COMMENTARY

Nice Late Day Rally But Distribution Days Are Piling Up

A lighter than expected durable goods figure didn’t help out the market to begin the day. Sellers stepped up their operations just after the 10 o’clock hour. Intensifying just after 11 the selling continued pushing the market to the lows of the session. Volume jumped...

NASDAQ Stalls Out with Small Caps Leading the Market Lower

Just when you think the market is about to bust higher it stalls out on us. Today’s market action while not entirely bearish certainly throws a monkey wrench into the mix. NYSE volume was lower giving the S&P 500 a nice day of consolidation. It was late day selling...

Stocks Race Higher; Volume up but Below Average

The one thing lacking was above average volume, but that didn’t stop the bullish action on stocks. Leading stocks were quite bullish today a very healthy sign for the market going forward. The S&P 500 and the NASDAQ both saw volume come in below average suggesting...

A Tale of Two Tapes, NASDAQ Continues its Outperformance

The S&P 500 and other NYSE indexes were hit with a day of distribution while the NASDAQ was able to escape. Euro contagion continue with a focus on Portugal seems to be the flavor of the month. If the market hasn’t figured it out now all the Euro nations will have to...

The Market Stalls as Late Day Sellers Sour the Market Mood

End of the day action was the story of the day as sellers knock down stocks. At 3:30 in the afternoon the market appeared to be heading towards a solid day. Unfortunately for those who are long the market sellers had a different idea. Negative economic news from...

Volume slides NASDAQ erases losses

The market avoided a day of distribution despite early morning losses. A negative housing report soured the morning mood as sellers dominated the morning trade. Buying kicked in just afternoon time as upside volume begin to emerge. The end of day action wasn’t ideal...

Major Indexes End the Day Higher as AAPL Closes Above $600

Late day selling did put a damper on the day’s action, but small caps and NASDAQ shine. Volume ended lower, but coming off the quadruple witching Friday it would have taken a miracle to eclipse Friday’s trade. By far the biggest story of the day was AAPL issuing a...

Stocks Climb Higher but Volume Ends Mixed

Market pundits continued to focus in on Goldman Sachs and bond yields. Volume was below average across the board, but higher on the NASDAQ. While there is a lack of above average volume price action remains positive. The day’s gains were solid with small cap stocks...

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