COMMENTARY
Solid Gains from Stocks Tuesday
A good day of gains across the board from stocks on Tuesday. Volume was mixed on the exchanges as NASDAQ volume edged higher while NYSE volume decreased from Monday’s level. Not a bad session by any stretch of the imagination, but we still see small caps lagging...
Broader Market Gains; Small Caps Left Behind
An interesting day on the street Monday as stocks enjoy a bit of a roller coaster ride intraday. Volume was lower across the board from Friday’s option expiry level. Not a surprise in the slightest. Earnings continue to be a focus of the market, but with the ECB and...
Stocks Look to Bounce Back from Friday’s Sell-Off
Friday’s stock market session started off well, but sellers had a completely different idea. Yes, Friday’s session was option expiry an expectation of weird trading is high. The reversal of fortune for bulls was not what they wanted to see from the market. Of course,...
Stocks Rebound in Higher Volume
At the start of Thursday’s session, it certainly appeared as if the Dow was going to head towards a 3-day losing streak. The market reversed course and end higher across the board with the Dow edging out a 3-point gain. NY Fed comments over a rate cut certainly helped...
NASDAQ and S&P 500 Notch a Day of Distribution
While we are not going to issue an all-out sell signal, Tuesday’s distribution day should highlight the need to have an exit strategy in place. While the Russell 2000 as measured by IWM inched out gains the broader market did not and ultimately ended the day in...
Russell 2000 Stumbles; NASDAQ 100 Gains
Monday’s action saw the S&P 500 hit a new all-time high, but volume subside. At the very least we did not see the market roll over in heavy volume or a distribution day. The Russell 2000 had a weak session and continues to be a laggard amongst the NASDAQ and S&P 500....
Stocks Look to Build on Friday’s Gains
A good session Friday as the Dow Jones Industrial Average led major indexes followed but the Russell 2000. Volume ended the session lower on the NYSE and NASDAQ. We prefer to see volume increase day over day, but still good to see stocks rise. Earnings season will...
Dow Lags as Volume Drops
A light volume affair on Tuesday as traders await Powell’s testimony. While we have yet to hear news of a deal between China and the US the focus has been on a rate cut. Will the Fed cut rates at their next meeting or not. A trade deal with China would all but put to...
Stocks Begin Weak in the Red; Powell Speech in Focus
Monday’s session saw a day of distribution with volume higher on the NYSE and NASDAQ. Russell 2000 followed by the NASDAQ Composite led the market lower. Not the way you want to start the week with distribution but given last week’s holiday shortened week volume was...
A Stronger than Expected Jobs Report Casts Doubt on Rate Cut
An unexpected jump in June Non-Farm Payrolls while positive reduces the possibility of the Fed cutting interest rates at their next meeting. Friday’s market saw SPY and QQQ end the day on the negative side of things while IWM closed strong in the green. Early Monday...
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