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D&D Note (7-3-2012) Although a short trading session today markets continued the rally in the Fourth of July holiday (which there will be no trading on the 4th). Volume was light as expected allowing the indices to gravitate up. Buoyed by strong auto sales and the ISM June Purchasing Manufacturers Index fell below 50, which … Continue reading
D&D Note (6-5-2012) Sure we had a better-than-expected ISM number may seeing the indicator rise to 53.7 where forecasts were for the index to fall to 53.1 from the April reading of 53.5. The ISM is a reading on how the manufacturing sector is doing, and any reading above 50 means the service sector is … Continue reading
D&D Note (5-1-2012) The DOW hit a four year high today closing at 13,279.32 up .50% on the day. The rally was fueled by a rise in American manufacturing. The ISM (Institute of Supply Management) monthly index rose to 54.8 in April up from 53.4 in March (a reading above 50 means growth in the … Continue reading
D&D Note (4-2-2012) The American Manufacturing report (ISM) came in better than expected at 53.4 — up from 52.4 last month. This – as the news pendants would say – fueled today’s rally. In reality this is the 10th quarter in a row that started the first day of trading with a healthy gain. Sometimes … Continue reading
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