Morning Musings: Last Friday’s Commentary on the Money

Last Friday morning we wrote commentary regarding how the market was poised to run higher. Was it luck we were so timely with the post? Luck is where preparation meets opportunity. We have been quite long this market for some time only because price … [Read more]

Trumps Tax Plan fails to impress Stocks

After a good start to the week stocks take a break pushing higher. Small cap stocks were up more than 1% on the session, but could not hold onto gains as the index closed well off its high of the day. Volume was mixed as NYSE volume was higher on the … [Read more]

Stocks Add to Gains

Another solid day for the markets with big gains and volume too. We continue to reap the benefits of being long this market. While complexity sells out model boils down to proper risk management and following price action. Geopolitical risks are … [Read more]

Another Election passes and Stocks jump Higher

The morning gap higher was looking quite promising for this market. French elections, or at least the first round had passed and the world did not end. Funny. While the gains were solid this market is far less impressive when you peek behind the … [Read more]

Morning Musings: Is the Stock Market Ready to Run?

After yesterday's big market run it begs the question are we going to see another big market run? A big positive yesterday was IWM breaking back above its 50 day moving average. The ETF has been within a consolidation range for quite some time. It … [Read more]

Small Caps Gain, but Broad Market Struggles

Commentary is going to be short. Dealing with illness is never fun. We continue to see a market struggling to find its footing. Today's session started off great. However, sellers took over. The Dow was weighed down by IBM after it reported its … [Read more]

Stocks Retreat as Volume Surges

Not a real surprise to see volume jump higher than Monday's session. After all, Monday's volume was the lightest all year. For much of the day stocks struggled to maintain any sort of buying momentum from Monday's session. The Dow struggled with … [Read more]

NASDAQ Retakes 50 Day despite Lightest Volume of the Year

A nice on day bounce after a long weekend. Volume was the lightest of the year as traders were not too interested in jumping back into this market. We continue to see this market come back from the verge of utter collapse. By no means are we out of … [Read more]

Lackluster Session as Trump Trashes Dollar

Stocks once again faced sellers and produced a lackluster session as Trump hammers the dollar. Global tensions are on the rise as North Korea and Syria are in pundits’ focus. Price action is quite unstable here and even though we saw a bullish … [Read more]

A Strong Close erases possible Distribution

We finally saw a strong close from this market. Unfortunately, it was just after sellers had their way with the market earlier in the day. Volume jumped day over day as institutions picked up their efforts. This market did not look good mid-morning. … [Read more]