COMMENTARY
Stocks Close Flat as Small Caps inch out Gains
Returning from the weekend the market did get off to a mixed start, but also ended the day mixed. While the Russell 2000 was flirting with a breakout it simply did not have the muster to close at a new all-time high. Earnings season has ramped up with NFLX reporting...
Gains Continue but Volume Falls
An impressive comeback by small caps as Biotech’s lift off morning lows with the broader market moving higher. Volume struggled to eclipse Wednesday level, but price gains were once again solid. Biotechs struggled for much of the session. However, the group found...
Yellen’s Testimony Boosts Stocks
Yellen’s statement on interest rates was credited with pushing the market higher during today’s session. Volume was higher across the board as the Dow hit another all-time high. We saw the NASDAQ retake its 50-day moving average yesterday and buyers pushing it higher...
Stocks Shake off Trump Jr Emails; Small Caps Lead
Just when you thought you have seen it all the market dips on the release of Trump Jr’s email exchange. Regardless of your political leanings or thoughts on the current president are completely irrelevant to this market. The fact we found support after heavy selling...
Small Caps and Dow Lag the NASDAQ 100
Not a terrible way to kick off the week, but with Small Caps lagging it could have been better. Stocks did stumble out of the gates as sellers were piling on the morning weakness. It was nice way to see the market gain support at the days lows. Volume was mixed as...
Stocks Fall in Higher Turnover
A roller coaster day for stocks as small caps lead the market lower in higher turnover. A shaky start as stocks gapped lower, but could find their footing just after the first hour of trading. From there, buyers pushed the market higher for much of the morning and...
NASDAQ Rebounds as Trading Resumes
After a shaky start to the morning buyers flooded the NASDAQ after Monday’s lackluster close. No surprise volume was higher after Monday’s shortened session. The biggest newsworthy story was the release of the latest Federal Reserve meeting minutes. Not a huge market...
NASDAQ Snaps Back; Russell 2000 Leads
Despite volume coming in lower than Tuesday’s level the market was able to see a sizeable rally. It was nice to see the NASDAQ find support at its 50-day and ultimately close back above its 10-day moving average. We will need to continue to avoid distribution, but for...
NASDAQ Suffers Distribution Day; Rally In-Doubt
It was not a pleasant day in the market. Led by the decline in the NASDAQ the market suffered a day of distribution. The NASDAQ 100 simply could not hold up against the onslaught of selling. We are increasing our hedges and raised cash with stops firing off. If we are...
NASDAQ 100 Lags Broader Market
The day started off well with prices higher across the board. However, NASDAQ 100 ran into selling weighing on the NASDAQ and entire market. Volume was lower during the session. It never had a chance to challenge Friday’s juiced (Russell Rebalance) level. One thing we...
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