COMMENTARY
Stocks Set to Drop Following Last Week’s Gains
Big gains last week despite continued fears over the virus. Crude Oil pushed higher as states and other countries begin to open back up albeit slowly. It remains unseen what will happen as states begin to pen gradually. Many simply won’t open for some time, but others...
Stocks Rally but Volume Mixed
NASDAQ led the market higher Monday with volume coming in higher than Friday’s pace. TSLA was a big component behind the rise in the NASDAQ 100. Energy led the S&P 500 as oil climbed back above $20. We would not describe Monday’s session as a big day for the market,...
Crude Oil Lower; Stocks Looking to Add to Friday’s Gains
As we begin another week in Quarantine Crude Oil resumes its march lower. June Crude Oil is down more than 20% as the lockdown has no end in sight. Stock futures up near 1% to begin the week. A high-volume push higher is what this market needs. Whether we get it...
Crude Oil Crashes; Dow Leads Decline
What a day for Crude Oil as the front month expired Monday prices closed at $-37.63 a barrel. Stocks followed suit closing lower in light trade. Small Cap and Nasdaq stocks faired the best, but still closed lower by more than a percentage point. Tuesday morning...
Volume Light, Stocks Fall Led by Small Caps
Volatility is the way of life in the market since COVID-19 hit. We will continue to see volatility as this market works out the new normal. Most are trying to guess what it will look like while we focus our attention to what really matters and that is price. Crude oil...
Volume Dips; NFLX Lifts NASDAQ 100
A mixed day on the street Monday, but with volume lagging Friday’s session indicates sellers lacked power. IWM dropped 2.71% on the day, but daily ATR dropped. Volatility is contracting across the board and it comes as no surprise as we move away from March’s decline....
The Rebound Continues
We have seen the market recover from the COVID-19 lows set back in March. Fears over what the pandemic would do to the overall economy. When you shut down the largest economy in the world there are going to be ramifications. Those will be immediately felt by those who...
Stocks Follow-Through; New Rally Underway
For the second time in two weeks Small Cap stocks notch a follow-through day. Follow-through days always proceed a stock market rally. While not always 100% correct no rally ever begins without a day with big price gains with volume higher than the previous session....
Crushing Day for Stocks; The Global Shutdown
This market has been brutal for stock market bulls. We have warned and warned time and again this market and how to always protect your downside risk. The rally from October 2019 was nice in terms of gains, but a correction was always around the corner. No one could...
Stocks Jump, but Volume Drops
Wednesday’s market action comes off the heels of Tuesday’s surprise Federal Reserve rate cut and Super Tuesday. Politics aside, the presidential race should provide traders with cocktail party ammunition only. As price is our guide there is no reason for us to spend...
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