COMMENTARY
Stocks Shake off Selling; NASDAQ Leads
After Friday’s rally following the news Trumpcare would not see a vote did not carry over to the opening of futures Sunday night. While the losses weren’t spectacular they were quite large compared to what we have seen from this market lately. Futures continued to...
Weekend Update: Is This Just A Dead-Cat Bounce?
The lack of normal pullbacks in 2017 finally gave way this past week when stocks fell hard on Tuesday with the Nasdaq doing something no index has ever done before–hitting a new all-time intraday high and new 1-month low all in the same session. The good news,...
Trumpcare is in Doubt; Stocks Close Lower
The noise of the day was whether Trump’s healthcare law had enough votes to pass. Stocks did not like hearing there were not enough votes and closed lower. Volume was lower too. Real Estate was the biggest winner of the day as the sector was up more than 70bps. Energy...
Large Cap Tech Leads Rebound
If it were not for Large Cap technology stocks this day would have turned out differently. Lead by MSFT, AMZN, AAPL, and GOOGL the NASDAQ 100 led all major market averages. The Dow was unable to eclipse the breakeven mark, but finished off its lows. Volume was lower...
Ugly Reversal as NASDAQ tumbles from All-Time High
Today’s session began with gains and it appeared there was nothing that was going to stop this market from heading higher. Sellers had a different plan, immediately hitting the market sending the market lower. While we did see relief at some points in the day, sellers...
Volume cools after Friday’s Quadruple Witching; Stocks continue Tight Trading Range
We continue to see tight consolidation across the board as the market continues to digest the gains we have seen in January and February. February was a huge month for the market as a whole and we have needed the market to cool in order to sustain these gains. This...
Volume Slides as Stocks Fail to Build on Wednesday’s Gains
At the start, it appeared as if we were going to follow-through on the post Fed gains. We simply did not have the fire power to continue to push higher. Volume was lower on the session, but given the turnover on Wednesday it would have been difficult to eclipse. Today...
Stocks and Bonds Rally as Fed Hikes Rates Again
As expected the Federal Reserve hiked rates another 25 basis points at their latest open market committee. Bonds rallied sending yields lower. It is not often you see Bonds and Stocks move in tandem. Volume was higher across the board as traders rushed into the...
FOMC Meeting Begins; Stocks take a Step Back
Ahead of tomorrow’s FOMC meeting stocks were mostly quiet. Most, if not every trader believes the FOMC will raise their benchmark rate by another 25 basis points. The market seems quite content with the move as evidence by the lack of volatility and extreme fear. At...
Market treads Water ahead of FOMC Meeting
We began the week with a light volume affair with most stocks holding up well. Complacency continues to hit all-time lows as many traders continue to see very little volatility ahead. Crude oil was lower again hanging around the lower half of its 48 handle. It is good...
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