COMMENTARY
Small Caps Lead Market Higher
Monday’s session was a good start to the week with the Russell 2000 leading the market higher. Volume was mixed as NYSE volume ended the session lower while NASDAQ volume rose from Friday’s levels. From a seasonality standpoint we are up against headwinds as we...
NASDAQ Leads Market Lower; Closes below 50-Day Moving Average
Monday’s session was witness to another day and another round of selling as the NASDAQ closes below its 50-day moving average. Volume was lower across the board indicating institutions weren’t selling in droves, but price action is not ideal. Closing below a key...
NASDAQ begins Week with Gains; Dow Inches Lower
Monday’s session saw volume drop significantly against Friday’s levels. The Dow couldn’t manage to sneak out gains on the session while the NASDAQ ended the day higher. Small caps inched higher too, but gains were minimal. Summer time trading is certainly here with...
Trump Piles on more Tariffs; Stocks Fall
Another round of tariffs were slapped on Chinese goods Monday night had traders sending stocks lower. Volume was up on the day in the NASDAQ indicating institutional selling. NYSE saw volume lower on the session despite the Dow leading major indexes lower for the day....
Dow Leads Stocks Higher; Summer Trading in Full Swing
Monday kicked off the week to a solid start as volume increased over Friday’s level. It is summer trading, but good to see volume increase on the session. Financials led the day while Utilities were slammed. Big volume poured into both sector ETFs XLF and XLU. Small...
NASDAQ Shakes off Early Losses Closing Leading Stocks Higher
Monday’s trading session was a low volume day as many market participants are busy on vacation for the Fourth of July vacation week. Tech stocks led the entire market higher as the NASDAQ found a bit of support at its 50-day moving average. Utilities were the second...
Stocks Drop as Financials Weaken Further
Perhaps the tariffs are going to weigh more on the economy and rate hikes have gone too far, but the fact of the matter is this market is floundering. Volume was up across the board as the market hit another day of distribution. The Russell 2000 led the market lower...
Trade Fears Continue Sellers Hammer Stocks
Following Friday’s Russell Rebalance the market witnessed hefty selling to begin the last week of June. Volume wouldn’t eclipse Friday’s level due to the rebalance or reconstitution of all Russell indexes, but price damage was done. Utilities were the safe haven on...
Dow Lags as Small Caps end Higher
We continue to see the Dow Jones Industrial average struggle with looming trade fears hang over the market. In the meantime, we see Small and Micro Cap stocks blast higher into new all-time territory. Volume was lower across the board as institutions weren’t all that...
Week Kicks Off with Small Gains; Fed in Focus
Geopolitics was on center stage on Monday with the North Korean/US summit. The highly anticipated summit went on as planned, but markets have shifted focus. There have been deals struck before only to see them cheated or even ripped up. Whether or not this one holds...
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