Distribution Strikes on Friday; Global Fears Remain

by | Sep 30, 2019

Friday’s price action was not ideal as volume jumped as losses grew. The NASDAQ 100 led the decline as measured by QQQ. For once, the decline was not led by IWM. Volume was higher across the board as institutions continue to sell stocks. We continue to have a choppy...

US and China Trade Relations Back in Focus

by | Sep 23, 2019

We hope you had a great weekend. Futures are flat heading into the final full week for the month of September. September has been an okay month for stocks by bucking the historical norm for the month. Shrugging off last week’s Saudi oil field attack crude has come...

Gains Fade Away; Volume Ends Lower

by | Sep 20, 2019

For much of the day the stock market appeared as if it would have solid gains across the board. IWM was leading and all looked well. However, gains began to fade away and sellers gained the upper hand sending stocks lower for the session. Exchange volume was lower...

FOMC Cuts Rates, Trade War Fears Linger

by | Sep 19, 2019

Initially, stocks gave way to selling as the FOMC announced its rate decision during Wednesday’s market session. As Powell gave his press conference buyers began to step forward supporting the market. QQQs ended up closing near the highs of the session along with SPY....

Small Caps Inch Out Gains; Broader Marker Lower

by | Sep 17, 2019

A mixed day on Wall Street on Monday. Good to see Small Caps lead the market with gains, but with NYSE Volume higher the S&P 500 notched a distribution day. NASDAQ volume was lower on the session. Certainly, after the strikes on Saudi oil facilities the damage to...