COMMENTARY

Many traders on Friday were rejoicing they had found the bottom and were long the market. While Friday’s action was a first good start we are not out of the woods just yet. Our strategy isn’t to pinpoint market turns. We and other professional traders have found it’s...

Sellers rejoice as stocks fall hard. Pundits are blaming anyone from “idiots” to higher interest rates. Volume was up across the board, but far from Monday’s level and not indicating a washout. We have been warning not to be in a rush back into this market. This type...

It has been a long time since we have seen volatility like this in a very long time. Stocks finished higher on the session and before anyone gets too excited it will take some time to clear the dust from the past two weeks. Many will be looking to take advantage, but...

Many traders were left stunned on Monday when selling intensified even after a morning rally looked to end what began earlier last week. Volume swelled as sellers rushed to sell at any cost. Volatility spiked with the VIX ended near 40. We have not seen this type of...

We have had a busy week with this market between earnings, the fed, state of the union address, and now the jobs report. For the most part, this market is holding up well. However, it is under pressure with distribution creeping higher. Major indexes have had a tough...

Wednesday’s action was not the greatest, but the good news once again buyers were able to come in at the lows and push the market higher. Volume was higher across the board. Thus, NASDAQ Composite finished down .61% notching a day of distribution. The Dow was able to...

There is very little doubt we are not in a melt-up phase of this historic market run. Buyers continue the relentless quest acquiring shares at higher prices. Regardless of what you might think of valuations buyers are still bidding stocks higher. Whether or not we go...

Despite the government shutdown lasting 69 hours the market was able to reverse early losses and close higher. Volume was mixed with NASDAQ volume moving higher while falling on the NYSE. After-hours a FANG stock reported earnings and is pushing higher in pre-market....

What a great start to 2018. No matter what you think of this market is pretty impressive we have begun the year this way. Given all the historical research we should see this market higher than where it ended in 2017. A correction of some kind may sting this market,...

There is simply no quit in this market whatsoever. Sure, the Dow closed lower by almost 13 points. However, the overall market continued to make gains. The ability for the major indexes to hold their respective 10-day moving averages is something extraordinary. Volume...