COMMENTARY

Quite the fireworks in the morning session with sellers pushed the markets lower in fast trade. By 10 am buyers were back in the saddle pulling the market back to positive territory. Economic data was mostly positive being led by the Philadelphia Fed Business Outlook...

In typical fashion volatility was sparked after the rate announcement from the Federal Reserve. Janet Yellen’s first meeting is now out of the way and we can move forward. On the positive side of the market today is we were able to close above Monday’s high on the...

A good day for stock market bulls as yesterday’s high is cleared on expanding volume.  Today was a clear sign bulls still want to dance and accumulate shares of stock.  It may be somewhat surprising ahead of the Federal Reserve tomorrow, but we are not going to argue...

The market rebounds from the end-of-the-week selling from last week.  Early going was solid after positive economic data helped boost the market.  Homebuilder sentiment crept higher from February’s reading, but was below economists’ expectations.  Resistance was hit...

This morning’s economic data helped boost the market, but it couldn’t keep the market afloat for the entire day.  Major distribution struck down on the entire market as sellers simply overwhelmed the market.  So much so today’s outside reversal has ended our current...

Out of the gate sellers took to the market slamming prices lower, but it wouldn’t last too long.  Just before 10 am the market was able to find its footing and begin its march higher.  Volume from the onset was tracking higher and it was attributed to the selling...

Quite the day today with some high flyers getting slammed pretty good with the overall market moving lower on volume.  Whatever the reason stocks moved lower and today’s distribution was led by the Russell 2000.  When this occurs we take notice as it is concerning...

Friday’s better than expected jobs report has been overshadowed by geopolitical events and a possible terrorist attack on a Malaysian Jetliner (let the facts sort out speculation).  The NASDAQ closed lower for the third day in a row, but was the major index out of the...