COMMENTARY
AMZN Weighs on Broader Market; Dow Down 450+ Points
Sellers opened the week with the upper hand sending stocks lower. Consumer Discretionary stocks were the worst performing S&P sector with the group down nearly 3%. Volume was tracking higher across the board as the market is searching for a floor. No sector was...
Stocks Close Lower after Rocky Session
This market continues to be rocky and one lacking any sense of a direction. Standing on the sidelines is not a bad place to be until we get clarity from this market one way or another. For seasoned traders who are able to cut losses quickly and position sizing can...
Big Gains to Kick Off the Trading Week
What a fantastic way to kick off the week of trading. Solid gains across the board were a good sign for this market as we did not collapse through February lows. Volume was light, but par for the course for a Monday. It would have been nice to see volume flood into...
Fed Raises Rates as Expected; Trade Fears Loom
As expected the Federal Reserve raised rates again yesterday. The move comes as no surprise to the market as it was long expected the central bank would raise rates. We saw stocks bounce around but ultimately close lower on the session. Small caps were able to see...
Facebook under Siege as Privacy Worries Grow
As we inch closer to the latest FOMC meeting news breaking on FB and privacy concerns slammed the stock weighing on the broader market. The NASDAQ composite led the market decline closing lower by 1.8%. Small caps only finished the day down .98%. An interested...
Stocks Fall for the Second Straight Session
Despite gapping higher to start the session Wednesday’s market saw stocks move lower. Volume was higher across the board. Not really a good signal but given the V-shaped rally we have this may be par for the course. The Dow remains the black sheep of the bunch as it...
Global Macro Concerns Rattle Traders
For those who pay attention and need to consume the noise are concerned with the global macro picture. Tariffs are the main topic this week with many concerned over trade wars and costs of goods sold. All we care about is price and nothing more. Sure, cocktail parties...
Small Caps Lead the Market Despite Headlines
The macro picture continues to be a headline grabber as another advisor to the US President steps down. Markets initially did not like the news as futures were down big Tuesday night. As it turns out the market simply did not care and small caps were the group to lead...
Stocks Advance despite Tariff Fears
Shaking off early losses the market rebounded with the Dow Jones Industrial Average took the lead. Finishing higher by 1.37% the Dow was led by CAT and BA. Tariff talk dominated the headlines, but stocks seem to ignore the noise and push forward. Volume was lower...
Stocks Kick the Week off with Gains
Our V-shaped ramp continues as the Dow leads the market higher as February looks to erase the entire losses from the first week. Volume was mixed with NYSE volume higher while the NASDAQ fell on the session. This market is certainly resilient and is poised to march...
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