From the Trading Desk

Monday’s Market ends Flat

So much for any exciting market action today as the stocks closed flat on light volume. A mid-day sell-off did spark some interest, but once again this market found a way to muster enough support. We continue to see this market look very fragile and yet find a way to find support. Unfortunately, this is […]

Small Gains after Wednesday’s Selling; Traders await March’s Job Report

Today’s light volume affair was uneventful as the market awaits Friday’s job report. The good news is we did not sell sellers pick up where they left off after Wednesday’s debacle. We continue to see a lack of follow-through to the downside which is good news for stock market bulls. We are not without blemishes […]

Late Day Sell-Off Sours Market; Fed Minutes to Blame

The latest release of the Federal Reserve Open Market Committee meeting minutes sparked a nasty sell-off during the final hours of trading. Sellers were in a hurry to dump Small Cap stocks as the group continues to act very weak. Distribution is certainly elevated, but today’s above average volume sell-off certainly gives us some pause. […]

Small Caps Lag; Broad Market Inches Higher

Another lackluster session as the market continues to remain range bound. Small cap stocks continue to lag the broader market and the Russell 2000 remains below its 50 day moving average. Investors are simply not excited to jump into small cap stocks. At some point this market is going to need to push higher. We […]

Lackluster Action Kicks Off April and the 2nd Quarter

The broad market could not muster enough buyers to close in the green. Volume ended the day mixed with NYSE volume higher as NASDAQ volume ended lower. Big cap Tech continues to perform well as buyers are flocking to these names like investors used to pile into blue chip names. NFLX was the only FANG […]

A Big Day for Financials; NASDAQ at All-Time Closing Highs

Leading the day were financials as the group jumped higher leading the entire market higher. Utilities were the day’s biggest losers as the 10-year treasury note moved back above 2.4% today. Energy took a breather closing flat on the session after a solid 5-day return. Volume was up across the board as traders and investors […]

Crude Oil Rallies lifting Energy Stocks

Energy was the biggest winner on today’s session as crude oil prices near $50 a barrel. Crude oil rallied after inventories showed a build. Financials were the biggest losers on the session even as a few Fed members hinted at more rate hikes this year. The NASDAQ continues its bounce leading the market higher as […]

AAPL at another All-time High; Stocks Rally

While AAPL hit another new all-time high today while Energy and Financials helped push the S&P 500 and Dow Jones higher. The S&P 500 and NASDAQ have shown support at their respective 50 day moving averages. Volume was higher across the board indicating traders and institutions a like were happy accumulating shares. While today was […]

Stocks Shake off Selling; NASDAQ Leads

After Friday’s rally following the news Trumpcare would not see a vote did not carry over to the opening of futures Sunday night. While the losses weren’t spectacular they were quite large compared to what we have seen from this market lately. Futures continued to inch lower throughout the morning and continued for the first […]

Trumpcare is in Doubt; Stocks Close Lower

The noise of the day was whether Trump’s healthcare law had enough votes to pass. Stocks did not like hearing there were not enough votes and closed lower. Volume was lower too. Real Estate was the biggest winner of the day as the sector was up more than 70bps. Energy was the biggest loser and […]