COMMENTARY
Final Hour of Trading Sours Day; First Distribution Day in 2 Weeks
The final hour of trading sent stocks lower as the NASDAQ has its first distribution day since the 17th of May. Volume was running higher than Monday throughout the day, but selling picked up as the market closed out the session. In a positive development it was no...
A Dull Day on Wall Street Kicking Off the First Week of June Trading
Perhaps traders are suffering from a weekend hangover as stocks close lower in very light trading. Volume was lower across the board and below average. We actually need a few days where the market moves very little and volume is light. We have come quite a ways from a...
Weekend Update: Headline News Wall Of Worry
Stocks staged a pretty decent follow-through, on Friday, to the Wednesday reversal and Thursday rally. Stocks did not manage to trend up the entire day but some selling in the final 30 minutes was accumulated into the close. The RUT started to lag around mid-day and...
Friday Morning Coffee: Uptrend continues
Despite all the negativity regarding the political and economic landscape our uptrend continues to remain intact. We continue to get new trading signals, a healthy sign for this uptrend. Yesterday, small cap stocks could jump more than 2% recovering from Wednesday’s...
May closes out with Losses, but NASDAQ on a 7 Month Win Streak
A great start to the day as traders quickly erased yesterday’s losses. However, it did not last long as sellers got ahold of the market and slammed it lower. The rollover appeared to be severe as volume was running hot and there were no signs of support until after...
NASDAQ and S&P 500 Break Win Streak as Wall Street Deals with the Memorial Day Hangover
A relatively quiet day on the street in terms of volatility, but stock couldn’t muster the necessary buyers to end in positive territory. Small cap stocks performed the worse as sellers hit the group hard. The Russell 2000 closed below its 50 day moving average....
Stocks Extend Gains; Volume Higher
Last Wednesday’s selling has been completely erased and the market is now back to all-time highs. Volume on the session expanded as traders continue to find themselves back into the market. What we heard last week was Trump was going to destroy the market and he was...
SPX Erases Last Wednesday’s Sell-Off
One heck of a market. No commnetary tonight.
Russell 2000 Leads Small Gains
The slow push to get back above the high of the day last Wednesday continued today as volume slid lower on the session. Whether or not this is purely short covering remains to be seen, but we continue to remain in our current uptrend. GOOGL hit a new all-time high,...
NASDAQ 100 Leads Market Higher
A solid day for price gains as big cap technology stocks continue to find buyers pushing the market higher. We have almost completely wiped out last Wednesday session. Many were quick to call a top last week as Wednesday’s action was a little concerning. This is where...
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