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 […]

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 […]

Markets Lose Pre-Market Gains end Mixed

Coming off a long weekend futures were set to push higher after positive economic news out of China overnight. It was clear for the onset sellers would regain the upper hand as stocks immediately began to sell off as soon as the market opened. After a quick rally for 45 minutes the stock market continued […]

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 […]

Santa Rally continues as Stocks close higher

Another day and another positive day for stocks as the market is right back where it started when the Fed raised rates. Volume remains below average, but price certainly has improved after last Thursday’s and Friday’s action. All day long any dip was met with buyers, but traders were not piling into the market like […]

Stocks Make it Two in a Row

For the second straight day the market closed with gains. As stocks moved higher volume moved lower as traders and institutions are simply not interested in accumulating shares ahead of the Christmas holiday. Economic data was mixed with GDP coming in better than expected, but home sales slumping well below expectations. The light volume certainly […]

Hopes of a Santa Claus Rally Rise with Today’s Gains

After last Thursday and Friday’s action there was a hope the market would rebound and rally into the end of the week. Volume was not too impressive, but coming off of Friday’s elevated levels due to quadruple witching. What really made today’s rally was the last 30 minutes of the session where a flood of […]

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 […]

September Kicks off with a Thud

Global concerns over the Chinese markets spilled over across the globe. The Dow was down nearly 500 points today and the NASDAQ off more than 140 points. Volume jumped across the board as sellers continue to punish the market. Volatility continued its move higher today as the VIX was up 10%. The fear index is […]