COMMENTARY
Major Distribution Strikes after FOMC Announcement
We did say volatility would be a factor post FOMC announcement and the stock market most certainly did not disappoint in that department. Stocks went on a wild ride after the FOMC announced a 25bps cut and hinted it would likely be the only one. The stock market did...
FOMC Day has Arrived; AAPL Jumps After-Hours
The wait is over for many traders as the last day of July for 2019 has arrived and the FOCM will make its latest policy decision. Expectations are the Central Bank will cut interest rates by 25 basis points, but many believe should be more. All eyes will be on the...
NASDAQ and Russell 2000 Close Lower
Not the start to the week bulls wanted to see with many growth stocks getting hit. Most notably would be BYND. The IPO announced a secondary and is looking to continue its slide lower. The NASDAQ Composite index slid 44bps while volume on the NASDAQ fell. NYSE volume...
Stocks Close Strong on Friday; Volume Light
Despite lower volume stocks were able to make some gains and close higher. The FOMC meeting this week will have everyone’s attention. Will or will they not cut isn’t the question, but by how much is. Earnings season will continue to roll on and for the most part we...
Small Cap Stocks Jump; Dow Sluggish
A solid day for small cap stocks as IWM jumped 1.65% on the day with higher turnover. The same could not be said for the Dow as it closed nearly 80 points. Thanks to CAT and BA the two largest detractors from the day. BA issues are well known with the grounding of 737...
Solid Gains from Stocks Tuesday
A good day of gains across the board from stocks on Tuesday. Volume was mixed on the exchanges as NASDAQ volume edged higher while NYSE volume decreased from Monday’s level. Not a bad session by any stretch of the imagination, but we still see small caps lagging...
Broader Market Gains; Small Caps Left Behind
An interesting day on the street Monday as stocks enjoy a bit of a roller coaster ride intraday. Volume was lower across the board from Friday’s option expiry level. Not a surprise in the slightest. Earnings continue to be a focus of the market, but with the ECB and...
Stocks Look to Bounce Back from Friday’s Sell-Off
Friday’s stock market session started off well, but sellers had a completely different idea. Yes, Friday’s session was option expiry an expectation of weird trading is high. The reversal of fortune for bulls was not what they wanted to see from the market. Of course,...
Stocks Rebound in Higher Volume
At the start of Thursday’s session, it certainly appeared as if the Dow was going to head towards a 3-day losing streak. The market reversed course and end higher across the board with the Dow edging out a 3-point gain. NY Fed comments over a rate cut certainly helped...
NASDAQ and S&P 500 Notch a Day of Distribution
While we are not going to issue an all-out sell signal, Tuesday’s distribution day should highlight the need to have an exit strategy in place. While the Russell 2000 as measured by IWM inched out gains the broader market did not and ultimately ended the day in...
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