S&P 500 and Dow regain their 50-day Moving Averages

by | May 10, 2018

A solid trading session Wednesday with the NASDAQ leading with a 1% move to the upside. It was a good sign to see the Dow and S&P 500 recapture their 50-day moving average. Volume was not overwhelming to say the least, but we did see positive price action. We...

Fed Holds Rates Steady; Volume Rises

by | May 3, 2018

We continue to see sloppy intra-day action from this market. The Dow and S&P 500 fell on the session by .72% in heavier trade. Distribution is not what you want to see while this market is treading water. On the bright side, the Russell 2000 finished with gains...

Stocks Close Out April in the Red

by | May 1, 2018

Monday’s session started off well with buyers overcoming a little morning dip. Volume running up to the final hour was running like any Monday well behind Friday’s level. End-of-the-month rebalancing volume always pushes volume higher no matter the day. Telecom was...

Distribution Rattles Market; Is the Bull Market Dead?

by | Apr 25, 2018

Yesterday’s price action is certainly concerning. Heavy volume selling hit the large cap indexes hard as investors seemingly are dumping no matter the cost. Small caps surprisingly have held up quite well given the circumstances. Last year we saw large cap tech stocks...

Stocks Kick off the Week with Gains; Volume Higher

by | Apr 17, 2018

Monday’s session was a good sign from the markets yesterday as we saw the market move higher with volume running higher than Friday. Typically we see volume end lower on Monday’s, but yesterday was a bit different. Volume wasn’t extraordinary higher, but it was...