Quiet Trade to Kick off Week

A nice solid day of consolidation kicked off the week’s trading. Volume subsided by more than 10% across the board as stocks put in a day of much needed consolidation. There is no question we are a bit overheated, but days like Monday do help in … [Read more]

Rally Continues as Jobs Report Comes into Focus

Another solid day of gains on Thursday as the NASDAQ 100 led all the major market averages with nearly a 1% gain. Small caps lagged behind the broader market, but the group has had a gigantic run as of late. We are certainly in overbought territory … [Read more]

Rally Continues; S&P 500 with 6 Day Win Streak

This market is certainly relentless as we continue to see this market make gains. The Russell 2000 index finally saw its first down day since the 21st of September ending an 8-day win streak. VIX remains in the single digits with many not expecting … [Read more]

Fourth Quarter Kicks off with Gains

Led by small cap stocks the market jumped higher again. The Russell 2000 gained more than 1.25% on the session while the Dow gained 153 points. A nice start to the week and quarter. Volume edged lower, but no real surprise there. We have a market … [Read more]

Stocks Higher as Volume Subsides

This market continues to run higher despite all the naysayers. Small cap stocks have been on a tear since mid-August. Now, IWM is overbought in extreme terms a small pullback here would not surprise us in the least. SPY and QQQ remain in their … [Read more]

Trumps Tax Plan Released; Small Caps Leap Higher

The long-awaited release of the tax plan Trump has promised finally arrived on Wednesday prior to the market open. Futures were given a lift and after a morning hiccup stocks jumped higher led by the Russell 2000. Financials moved higher as rates … [Read more]

Small Caps March Forward; Volume Falls

The Dow Jones Industrial Average fell for the 4th straight day, but the NASDAQ and S&P 500 snuck out gains. Russell 2000 rose again, but finished well off the highs of the session. Volume fell across the board and failed to keep up with Monday’s … [Read more]

Distribution Kicks Off Last Week of September

Led by the FANG stocks the NASDAQ bore the brunt of the selling as the entire market fell on heavier volume. Volume was up 15% on the NYSE and the NASDAQ volume up nearly 25%. A huge spike over Friday’s levels. A late day rally helped take the sting … [Read more]

AAPL Weak Again; Weights on NASDAQ 100

A sneaky day of distribution for the S&P 500 as volume on the NYSE rose the day after the latest Federal Reserve Open Market Committee meeting. Leading decliners was the NASDAQ 100 as AAPL had its 4th down day in a row weighing on the NASDAQ 100 … [Read more]

Transportation Stocks Lead the Way; AAPL Pulls Down NASDAQ

The big story of the day was the Federal Reserve meeting. As expected the Fed will begin to wind down its balance sheet. Most likely at a snail’s pace, but will begin to wind it down. Transportation stocks got a boost as the group ended the day up … [Read more]