Fed holds Rates Steady; Stocks Fall

by | Jun 16, 2016

Well, we found out the Fed is not going to raise rates any time soon. The number of Fed Presidents looking for a rate hike will diminish. Price action continues to remain weak and today was further proof this summer will more than likely be challenging. Volume was...

Brexit Fears continue; Stocks finish off the Lows

by | Jun 15, 2016

While the world awaits the Brexit vote our markets continue to act weak. We were able to finish off the lows, but this market is quite oversold and a bounce was not out of the question. A late afternoon rally helped take the sting out of the day’s losses....

Tough start for Stocks; Brexit and Fed in Focus

by | Jun 14, 2016

Over the weekend Bitcoin surged and today the cryptocurrency eclipsed $700 as stocks fall during the session. Friday’s action was not ideal and was a signal weakness may be on the way. Today’s move was certainly not what bulls wanted to see. There is...

Weekend Update And Top Current Holdings

by | Jun 12, 2016

Friday’s sell off is exactly why you do not want the stock market to rally in a straight v-shaped fashion, as we just saw the Russell 2000 do once again. As I mentioned many times during the past week, my momentum oscillators were all entering overbought ranges,...
Energy Leads Stocks Higher

Energy Leads Stocks Higher

by | Jun 9, 2016

Crude oil headed to $51 a barrel giving a boost to energy names. Volume was mixed, but today NYSE volume was higher and NASDAQ volume was lower. Price action continues to remain in our favor and with very little sell stops hitting gives us a clue this market should...