COMMENTARY
Stocks Rally as Volume Inches Higher
Living below the 50-day moving average did not last long for either the NASDAQ Composite or S&P 500 as buyers hopped back into the market. Volume was higher, but only be 1.7% on the NASDAQ and 1.33% on the NYSE. Solid price action, but we did not see a flood of...
Total Eclipse and Light Volume, Tight Trading to begin the Trading Week
Monday’s session witnessed lighter volume across the board. The Dow and S&P 500 could battle for gains after morning selling. VIX was slammed as the market traded higher and in a relatively tight trading band for the day. Fear is not something we are seeing from...
Stocks Fall Hard as Distribution Mounts
Thursday’s stock market action was quite telling with a high volume down day resulting in a day of distribution across the board. Losses were heavy across the board and now with 9 distribution day’s the NASDAQ appears weak enough to move back towards its 200-day...
Stocks Sneak Away with Gains after Fed Minutes
Wednesday’s session was a bit lackluster with the market unable to hold majority of the day’s gains. Volume was up across the board, but given where we ended it isn’t inspiring this attempt at a rally will be fruitful. GOOGL and AMZN appear to be rolling over even as...
Stocks follow up Monday with Quiet Session
A quiet day on Tuesday with the Dow inching out gains while the S&P 500 and NASDAQ finish to the downside. Volume was mixed with NYSE volume jumping while NASDAQ volume fell on the session. Not a bad session by any stretch of the imagination given the big move on...
Stocks Start the week on the Positive Side
After last week’s tumble, the market aimed to stage a comeback on Monday. Volume was lower across the board as Summer and Monday trading hold true to form. The news cycle continued to focus on the appalling situation over the weekend and turned away from North Korea....
Friday Morning Coffee: Stocks Fall Hard; Red Flags Fly
It was bound to happen as stocks made their way higher into new all-time high territory sellers would come in and hit stocks. We have seen this happen before in May and in June. This time, seasonality is on the side of sellers and with roughly two months left of weak...
Summer Trading Continues, NASDAQ hit with Distribution
Volume was mixed across the board as NYSE volume fell with NASDAQ volume rising on the session. The NASDAQ fell 56bps and given the higher volume is classified as a distribution day. We expect lackluster to weak action during the summer months and yesterday was a...
Stocks Stall out at Highs, Volume Jumps
Tuesday was not the type of day you would expect after the mornings strength. Volume rose on the session as traders left as quickly as they entered the market Tuesday morning. The high turnover produced a bearish reversal for the first time in quite some time. AAPL...
Traders Welcomed back with Low Turnover and New Highs
Once again, the Dow sets another record high for the 9th straight day closing higher for the 10th day in a row. While gains are not tremendous we continue to see the index act well despite the negativity surrounding the market. The QQQs finished higher by 63bps...
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