COMMENTARY

A disappointing NAHB reading couldn’t hold back the Russell 2000 and NASDAQ composite for too long as buyers continue to pile into these two indexes.  The S&P 500 did finish in the positive territory, but still lags behind the NASDAQ.  Volume was lower on the...

Futures did not start the day in a positive manner, but would turn as buyers step in and support the market.  The morning’s economic news lead by retail sales and jobless claims sent futures lower by nearly one percent.  While sellers were out in full force before the...

The market got off to a good start, but it wouldn’t last too long.  Volume on the NYSE as the S&P 500 digested its gains from the prior day while the NASDAQ added to its gains with volume.  Clearly, the NASDAQ is the clear winner here and even though we haven’t...

The story of the day is with the move in the markets today we saw majority of the recent losses recovered in higher turnover.  Today’s move is a clear sign of institutions putting money to work and we certainly were clued on Friday.  In our forums we noted the change...

European markets rebounded overnight along with US futures after Wednesday’s volatile session.  Buying began immediately out of the gate pushiung higher until we’d get the high of the day around 10:45am EST.  Volume was lower on the day as institutions appeared to be...

A disappointing ADP Employment report, but a slightly better than expected ISM non-manufacturing figure sparked a wild ride in the markets.  Selling got started just before the ISM non-manufacturing figure was released and while a short pop followed the number sellers...

Overnight markets were hit quite hard with the Nikkei down more than 4%.  US markets were able to regain some of the losses occuring during Monday’s session as volume fell considerably across the board.  Today’s lack of buying conviction does not come as a surprise as...

Small cap stocks took the brunt of the selling today while the rest of the major market averages dropped more than 2% across the board.  The day got going with weak ISM manufacturing data and boy did it miss the mark.  While we can assume the selling was because of...