COMMENTARY
Low Volume Rally Lifts Stocks after Monday’s Session
It only took one day to reverse the nasty selling Monday ushered in. There were plenty of traders willing to jump on the bear bandwagon just after one session. Volume was considerably lower on the day, but given the QE world we live in a bounce with no volume is...
Stocks Slide South and Volume Jumps Higher
The start of 2014 has been quite the opposite of 2013 whereby sellers are in control of the overall market. Just after noon eastern sellers jumped aboard and pushed the entire market lower. Volume ran higher than Friday’s pace as institutions jumped in and sold down...
Big Wave Trading Portfolio Update And Top Current Holdings
The overall stock market remains in a strong uptrend and despite all the top calling and underinvested traders/investors out there everything is firing on all cylinders. There may be a pocket or two of weakness out there but when every index is trending above the 50...
Stocks End Mixed ahead of the December Jobs Report
Tomorrow we’ll get a read on how well the job market did in the month of December. The media will have you believe it will be the most important job number in the history of man-kind. Of course until next month’s report. Today we did see quite a bit of selling just...
Fed Minutes Fail to Spark Buyers; ADP Shows Solid Private Payroll Gains
The morning got going with a solid report from ADP showing strong gains in private sector job growth. Futures did not react strongly in either direction, but from an economic stand point the more jobs we have the better off we are as a whole. It was clear from the...
Stocks Kick Losing Streak to the Curb finish Higher
Buyers came out from their New Year’s hangover to push stocks higher by the close of the session. Small Cap stocks who have been leading to the downside led the march higher today. The NASDAQ was runner-up while the S&P 500 lagged behind. Overall, the price...
Small Caps Lag as the market Closes in the Red
For the third straight session stocks closed in the red and for the second day in three notch a day of distribution. Today’s distribution makes for 7 and should raise at least a yellow flag for the overall market in general. Aside from the distribution there were...
Stocks Kick Off 2014 with a day of Distribution
The market started with the New Year with selling for the first time since 2008. Last year we saw the market gap up more than 2% at the start of the day, but we weren’t able to repeat the same vigor. Volume jumped on the session as it normally does on the first day...
Stocks Close the Books on a Positive Note for 2013
What a year for the market and today’s session added a cherry on top. Given how last year began with a deal on the fiscal cliff today’s session was relatively quiet in comparison. Consumer confidence was up more than expected gave the bulls...
Dow inches out Gain, S&P 500 and NASDAQ pull back
The market continues to consolidate its recent gains as volume ticked higher than Friday’s session. Losses on the S&P 500 and NASDAQ weren’t big enough to trigger distribution, but both indexes have 6 days worth of distribution. TWTR continued to slide even as...
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