Market escapes Distribution with Late Day Surge

We are another day closer to the most important Job report ever. Today’s session started off well only to see sellers take over and it looked like we were heading for a day distribution. Volume ran hot for the entire session. A late day rally saved … [Read more]

Last Week of Summer Trading; Friday’s Job Number Looms

Today was a solid start to the week with stocks closing higher after Friday’s session. Janet Yellen’s speech spurred buyers and it wasn’t until Fisher’s comments before the market took a nose dive. As the market hit the lows buyers began to mount a … [Read more]

BWT Weekend Update And Top Current Holdings

Friday was all about Janet Yellen and Jackson Hole. All week long it was all that traders talked about so it was good to finally see this day come and go. While we knew it would be a wild one I am 100% sure most traders thought it would be more … [Read more]

Market awaits Federal Reserve’s Janet Yellen’s Speech

Early morning futures were lower ahead of the 8:30 am EDT economic releases. Despite better than expected numbers from jobless claims and durable goods futures did not jump. July durable goods jumped 4.4% when economists expected a 3.4% increase. … [Read more]

Finally some Volatility; Distribution Strikes

Finally, we got a little bit of excitement as the market found sellers. A last minute kick save pushed stocks off their lows, but the damage was done. Volume kicked into another gear as sellers finally arrived. Up until today the S&P 500 was in … [Read more]

Tight Trading Range Continues; Market Closes off Highs

Another tight trading session as the NASDAQ composite another all-time high. Volume was mixed with NYSE volume coming in higher while NASDAQ volume peeled off yesterday’s level. The biggest knock on today’s market would be the closing well off the … [Read more]

Russell 2000 and NASDAQ inch out Gains

A mixed start to the second to last full week of summer. We are still trading in a relatively tight range despite a little nonsense intraday. Volume was light on the session. Crude oil fell more than 3%. Pundits blamed Iraqi oil supply hitting the … [Read more]

BWT Weekend Update And Top Current Holdings

Following a nasty little early morning selloff, stocks were able to find support soon afterwards and climb steadily higher throughout the session to finish slightly lower on the day. Not too bad, considering how we were trading early in the morning. … [Read more]

Volume dries up; Small Caps Lead

A day after the latest release of the FOMC meeting minutes the market builds upon yesterday’s move off the lows. Volume didn’t accompany the move, but it is par for the course at this point. Volume really hasn’t mattered all that much since the Fed … [Read more]

Ahead of FOMC Minutes Stocks give up Monday’s Gains

We were bound to see this market cough up gains at some point. Today we saw the market roll over into the close ending the session with a day of distribution. Yesterday’s gains have vanished as we get the latest release of the FOMC meeting minutes. … [Read more]