Stock Talk

WMT and CSCO Lift Stocks after Earnings

After the market had gone quiet for a few days we get a day like Thursday. Sentiment across the world had quickly become bearish as many are looking to pick the top of the market. We on the other hand simply follow the trend and react to the market rather than guessing what the market […]

Constructive Consolidation Continues; Stocks Close near Session Highs

Once again, we saw the market pull back only to find buyers pushing the market to the highs of the session. Volume was higher on the NYSE while NASDAQ volume inched lower. Losses were small on the S&P 500 and Dow as Distribution was avoided on the NASDAQ. We would love to see this constructive […]

Market Adds to Gains; Albeit Small

Monday’s session saw stocks inch higher finishing off their lows after a shaky start to the day. We continue to see bullish action and although gains are minimal there is still buying power underneath. AMZN and NFLX helped the NASDAQ out with gains today as both stocks finished higher for the session. In a strange […]

Stocks Rally off Lows; Senate Releases Tax Plan

We finally got a bit of volatility, but once again this market showed its resiliency and pushed off the lows to finish the day strong. Where we go next is anyone’s best guess. However, Thursday’s action shows we still have a strong market and we must respect its power. Volume was higher as you might […]

Stocks Continue with Gains

Wednesday’s action has been much of the same. Low volatility continues with gains. Commentary is a little late and we have the luxury of seeing futures down more than we have seen recently. Perhaps volatility will finally creep in and we can finally get a meaningful correction. We love uptrends, but past history prior to […]

Small Caps Suffer; Dow and S&P 500 Flat

A tale of separate tapes on Tuesday with Small Cap stocks suffering the worse and the NASDAQ notching a day of distribution. The Dow and S&P 500 essentially ended the day flat avoiding trouble. Not a great sign to see heavy selling in the Russell 2000 today. While not extreme the losses are somewhat concerning […]

Monday Musings: New Long Signals Continue; Uptrend Strong

Last week fell right in-line with this market’s overall trend. We continue to see tight trading action with positive reactions to earnings (for the most part). Bulls are elevated, but the overall trend is strong and that is all that matters to us. We keep harping on the need to follow the trend and to […]

NASDAQ Slides after Opening at All-Time High

Yesterday’s FOMC day was not what we would consider a normal FOMC day. Volatility simply did not come to fruition after the central bank released its statement. From the open stocks opened strong, but buyers simply couldn’t support the all-time highs. Volume on the exchanges ticked higher and it’s important as Tuesday’s volume included end-of-the-month […]

Stocks Close out October with Gains; Fed Meeting Eyed

Led by small caps the market moved higher once again. Volume was higher across the board in part due to end-of-the-month rebalancing. It had been lagging all day. At the close IWM was up 71bps off its high of the day, but solid gains nonetheless. NASDAQ continues to benefit as large cap tech continues to […]

Trick or Treat: Its been all Treat this Month

Stocks look to close out the month in positive territory after a good month of gains. The Dow closed Monday lower, but held its 10 day moving average. Volume was lower on both the NYSE and NASDAQ as the broader market closed lower. A gradual corporate tax cut plan was rumored to be the reason […]