COMMENTARY
Distribution Day Strikes
Just short of a nasty day in the market only a late day kick save helped alleviate some of the selling witnessed during Monday’s session. Volume was higher across the board and coupled with price declines the market notched a distribution day across all major market...
Russell Squeaks Out Gains
Volume was up across the exchanges during Wednesday’s trading session. Major Indexes ended the day flat, but the Russell 2000 was able jump .22%. The increase in volume on a flat day isn’t a huge deal, but we do not want to see the market spin its wheels with volume...
Stocks Stall during Monday’s Session
Monday’s trading session began with big gap at the open. Buyers were unable to hang onto the gains and sellers would remain in control for the rest of the session. Volume was mixed on the exchanges with NYSE volume coming in higher and NASDAQ volume lower. The action...
NASDAQ Snaps 8 Day Win Streak
For the first time in two weeks the NASDAQ saw its constituents collectively close to the downside. Overall, the entire market slid as volume as lower across on each index. NASDAQ exchange volume was higher on the session, but only by a few basis points. Thursday’s...
Dull Day of Trading on Tuesday; Indexes Challenging December Highs
A light volume day on the exchanges on Tuesday as traders came back from a long holiday weekend in the United States. Small Cap stocks led market gains, but gains were small and given how low volume ended the session it was quite a boring. We will take boring, but at...
S&P 500 Regains its 200 Day
For the fourth straight day the S&P 500 ended the day with gains. While it was nice to see gains, the last 30 minutes was not exactly what you want to see to close out the session. Volume on the stock exchanges were mixed as NYSE volume fell, but the NASDAQ saw volume...
Light Volume Monday; Small Caps Lead
Overall, a very dull session as the market sees the lightest trading day since August. Not a real surprise as we do see light volume on Mondays. Will it be significant is anyone’s best guess. We definitely would like to see the market consolidate in a tight manner for...
Stocks Slide for Second Straight Day
While stocks were able to finish off their lows of the session the price decline coupled with volume notched a day of distribution. The good news for the market was we were able to see the major market averages hold their respective 10-day moving average. Another...
Stocks Continue to Rally
We continue to see stocks rally off the December lows. The NASDAQ led all major market averages with the Russell 2000 a close second. Volume was normal a Monday, lower than Friday. It would be great to see some resemblance of a consolidation period. Gains are...
FOMC Statement Fuels Rally; FB Earnings Surprise
Wednesday was a banner day for the stock market yesterday with hefty price gains supported by strong volume. It helped we had AAPL earnings and the Fed to assist with volume. However, strong price gains are nice to see and odds of the major market indexes testing...
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