COMMENTARY
BWT Top Current Holdings Update (4/10/17 Edition): IVAC BPMC SXE HNR
Study, study, study!
Monday’s Market ends Flat
So much for any exciting market action today as the stocks closed flat on light volume. A mid-day sell-off did spark some interest, but once again this market found a way to muster enough support. We continue to see this market look very fragile and yet find a way to...
Weekend Update: Weak Yet Somehow Sturdy Holding Pattern
The overall market continues to lack any clear direction with individual stocks in my personal holdings looking pretty darn strong/solid overall but the overall market/tape looking quite problematic. The MACD and RSI(14) oscillators are all still trending lower on...
Small Gains after Wednesday’s Selling; Traders await March’s Job Report
Today's light volume affair was uneventful as the market awaits Friday's job report. The good news is we did not sell sellers pick up where they left off after Wednesday's debacle. We continue to see a lack of follow-through to the downside which is good news for...
Late Day Sell-Off Sours Market; Fed Minutes to Blame
The latest release of the Federal Reserve Open Market Committee meeting minutes sparked a nasty sell-off during the final hours of trading. Sellers were in a hurry to dump Small Cap stocks as the group continues to act very weak. Distribution is certainly elevated,...
Small Caps Lag; Broad Market Inches Higher
Another lackluster session as the market continues to remain range bound. Small cap stocks continue to lag the broader market and the Russell 2000 remains below its 50 day moving average. Investors are simply not excited to jump into small cap stocks. At some point...
Weekend Update: V-Shaped Dead-Cat Bounce
That elusive strong close just kept getting further and further away with each attempted dead-cat bounce this week. I must say that for a low overall volume bounce, my positions have held up beyond extremely well with zero stops triggering intraday on Friday and only...
A Big Day for Financials; NASDAQ at All-Time Closing Highs
Leading the day were financials as the group jumped higher leading the entire market higher. Utilities were the day’s biggest losers as the 10-year treasury note moved back above 2.4% today. Energy took a breather closing flat on the session after a solid 5-day...
Crude Oil Rallies lifting Energy Stocks
Energy was the biggest winner on today’s session as crude oil prices near $50 a barrel. Crude oil rallied after inventories showed a build. Financials were the biggest losers on the session even as a few Fed members hinted at more rate hikes this year. The NASDAQ...
AAPL at another All-time High; Stocks Rally
While AAPL hit another new all-time high today while Energy and Financials helped push the S&P 500 and Dow Jones higher. The S&P 500 and NASDAQ have shown support at their respective 50 day moving averages. Volume was higher across the board indicating traders...
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