From the Trading Desk

Summer Trading Continues, NASDAQ hit with Distribution

Volume was mixed across the board as NYSE volume fell with NASDAQ volume rising on the session. The NASDAQ fell 56bps and given the higher volume is classified as a distribution day. We expect lackluster to weak action during the summer months and yesterday was a prime example of summer time trading. The positive on […]

Thursday Morning Brief: Divergence Appears

Yesterday’s trading action was not precisely what you would like to see out of this market. First, it was nice to see support at the morning lows and for the market to shake off sellers. However, internally our portfolios saw a lot of weakness. Small cap stocks suffered it the worse ending the day down […]

AAPL Jumps in After-Hours Dow continues Record Streak

It was just another day at the office for this market as we saw the Dow Jones Industrial Average strike another all-time high yesterday. NYSE volume edged slightly higher with NASDAQ lower. AAPL’s jump in after-hours trading will certainly aid the indexes as well as NASDAQ volume today. The is likely to open at or […]

FB Leads NASDAQ Higher

Disappointing durable goods orders could not keep the market down as rising crude prices and FB pushed the market higher. First, FB reaction to earnings certainly boosted the market as the company destroyed expectations. Crude helped futures gallop higher after a headline stated there was a potential production cut by Saudi Arabia. While the headline […]

Late Day Rally lifts Stocks off Lows; Worse Start in nearly 84 Years

Overnight Chinese markets were halted as selling flooded their markets causing circuit breakers to halt trading for the day. Markets around the world reacted negatively and continued through the European market close. Volume ended higher across the board as institutions were quite active in the market today. Not all was bad as the last 30 […]

Volume Slows as Stocks Slide

For the most part today was a pretty decent day of consolidation for the overall market. Early morning gains were quickly erased before the market could really get its feet underneath itself. Selling was not unrelenting as volume was well under Tuesday’s level. Small cap stocks were hit the hardest. We continue to see a […]

Small Caps Hit Hard; AAPL Sputters despite Earnings Beat

Once again small cap stocks had a tough day as the Russell 2000 was down more than 1.2% on the session. The big cap indexes saw small losses in heavier turnover. Over the past few sessions after the earnings from GOOGL, AMZN, and MSFT small cap stocks have lagged well behind the NASDAQ 100. For […]

Market Awaits Federal Reserve; AAPL Falls

The last week of trading for the month of October and the stock market ends lower. Despite the drop in AAPL the NASDAQ was able to sneak out gains thanks to gains from PCLN, GOOGL, AMZN, and FB. Natural gas fell nearly 10% on the day as commodities in general fell across the board. Consequently, […]

Epic Volatility Hits the Street; Stocks Lower

Overnight the markets were rocked by Chinese markets as the Shanghai crashed more than 8%. Concerns over the Chinese economy and its ripple effects were the talking heads excuse for the selling. The Dow has been in a downtrend and the S&P 500 has been able to tread water since May. Today’s selling was not […]

Afternoon Selling Knocks Stocks off their Highs

A weakier than expected ADP report pushed futures higher prior to the open. Weak data is perceived as a positive as the Federal Reserve is data dependent. Any possibility the Fed pushes out hiking rates will be seen as a positive. DIS shares were lower as the company earnings disappointed the street. AAPL was able […]