COMMENTARY
Stocks Post Solid Gains
Monday’s session was a good way to start the week. We are not out of the woods by any stretch of the imagination, but a good way to start the week. For now, the major indexes are holding October lows and it is a relatively good sign we are seeing support for the time...
Stocks Fall Hard as AAPL and AMZN Lead the Decline
An ugly day to start the holiday shortened week. Volume was lower across the board, but price declines cut deep. The NASDAQ Composite index fell more than 3% on the session as AAPL and AMZN continue their declining price trend. We do have a holiday shortened week and...
Market Remains in Precarious Position; Caution Warranted
Once again weak price action prevailed across the market. Volume was higher across the board as market participants are selling down their holdings. There are a variety of reasons for this market decline, but remember we have yet to see a sniff of a proper correction...
Quick Hits: Price Action Remains Weak
Yesterday’s market action should give you some serious pause as the viability of the current uptrend. Volume rose across the board and yet buyers were unable to keep stocks at their highs of the session. The end-of-day action was weak and indicative of the health we...
NASDAQ 100 Leads Broader Market Lower
AAPL wasn’t the worse loser in the NASDAQ, but the stock’s decline helped push stocks lower across the board. Volume wasn’t higher, but price action remains weak and hints at further weakness ahead. News of a new round of tariffs targeting autos was the excuse stocks...
Elections in Focus; Fed on Deck
Monday’s session was quiet, but AAPL weighed down the NASDAQ. The Dow and S&P 500 were able to extend the current rally off the lows. Tuesday we will deal with nonstop election coverage from news outlets if you choose to subject your self to it. In addition, pundits...
November Kicked-off with Gains; October Damage Remains
October was not a kind to stocks especially small cap stocks. The entire market was hit hard by selling. Most who haven’t seen a real correction like 2000 and 2008 thought what we saw in October was devastating. Things can get a lot worse. For those who followed Big...
Fed in Focus as Indexes Sit Near All-Time Highs
This market is not as clean as we’d like it to be given we are hitting all-time highs. Things are not all that bad out there, but they could be a lot better. Monday’s action was okay for the most part with indexes rallying off their lows. Volume would not come close...
Volume Higher to Kick Off September
After last week’s move in stocks the market pulled in on higher volume. It comes to no surprise the day after Labor Day volume would resume normal level. Summers typically feature much lighter volume than you would see the entire year. We still have the NASDAQ and S&P...
NASDAQ Extends Gains and Win Streak
Summer time trading is coming to a close quickly here as traders gear up for a long holiday weekend. The NASDAQ led the market higher gaining 1% on the session. Volume was mixed on the session and despite its gains NASDAQ volume fell while NYSE volume rose session...
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