COMMENTARY

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...

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...

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...

Led by a large decline in energy names the market had a tough session as only the NASDAQ could come away positive on the day. Small cap stocks continue to be a trouble spot for the entire market as investors continue to flee. Not a good day by any stretch of the...

It is hard to believe the last time the Dow Jones Industrial Average closed lower for 2 consecutive days was in January. Volume was higher across the board as the S&P 500 and NASDAQ marked a day of distribution. Volatility remains tame with the VIX still sporting...

When I went to bed on Thursday evening I was slightly disappointed thinking my hedges might miss as the futures were at their lows of the session. By the time the market opened my hedges filled and the market started to sell off which made me feel a little better....

A decent day for a rest as we see the broader market pull in on lighter volume. We need days of consolidation to digest gains properly. It would be great if we can head sideways and ease the pressure from overbought conditions. Our primary trend is in place and it...