Another Day of Distribution for the NASDAQ

by | Jun 21, 2017

After posting decent gains on Monday the market followed up with selling on Tuesday. Volume was high enough on the NASDAQ notching its 5th day of distribution over recent weeks. Given distribution is piling up on the NASDAQ it does give some pause to whether the...

Stocks Start the Week with Gains

by | Jun 20, 2017

Coming off quadruple witching Friday stocks followed up with solid gains with the NASDAQ 100 leading the rebound. It is no surprise the NASDAQ 100 names bounce back as they have borne the brunt of the selling as of late. Financials performed well with the likes of...

Stocks Rebound after Post-Fed Hangover

by | Jun 16, 2017

Yesterday’s end-of-day rally was quickly erased as sellers returned during the first part of today’s trading session. Early in the session Monday’s lows were challenged. The S&P 500 and NASDAQ both could find buyers at their lows. Volume was lower than Wednesday’s...

Fed Raises Rates; Dow Shines as NASDAQ Fades

by | Jun 15, 2017

Once again, the Federal Reserve has raised interest rates as expected by another 25 basis points. The announcement came at 2pm eastern daylight savings time. Odds were in favor of a June or July rate hike and the central bank decided to go forth with another quarter...