From the Trading Desk

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 […]

Yellen Disappoints Traders; Stocks Lower

The market wanted something out of Yellen it did not get. All the morning gains were gone by the end of the session as Yellen never took a rate hike in March off the table. Even with slim odds of a rate hike in March the market definitely needed to hear Yellen was not about […]

Biotech Slumps; Dow up 125 points

Overnight futures were higher coming into the open as hopes over MORE QE spread like wild fire. Existing home sales dropped more than expected leading to questions over the stability of the housing market. Just before noon time Hillary Clinton’s tweet over price gouging occurring amongst Biotech firms sent the group lower along with the […]

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 […]

Markets Jump; Volume Mixed

Nice day across the board with solid price gains despite mixed volume.  The NASDAQ enjoyed solid gains with volume higher on the exchange.  NYSE volume ended lower, but typical for a Monday session.  This week is a holiday shortened week with Friday’s Good Friday holiday.  After a burst of buying in the morning gains were […]

Stocks fall on Heavy Volume; Dow down 331 Points

Today’s session was witness to heavy volume selling appeard on the street today as traders and investors return from the holiday session.  Energy took a beating inside the S&P 500 today falling nearly 4% on the trading session.  Crude oil sliced through $50 a barrel and is trading around $49 a barrel.  On the positive […]

Stocks Open the Week Lower

The market entered a historically weak period with sellers winning the day.  Leadership thinned even further today.  Leading the market lower was once again small cap stocks followed closely by the NASDAQ Composite index.  The Dow Jones Industrial Average continues to hold up, but it is likely a sign of traders fleeing to blue chip […]

NASDAQ Suffers Another Distribution Day

There was certainly a divide in the market today as NASDAQ and Russell 2000 fell hard while the Dow closed in positive territory.  A big beat for the Empire Manufacturing number was a nice surprise, but it did very little to excite market participants coming off the weekend.  It was clear from the start sellers […]

AAPL Exposed to Selling; Beige Book Fails to Inspire

Small Caps and the NASDAQ 100 led the market lower today after solid gains yesterday.  The news regarding the Celebrity Nude scandal finally go to AAPL as traders were using the excuse as the stock sold off in heavy volume.  Volume on the NYSE ran lower on the session, but the NASDAQ exchange saw a […]