Bounce falls Short; NASDAQ Closes with Gains

by | Sep 15, 2016

The market did its best to do what Monday’s action, but failed to regain much of yesterday’s losses. One exception was the NASDAQ benefiting from AAPL move. Fear took a break for much of the session until sellers began to take over. By the close the VIX closed above...

Volatility Continues as Stocks Retrace Monday’s Gains

by | Sep 14, 2016

Coming off Monday’s huge day bulls weren’t ready to support higher prices. Volume jumped giving today a big distribution day. VIX gained nearly 18%, but could not eclipse Monday’s high. However, the fear index closed above Friday’s closing level. The NASDAQ is...

FOMC Circles the Wagons; Dovish Rhetoric Prevails

by | Sep 12, 2016

Early morning futures were not painting a pretty picture to begin the week. Europe was following along with the DAX down more than 2% prior to the US market open. It did not take long before Fed talking heads to begin releasing their dovish rhetoric. Friday’s...

Weekend Update And Top Current Holdings

by | Sep 11, 2016 | 1 comment

Friday’s session was about as ugly as a reversal from 52-week highs as you are ever going to get. Stocks were absolutely monkey-hammered on Friday sending all of the major market averages either through or to their 50-day moving averages on extremely heavy...

ECB Fails to Deliver; Stocks Fall

by | Sep 9, 2016

Prior to the market open we received news the European Central Bank released its latest policy decision and the market did not like it. Perhaps they were looking for more QE, but Draghi did mention they are able to adjust how QE is being executed. European stocks were...