COMMENTARY
Rally Loses Some Momentum; Stocks Close with Gains
From the onset it appeared as if we were going to see another strong day for the markets. Unfortunately, as the afternoon wore on sellers had the upper hand. SPY closed higher by .46%, but well off its high of the session. IWM suffered the same fate while QQQ was able...
Stocks Follow-Through Friday as the NASDAQ Storms Higher
On Day 4 of the most recent attempt at a rally the NASDAQ confirms a new uptrend. Solid news for the market as the NASDAQ Composite gains 1.66% during Friday’s session. Volume just barely increased on the NASDAQ, but the combination of price and volume gave the day a...
Industrials Lead the Way; Small Caps Lag Again
Thursday’s session saw Industrials lead the way while volume dropped on both exchanges. We have seen volume drop in consecutive days indicating this may just be a dead cat bounce. This does not mean after the jobs report prior to Friday’s session we cannot see a...
Fed Hope Continues to Boost Stocks
Wednesday’s action saw stocks move higher as hopes of a Fed intervention by cutting rates spread across the stock market. Thursday’s session will be day 3 of an attempted rally. It would be nice to see the stocks consolidate a bit prior to heading into confirmation...
Fed Comments Help Ease Trade Fears; Stocks Higher
A solid day for the equity markets as stocks rebounded after Monday’s hefty losses. Volume was lower across the board as the NASDAQ 100 led the way followed closely by the Russell 2000. Day 1 of an attempted rally for this stock market. Would have loved to see volume...
Bonds Continue Rally as Big Cap Tech Falls
New Anti-trust investigations into the countries largest tech companies have rattled the NASDAQ 100 and Composite indexes. Both are dominated by the largest technology companies in the US and it is no wonder both were hurt when AMZN, GOOGL, and AAPL fell during...
Futures Indicate Lower Open to Begin June
Early morning futures are indicating stocks will open in the red to begin the final month of the second quarter. We have had quite the little correction since peaking back in early May. SPY is sitting just on top of its 200-day moving average along with the QQQ. IWM...
Weak Price Action Continues
The stock market remains in a precarious position. While it is oversold, we are in a spot where anything can happen. Just because the market is oversold doesn’t mean it cannot get worse. At this point, with Trump adding new tariffs to Mexican goods the market is not...
Fears Continue to Mount as Correction Continues
Opening the week on a positive note during the early part of Tuesday’s session gave the impression we were off to the races. Sellers had a different idea erasing the morning gains and eventually lower prices. Futures are set to open much lower for Wednesday’s session...
Trade War Fears Continue as Stocks Decline
Until there is some sort of definitive event, we are going to be in Trade War purgatory. There are a multitude of outcomes at this point, but it would be nice to get this thing resolved one way or another. Wednesday’s market saw stocks decline on declining volume...
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