03 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-08-14.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-08-12.htmlThe longs have finally been convinced to take some of their profits off of the table. Despite what might have occurred given the dramatic gains, the selling pressure was moderate at best. Investors are looking forward to the Fed's comments regarding the state of the economy. Oh yeah, and they also might be interested in the interest rate decision. We have been suggesting that the rally has gotten away from what may be the reality, and the Fed's wording could have a large impact on whether theWed, 12 Aug 2009 00:16:50 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-08-12.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-08-08.htmlEquities rallied to 10-month highs following a better than expected, but still arguably terrible, employment report. The day's excitement was sparked by news of an unemployment rate of 9.4% and a loss of approximately a quarter of a million jobs. However, stocks don't necessarily need proof of economic growth to move higher all they need is the expectation of such. This is what we are seeing now. On a side note, Home builder stocks benefited from better than expected earnings from Beazer HomeSat, 08 Aug 2009 00:53:19 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-08-08.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-08-06.htmlDespite multiple attempts by the bears, equities refuse to stage a correction. The three-week rally has been resilient, but whether or not it is healthy is another question. The day's news was questionable at best, but traders likely won't make any dramatic moves until the release of Friday's non-farm payrolls data. In the meantime, they are digesting news that the ISM services index showed more contraction that previously calculated and ADP is predicting more job loss than analysts wereThu, 06 Aug 2009 01:08:48 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-08-06.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-07-31.htmlToday marked the end of a significant month in equities, but one may not have realized it by looking at intraday trade. The month of July saw a rally that, in terms of percentages, was the strongest seen since 2002. Traders were relatively undecided on the fate of the equity rally following a better than expected advanced GDP estimate for the second quarter but a simultaneous revision downward to first quarter growth. Second quarter Gross Domestic Product is estimated to be a negative 1% asFri, 31 Jul 2009 21:26:07 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-07-31.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-07-30.htmlTumbling Asian markets and freefalling crude oil kept tabs on the U.S. equity rally, but there is a certain lack of enthusiasm behind the selling. Accordingly, there are likely to be a lot of nervous bears in this market....and another extension of the short covering rally isn't out of the question. The market started the day on bad footing with news from the Commerce Department suggesting that orders for big-ticket items have slide by 2.5% in the month of June. The decline in durable goodsThu, 30 Jul 2009 01:06:04 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-07-30.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-07-27.htmlAfter an astonishing two-week rally that lifted the major indices approximately 11%, stock market bulls finally took a breather. Perhaps it has come to realization that the positive earnings have been posted on expense cuts rather than strong revenue figures. Nonetheless, the most recent round of earnings reports weren't as optimistic as those released last week. RadioShack Corp. beat analyst estimates (admittedly on cost-cutting) but Aetna Inc. and Honeywell International failed to meetMon, 27 Jul 2009 23:22:22 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-07-27.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-07-22.htmlThe major indices finally broke their winning streak but the selling pressure was moderate. This may suggest another retest of the highs, or slightly new highs, are in the cards. Despite today's minor digestion, we feel as though a larger correction is looming at some point. However, we also can't rule out a continuation of the squeeze to elect buy stops in the 958 area of the September S&P. If this happens, we could see 960/962 before running out of buyers. In the meantime, investors areWed, 22 Jul 2009 00:26:24 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-07-22.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-07-20.htmlEven the bulls are likely a little surprised by the resiliency of the most recent broad market rally. A positive earnings season and a possible resolution to the CIT insolvency has managed to propel equities nicely higher from last Monday's early session lows. CIT Group has apparently struck a deal with its bond holders to avoid bankruptcy. This comes after bailout funds requested from the fed failed to come through. The market was pleased with the news given the potential consequences of aMon, 20 Jul 2009 21:33:49 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-07-20.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-07-16.htmlData suggests an uptick in inflation, the Fed declares double digit unemployment is looming but...according to the central bank the U.S. economic is predicted to shrink between 1 and 1.5% this year, and improvement over the previous 1.3 and 2%. The markets may have celebrated today, and we may even get a little more follow through tomorrow as the last of the bulls are suckered in and the bears squeezed out but I have a feeling that there will be some buyer's remorse in the coming days.Thu, 16 Jul 2009 01:39:59 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-07-16.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-07-14.htmlWe have been pointing out the correlation between equities and crude oil and have mentioned that stocks will need a turnaround in the crude pit in order to get a rally going. However, as it turns out...all that the market needed was for crude prices to stop going down. With the August crude contract trading near unchanged for much of the day, a green light was given to buy equities ahead of the bulk of the earnings season. It seems as though much of the day's buying was short covering and/orTue, 14 Jul 2009 02:03:31 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-07-14.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-07-10.htmlEarnings jitters, a weaker than expected Michigan Sentiment index, and a lack of reasoning to be bullish allowed equities to creep lower for much of the day. This marks the fourth consecutive week of losses for the major indices. However, there is a bright side; the selling has been orderly. That doesn't mean that stocks won't continue to decline. In fact, we still think that the mid to low 800's are likely in the September S&P at some point in the next few weeks. However, it does suggestFri, 10 Jul 2009 21:33:21 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-07-10.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-07-08.htmlWed, 08 Jul 2009 01:25:44 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-07-08.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-07-02.v02.htmlEquities suffered from low volume and poor economic news on the last trading session before the 4th of July celebration. Rumors of a possible North Korean attack on Hawaii, although not necessarily credible, also worked against the markets. Our prediction that traders would disappear shortly after the release of non-farm payroll numbers seemed to be relatively accurate. Volume was at a bare minimum in post-announcement trade. The headline numbers weren't a big surprise; an estimated 467,000Thu, 02 Jul 2009 21:00:46 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-07-02.v02.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-07-02.htmlThe day was chock full of mixed economic data, but equities found a way to trade higher. Coming into the day, statistics pointed toward a positive trading session as the first trading day in July has historically had good outings. Not surprisingly, it seems as though mutual funds were on the buy side of the markets in early to mid-session trade; however, the buying quickly dried up. Richard E. Cripps, chief market strategist for Stifel Nicolaus commented on the day's action, "Some of the buyingThu, 02 Jul 2009 01:05:35 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-07-02.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-06-26.htmlConsumers are confident, but not spending Volume and excitement were on the light side ahead of the weekend, leaving me with very little to write about. The University of Michigan reported a slightly higher reading in its consumer confidence reading but consumer income and spending data suggests that Americans are still tight fisted. As a result, investors found little incentive to continue yesterday's rally. Personal income and spending numbers point toward the highest savings rates in years.Fri, 26 Jun 2009 20:38:22 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-06-26.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-06-25.htmlStocks soar, but tomorrow may be different After what seemed to be a quiet open, trade quickly turned into a mass of buy programs. According to our sources, short covering triggered buy stops then the sharp reversal triggered technical buy programs...and the rest is history. The buying was said to be attributable to homebuilder and retail stocks. Homebuilding shares benefited from an announcement by Lennar Corporation reporting that orders for new homes had jumped 63% during the secondThu, 25 Jun 2009 20:52:44 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-06-25.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-06-24.htmlStock trade was stagnant on Tuesday; investors are preparing for tomorrow's concluding remarks of the FOMC meeting that began today. It is widely expected that the Fed will leave the target overnight rate at its current range of 0 to .25%. However, a lack of action in terms of monetary action doesn't necessarily mean that the markets can't get excited about any hints that the Fed has to offer in terms of its future moves. The announcement is expected to be released at about 2:15 pm Eastern onWed, 24 Jun 2009 08:57:42 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-06-24.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-06-19.htmlQuadruple witch disappoints Many of the traders/brokers/analysts that we know took the day off as a precautionary measure; quadruple witching days can sometimes create unmanageable amounts of volatility. This time around, that was certainly not the case. In fact, I would argue that this was one of the most uneventful sessions we have seen in months. Nonetheless, those that avoided the markets today didn't miss much, so the "better safe than sorry" approach was appropriate. In addition to aFri, 19 Jun 2009 21:36:54 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-06-19.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-06-18.htmlStocks bounce, but minimal Stock index futures didn't let a near 50 point drop in four sessions influence trade. The market opened up weak and the bears quickly thwarted several attempts at a short covering rally. The direction from here is anyone's guess. Our charts and models suggest that the S&P should continue lower to the mid-870's but the fact that the turnover happened with a triple witch looming makes the move highly suspect. Therefore, I can't feel good about having (or moreThu, 18 Jun 2009 01:14:10 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-06-18.htmlhttp://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-06-17.htmlVIX in the spotlight again A positive reading on housing starts and building permits triggered a small wave of early morning buying but overseas weakness and mixed economic news prevented the move from becoming more than an oversold bounce. We mentioned last week that the stagnant volatility wasn't going to last. This week it seems as though traders are embracing it. According to our sources, speculators and even large investment houses were getting on the long side of volatility through theWed, 17 Jun 2009 01:42:45 GMThttp://www.fxstreet.com/fundamental/market-view/info@DeCarleyTrading.com (DeCarley Trading)http://www.fxstreet.com/fundamental/market-view/the-stock-index-report/2009-06-17.html