COMMENTARY
Sluggish Day as Volume Picks up; Small Caps Dive
Thursday’s price action wouldn’t be too bad hadn’t we gapped up at the open and sold off the remainder of the day. Small Cap stocks led the decline and closed below its 200 day moving average. Not what you want to see from the index as it continues to lag the broader...
Quiet Day on Wall Street as Earnings Season Kicks Up
Monday’s trading session was quiet as many Monday’s tend to be. Financials were the worst performing sector in the S&P 500. Bank earnings have come in a bit better than expected, but a flat yield curve is not inspiring a lot of confidence in the group. On the flip...
FOMC Leaves Door Open to Hiking Rates
A solid day of gains for the market as Small Cap stocks lead the entire market higher during Wednesday’s session. Lagging behind was the Dow Jones Industrial average as it was only able to sneak out a 6 point gain. Volume was mixed on the exchanges with NYSE volume...
Dow Slumps; AAPL Lifts NASDAQ
Score another big win with Big Cap Tech as the NASDAQ 100 led the market with the best gains across the major indexes. Volume was lower across the board, but it was AAPL along with AMZN pushing the index higher. BA helped keep the Dow in negative territory as the...
Stocks Fade but Close Positive
Optimism over a Chinese trade deal helped boost stocks at the open. Small Cap stocks initially led, but eventually would be overtaken by the NASDAQ 100. Traders and investors continue to pump money into the NASDAQ 100 as the index remains the leader. We are still...
NASDAQ Leads to Kick-off the Second Quarter
A decent start to the second quarter as the general market gained more than 1% on the session. Volume came in lower when compared with Friday’s inflated end-of-the-month rebalancing. This is expected behavior from the market. Crude oil has been on a tear this year now...
Interest Rates Continue to Fall; Stocks End Lower
Volume was up across the board as stocks fell across the board. Led by the NASDAQ Composite index the major market indexes finished lower on the session albeit off the lows. We did not see the Russell 2000 lead the market lower, but the index did shave off 39bps and...
Economic Slowdown Fears Linger as Stocks end Mixed
After Friday’s big sell-off traders returned on Monday jittery and worried about economic factors. Headlines focused on the Mueller report while we are focused on price action. Small cap stocks are our focus as they have been struggling and now the Russell 2000 sits...
FOMC Holds Rates Steady Indicates a Halt to Future Rate Hikes
The FOMC meeting concluded yesterday and they certainly signaled rates will remain steady for the foreseeable future. Stocks cheered the initially after the release of the statement at 2pm EST. However, by the final hour sellers were able to wrestle control and knock...
Indexes Shake Off Late Morning Sell-Off
Monday’s trading session began with buyers coming back into the market soaking up supply and pushing prices higher. Without warning, as 11am EST hit sellers regained control sending stocks lower. While we will not use hyperbole to describe the drop it was certainly...
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