From the Trading Desk

Traders Welcomed back with Low Turnover and New Highs

Once again, the Dow sets another record high for the 9th straight day closing higher for the 10th day in a row. While gains are not tremendous we continue to see the index act well despite the negativity surrounding the market. The QQQs finished higher by 63bps despite volume coming in much lower than we […]

Carnage at the Close; Stocks Fall Again

After an impressive open the final hour of trading saw the NASDAQ lose more than 100 points and the Dow lose more than 500 points. The selling was relentless at the close and completely shut down the morning rally after the Chinese cut lending rates. We continue to witness a very dangerous market were volatility […]

Stocks Rally ahead of Federal Reserve Statement

A weak consumer sentiment did not sway buyers as the market saw beaten up transportation and energy stocks led the session. This market was due for a rally as we have been quite oversold and with stocks down 5 days in a row today’s session is not a surprise. Coupled with weak seasonality this market […]

New Highs for the NASDAQ as Volume Slides On the NYSE

Earnings continue to be a focus for many as gains continue to pile on for the market. End of the day selling did sour gains a bit, but we were still able to close positive. Volume was lower on the session as summer trading continues. Leading stocks continue act well including our 4 horsemen continue […]

Greece is fleeced; Stocks Higher

A solid session to begin the week as Greece gets a deal and the market has three new horsemen. Over the weekend Greece was taken to the woodshed approving a deal the Greek people voted down just a week ago. The market did no care whether or not it was a good deal or a […]

Light Volume Selling Opens the Week

Light volume Mondays are not an outlier event, but with the price declines Monday was not the way bulls wanted to start the week. QQQs saw higher volume than Friday, as the ETF tracking the NASDAQ 100 stocks closed below its 50 day moving average. SPY on the hand had lower volume and continued to […]

A Wild Ride as Stocks Close Mixed

A pop at the open was quickly erased as sellers rushed into the market pushing to the lows of the session.  Case-Shiller home prices showed some decent gains helping ease some of the premarket selling in futures.  The selling came fast and furious, but in this market’s fashion was quickly dispelled as panic buying set […]

Stocks Battle Back from Morning Lows

Early morning jitters over global unrest gave way to buyers as early morning lows were quickly forgotten.  Pending home sales disappointed as month-over-month pending sales sank 1% while year-over-year fell more than 4%.  Perhaps bad news is good news in hopes to keep the Federal Reserve will keep rates low for a very, very long […]

A Wild Day on Wall Street As Stocks Reverse from Highs; Model Switches To NEUTRAL

A surprise move by the ECB by cutting rates helped push US stocks higher for the early part of the session.  The surprise move buried the EURO with EURUSD plunging to lows not seen since July of 2013.  By mid-morning the steam had run from the market and the highs were set.  Sellers used the […]

Last Week of Summer Kicks off with New Highs

The S&P 500 failed to hang on to 2000, but it still closed in all-time highs.  Over on the NASDAQ the index hit a 14 ½ year high. Volume on the NASDAQ was higher, but lower on the NYSE.  IWM remains well below its all-time high and has a bit of work in order to […]