COMMENTARY
Stocks Gap Lower Thrusting the Market into Correction Mode
The wave effect was in high gear as a global sell-off in stocks began in Japan and finished in the United States. A disappointing GDP report, showing Japan is out of a recession sent traders to sell off stocks. At 4pm EDT the selling finally ceased leaving the...
Get Strapped In For A Wild Monday!
I was extremely busy this weekend with errands that have to be done and due to this constant activity of "stuff" I am unable to deliver a very long commentary. However, I will say the smack down we are getting in the futures is the reason why I have been selling...
Stocks Post Gains with Late Day Rally but Volume Lags
When all was said and done stocks ended higher on the day while volume slid off heading into the close. The NYSE had to deal with a computer glitch that was not properly handling trades causing volume to be "off" giving an inaccurate picture of how active the...
Small Caps Lead the Way as Stocks Finish Higher in Heavier Trade
The morning buying frenzy jolted stocks higher as shorts covered their positions heading into the FOMC rate decision. By 10amEDT the frenzy had slowed by quietly volume began to pick up on the day as institutions were slowly picking up shares. Institutional players...
Financials Weigh Heavily on the Market as Stocks Notch a Distribution
Back to back days sellers took full advantage of sleeping bulls and knocked down the market. Financials were the leading group on the downside with banks receiving the biggest blow. Outside of financials the selling appeared to be quite tame and orderly. With that...
A Quiet Day on Wall Street as Stocks Consolidate Gains
SIDENOTE: THERE IS A TROPICAL STORM HITTING HAWAII (OAHU, MAUI, KAUAI, MOLOKAI, LANAI, BIG ISLAND) THAT WAS HURRICANE FELICIA AND IT IS ALWAYS POSSIBLE THAT THE RAIN OR WIND WILL KNOCK OUT POWER. IF BY SOME CHANCE POWER IS KNOCKED OUT YOU WILL NOT SEE THE NEW...
Stock Indexes Reverse The Selling Rising On Mixed Volume; Small/Mid-Caps Of Low Quality Are Doing Much Better Than High Quality Stocks Of ANY Size
I focus a lot on the IBD indexes because these indexes consist of the highest quality stocks based on fundamental and technical data. Historically speaking, these stocks normally do MUCH better than the overall market when you are in an uptrend. This rally, since the...
Stocks Slip Again as Selling Takes Over Wall Street Notching Another Day of Distribution for the NASDAQ
The morning gap higher was quickly sold and sold hard as stocks were steadily sold off throughout most of the day. Bulls were certainly out taking profits as sellers continued the selling pressure. Volume on the NYSE was running hot along with the NASDAQ during the...
Stocks Notch a Day of Distribution, but Late Day Support Softens the Blow
Blame it on ISM non-manufacturing index coming in below expectations but this market was overdue for a distribution day. Since this uptrend began on 7/8 we have yet to see a distribution day creep into the market. Sellers stepped up the pressure just after the...
Late Day Support Kicks the NASDAQ into Positive Territory as Small Caps Take Charge
Small caps continue their reign over larger cap stocks as small cap indicies notch very nice gains. Going against the common thought of a pull back stocks continued their march higher despite the majority calling for a pullback. Just about 2pm EDT stocks took a...
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