COMMENTARY
Utilities Continue to Push Higher; Broader Market ends Lower
Volume ended the day lower across the board as the broader market ended lower. Small caps led the decline. Utilities continue to be a safe place for investors to hide as XLU continues to hit new highs. XLRE is not far behind. Worries over impeachment, trade deals, and...
US and China Trade Relations Back in Focus
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
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
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
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 the...
Futures Lower after Saudi Oil Drone Strike
Over the weekend a group of drones attacked an oil processing plant and the nearby oil field in Saudi Arabia. It is unclear who was responsible for the attack. When Oil Futures opened Sunday evening prices jumped nearly 20%. Crude Oil futures are nearly up 9% since...
Stocks Continue to March Higher
The stock market is the ultimate price discovery platform. SPY, QQQ, and IWM have had a great week of gains. There are positive signs a trade deal with China is certainly helping ease fears of a recession. Bond yields have shot back up and the yield curve is not...
Jobs Report Eyed; Stocks Jump on Volume
Ask and you shall receive. Bulls prayers were answered with the market jumping higher on big volume. QQQ and SPY leapt above their 50-day moving averages with support is a good sign this market can move higher. US and China are set to meet in October and this news...
Stocks Rebound Led by the NASDAQ; Volume Light
Wednesday’s market action was certainly a positive for the market as the NASDAQ led all indexes higher. Once again, volume lagged and so did IWM. QQQ and SPY had great days apart from volume. Volume was lower across the board despite the solid price gains. We would...
September Opens with Stocks Lower
Small cap stocks led the market lower on Tuesday after the long holiday weekend. The same fears exist over the ongoing trade war between the United States and China. Tuesday’s action saw the 10-year treasury note yield trade above the 2-year removing the inversion....
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