COMMENTARY
S&P 500 Hits Another All-Time High
Today was just another day and a new all-time high for the S&P 500. Volume on the exchanges ended lower across the board. An interesting tidbit was SPY volume was actually higher on the session. Today’s session certainly puts this market in extreme overbought...
Utilities Hit New High; NASDAQ Finishes Flat
Initially, the market liked the GOP victory last night as stocks jumped higher at the open. It was green across the board until sellers began to attack high beta names pushing the NASDAQ lower. It appears money managers are favoring "safe" stocks as Utilities hit...
Stocks End lower ahead of Mid-Term Election Results
Early morning strength was met with selling, but an afternoon rally stemmed the selling. Volume on the exchanges was mixed with NYSE volume higher and NASDAQ lower. While the S&P 500 was technically a day of distribution we are not going to put much weight...
S&P 500 Marks Another All-Time High; Dollar Gains on Yen Weakness
While the S&P 500 hit another all-time high the index was unable to end the day with gains. The NASDAQ Composite would be the only index coming away with gains on the day. However, the story continues to be the dollar versus the yen. As the Japanese central...
Volatility Is Hot, But Does It Spell Doom For The Markets?
October was certainly a month for the record books. Volatility isn't at record highs, but it exploded in the month of October. As you can see in the following charts as measured by Average True Range (ATR) we haven't seen this much volatility since the summer of...
Big Wave Trading Portfolio Update And Top Current Holdings
It has been a wild ride in the overall stock market during the past month as major market indexes sold off fast and rallied even faster in the most volatile ATR 4-week ATR range we have seen since 2008. In fact, if you go back to when the DJIA, Nasdaq, and SP500 each...
GDP Beats Expectations; Stocks Advance
The day after the FOMC announced the end of its third round of quantitative easing stocks advance. Early morning futures digested better than expected GDP reading. Futures did not get all that excited over the GDP figure as it appeared it was government spending...
Fed Halts QE; Stocks End Lower
As expected the Federal Reserve ended the current round, round three of quantitative easing. Volume ran hot throughout the session and picked up its pace after the Federal Reserve announcement. Post announcement the usual volatility dance the market does happened...
Stocks Power Ahead of Wednesday’s Federal Reserve Announcement
Strong consumer confidence helped push the market higher, but it may be anticipation of another round of QE pushing the market higher. Tomorrow’s Federal Reserve announcement is once again the highlight of the week for traders. Boil down the noise and it will come...
Stocks End Mixed; Fed Meeting Looms
An early morning sell off as pending home sales disappointed did not last long. Buyers and we use this term loosely came to the market’s rescue pushing the market back near Friday’s closing prices. Crude oil was a hot topic as the commodity briefly traded below $80...
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