Stocks Slide for Second Straight Day

by | Feb 8, 2019

While stocks were able to finish off their lows of the session the price decline coupled with volume notched a day of distribution. The good news for the market was we were able to see the major market averages hold their respective 10-day moving average. Another...

Stocks Continue to Rally

by | Feb 5, 2019

We continue to see stocks rally off the December lows. The NASDAQ led all major market averages with the Russell 2000 a close second. Volume was normal a Monday, lower than Friday. It would be great to see some resemblance of a consolidation period. Gains are...

FOMC Statement Fuels Rally; FB Earnings Surprise

by | Jan 31, 2019

Wednesday was a banner day for the stock market yesterday with hefty price gains supported by strong volume. It helped we had AAPL earnings and the Fed to assist with volume. However, strong price gains are nice to see and odds of the major market indexes testing...

CAT and NVDA Disappoint; Stocks End Near Highs

by | Jan 29, 2019

This week is a huge week for the stock market. Wednesday at 2pm we receive another FOMC headline and a slew of earnings reports. CAT and NVDA both disappointed as the general market ended in the red. Certainly a positive was we were saw stocks closing near session...

SPY Finds Resistance at its 50-Day

by | Jan 17, 2019

Since the US government shut down the market is up 12%, but Wednesday’s action saw each major average face resistance. All morning long it appeared as if the market was going to continue its march off the lows, but sellers had a different plan. SPY hit resistance...