From the Trading Desk

Friday Morning Cup of Joe: Stocks Rally to Close August

August was a fun month for stocks after a nice ride in July. While it was rough going for some the market held on and salvage the month rallying up until the last trading session. Small cap stocks continue to be a weak spot and is a key watch area going forward. Given the weak […]

Stocks Add to Gains

Technology stocks led Wednesday’s market action as the NASDAQ Composite finished higher by more than 1%. The Dow lagged significantly behind both the S&P 500 and the NASDAQ Composite during Wednesday’s trading. Volume was mixed with the NASDAQ seen higher and lower on the NYSE. It was solid gains for the NASDAQ as it built […]

Stocks Turn Positive Shaking off North Korean Threat

In a stunning turn of events yesterday buyers rushed into the market pushing it higher after opening lower after North Korea flew a missile over Japan on Monday late afternoon. Volume ended the day higher across the board in support of the day’s action. At the open, the losses were mounting and we could have […]

North Korea Missile Launch Sparks Fear

After a relatively good day for the markets North Korea spoils with a missile launch. Futures quickly began to sell off as the missile proceeded to pass over parts of Japan. Seoul South Korea responded dropping bombs at the border, but this latest launch does have many worried what may happen next. Will the North […]

Volume Ticks Higher; Stocks Post Small Losses on the Day

Thursday’s action was another relatively smooth day for the markets. Volume was higher, but losses were contained. Avoiding distribution here is key for the markets. Friday’s session traders will await comments from ECB President and if more QE is on its way in Europe. Futures are pointing to a higher open as we continue to […]

A Solid Session as Stocks Take a Breather

Not a bad session for the stock market on Wednesday as the entire market closed slightly lower in lower volume. It is important at this state to avoid distribution, but also consolidate above the 50-day moving average. IWM performed the best yesterday as it has not been able to outperform as of late. The small […]

Stocks Rally as Volume Inches Higher

Living below the 50-day moving average did not last long for either the NASDAQ Composite or S&P 500 as buyers hopped back into the market. Volume was higher, but only be 1.7% on the NASDAQ and 1.33% on the NYSE. Solid price action, but we did not see a flood of buyers rushing into the […]

Total Eclipse and Light Volume, Tight Trading to begin the Trading Week

Monday’s session witnessed lighter volume across the board. The Dow and S&P 500 could battle for gains after morning selling. VIX was slammed as the market traded higher and in a relatively tight trading band for the day. Fear is not something we are seeing from this market right now. Crude Oil fell back to […]

Stocks Fall Hard as Distribution Mounts

Thursday’s stock market action was quite telling with a high volume down day resulting in a day of distribution across the board. Losses were heavy across the board and now with 9 distribution day’s the NASDAQ appears weak enough to move back towards its 200-day moving average. Since June the QQQs have endured heavy distribution, […]

Stocks Sneak Away with Gains after Fed Minutes

Wednesday’s session was a bit lackluster with the market unable to hold majority of the day’s gains. Volume was up across the board, but given where we ended it isn’t inspiring this attempt at a rally will be fruitful. GOOGL and AMZN appear to be rolling over even as GOOGL has formed an inverted head […]