From the Trading Desk

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 action and our risk management process had us long. Not because […]

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 session while volume on […]

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 baked into the price and its useless to figure out what may happen. Follow […]

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 curtain. Today’s action felt more like short covering laggards than anything […]

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 continues to hold its March lows avoiding a potential lower […]

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 20th consecutive quarter of declining revenue. That is not a typo. The […]

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 earnings from BAC and GS. NFLX didn’t help the NASDAQ either, but held […]

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 the woods, but today was at […]

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 end-of-day yesterday we lacked the necessary follow-through to confirm the action. For […]

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. The NASDAQ was falling to its 50-day moving average and fast. Small […]