Friday Morning Coffee: Terrible Close and Russell Rebalance

Aside from yesterday’s terrible close for the stock market in general the Russell family of indexes are about to undergo their yearly rebalance. Every year in June the Russell Rebalance is a large event for money managers who benchmark their … [Read more]

Crude Tumbles Again; Biotechs Gain

Crude oil fell once again as the pain continues for those who are long the commodity. Energy names weighed on the Dow, but the index did not lead the market lower. That honor went to the Russell 2000 has traders once again fled small cap stocks. … [Read more]

Another Day of Distribution for the NASDAQ

After posting decent gains on Monday the market followed up with selling on Tuesday. Volume was high enough on the NASDAQ notching its 5th day of distribution over recent weeks. Given distribution is piling up on the NASDAQ it does give some pause to … [Read more]

Stocks Start the Week with Gains

Coming off quadruple witching Friday stocks followed up with solid gains with the NASDAQ 100 leading the rebound. It is no surprise the NASDAQ 100 names bounce back as they have borne the brunt of the selling as of late. Financials performed well … [Read more]

Weekend Update: Rotate, Top, Or Chop?

To say the last six days have been an adventure in the stock market is an understatement. The DJIA, SPX, RUT, XLU, NYSE Advance/Decline line all hit new highs the past week, the DJT is nearing new highs, but the COMPQ and NDX look like they could be … [Read more]

Stocks Rebound after Post-Fed Hangover

Yesterday’s end-of-day rally was quickly erased as sellers returned during the first part of today’s trading session. Early in the session Monday’s lows were challenged. The S&P 500 and NASDAQ both could find buyers at their lows. Volume was … [Read more]

Fed Raises Rates; Dow Shines as NASDAQ Fades

Once again, the Federal Reserve has raised interest rates as expected by another 25 basis points. The announcement came at 2pm eastern daylight savings time. Odds were in favor of a June or July rate hike and the central bank decided to go forth with … [Read more]

NASDAQ Rebounds; Traders Await the Fed

Due to an unfortunate kitchen accident we will forgo commentary tonight. Cutting your thumb wide open is not a way to star your evening. Check back in tomorrow! By then, typing will be a lot easier! … [Read more]

Large Cap Tech Selling Continues

The first half hour of trading sellers dominated the market as large cap technology stocks were once again facing unrelenting selling. It appeared we were going to have another day where the NASDAQ was down big with FB, AAPL, AMZN, NFLX, and GOOGL … [Read more]

Sell-off in Crude Sacks Energy; Stocks up as Turnover Picks Up

An expected build in inventories helped send Crude Oil lower by more than 5% as the S&P 500 Energy sector finished the day down 1.5%. Luckily, the group only makes up 6% of the entire S&P 500. Financials were the winning sector of the day as … [Read more]