From the Trading Desk

Dow Makes it 10 Straight; Technology Hit

For the 10th straight session the Dow has notched gains while technology stocks finally see a hint of selling. It has been one heck of a ride for stocks since Trump’s election. Most will attribute it to tax cuts and perceived inflation fears as the Fed is set to raise rates 3 more times this […]

Dow Closes up 9th Day in a Row; 11th Record Close since Inauguration

The Federal Reserve hints at another rate hike helped elevate the Dow to more record highs during today’s session. Small cap stocks lagged the broader market, but continue to remain in its general uptrend. Volume was lower across the board as the S&P 500 and NASDAQ closed lower. Energy was the worst performing sector as […]

More New Highs as Stocks Continue their Run

Coming off the long weekend we were welcomed with more new all-time highs. This market has been incredibly strong and many are being left behind. It pays to listen to what matters and employing a strong risk management process. Volume was higher across the board as interest in getting aboard this market’s train continues to […]

Trump Bump Gains Continue; More All-Time Highs

The S&P 500 closed higher for the 7th straight time as volume expanded over Tuesday’s level. Trump once again hinted at a massive tax cut plan and traders cheered the development. In addition, Yellen’s comments regarding rate hikes helped push the odds of a March rate hike up to 63%. Odds of a June hike […]

Low Volatility Remains; NASDAQ Inches Higher

The story of this market continues to be the lack of volatility despite the Trump bump. It has been 37 days since the S&P 500 has seen a 1% move. While the put/call ratio has been above 1.0 we continue to see the VIX remain near multi-month lows. There is a lot of complacency with […]

Traders Suffer from Super Bowl Hangover; Stocks Slide in Light Trade

We are going to keep free market commentary light tonight, but we did have a decent day of rest for the market. Lower volume pullbacks are what the doctor ordered for this uptrend. We are now in the pattern of the market opening lower to begin the week only to see us finish higher by […]

Fed Holds Rates Steady; AAPL Buoys NASDAQ

Once again stocks find some support at the day’s lows only to rally higher. AAPL’s jump helped out the NASDAQ and NASDAQ 100 tremendously as the stock jumped after reporting earnings. The Fed released a statement after its most recent meeting holding rates steady and not giving a hint when they may raise rates next. […]

Small Cap Stocks Lead Rebound

Small cap stocks roared to life as biotechnology stocks rebound after Trump’s meeting with industry leaders. Volume jumped as end of the month rebalancing volume poured end as managers were try to rebalance their portfolios. Things did not look promising heading into the lunch hour as sellers appeared to have the upper hand. The NASDAQ […]

Stocks Post Worst Performance since Election

Volume jumped across the board giving a day of distribution to all indexes as we just witnessed the worst performance the stock market has had since Trump’s election. A bright spot was certainly the major indexes holding onto key moving averages and the NASDAQ held onto its 10 day moving average. During the session lows […]

Market Follows-Through on Tuesday’s Gains

Another solid day in the market as we saw traders pile into stocks following-through on yesterday’s gains. Today was a good sign and certainly support for higher prices. Certainly, a little rest would do us some good. For now, the action we have seen is quite positive. Volume was mixed with the NASDAQ volume coming […]