Daily State Of The Markets: Either Hope Trumps Fear Or ...

By David Moenning: Publishing Note: I am traveling on Friday morning and will not publish a report. Daily State of the Markets reports will return on Monday.Good morning. To be honest, I have a love/hate relationship with the current stock market environment. On the negative side, I hate the "feel" of the last fourteen days.

By David Moenning: Publishing Note: I am traveling on Monday morning and will not publish a report. Daily State of the Markets reports will return on Tuesday.Good morning. About the time the lunch hour rolled around on Thursday, stocks were surging and it looked like the bulls were going to run away with the game. After a shaky start, it appeared that the buyers had returned, the stops were being hunted, and performance anxiety was back in vogue.

By David Moenning: Publishing Note: I am traveling on Friday morning and will not publish a morning report. Daily State of the Markets will return on Tuesday (markets are closed on Monday for Memorial Day).

David Moenning submits: Publishing Note: I am traveling with my family next week and will not publish a report on Monday. Daily State of the Markets reports will return on Tuesday.

By David Moenning: Publishing Note: I have an early meeting on Friday and will not publish a report. Daily State of the Markets reports will return on Monday.Good morning. Stocks have been down five days in a row. 'Sell in May and go away' is working yet again. The news out of Europe just seems to get worse with each passing day. (Does Germany's high court seriously need 3 months to decide whether the ESM is legal?

By David Moenning: Publishing Note: Given the shortended trading session day on Friday, we will not publish a "Daily State" report unless conditions warrant. Regular reports will return Monday morning.

By David Moenning: Publishing Note: I am attending a conference with very early meeting times on Wednesday and Thursday. Our Daily State reports will return on Friday.

By David Moenning: Good Morning. The primary purpose of my morning missive is to try and identify the current drivers of the stock market action in an attempt to help me stay in tune with the prevailing trend. As long time readers know, I'm a big believer in the idea that understanding the drivers can go a long way towards getting the short-term market trend right.