COMMENTARY
NASDAQ and S&P 500 inch out Gains; Dow Slides Lower
Following up yesterday’s performance stocks see volume subside and the Dow continuing to find buyers. The NASDAQ and S&P 500 were able to inch out gains, but it was not an overly impressive showing for the overall market. Energy slumped on falling crude prices....
Stocks Slump as Trump Inauguration Nears
Coming off the long week the market started the week on the wrong foot. Sellers dominated much of the day. Volume was up across the board as the NASDAQ notched a day of distribution. Perhaps the real tell of the market were financials as regionals and large banks...
Stocks Shake Sellers end near Session Highs
What a wild ride in the markets today. While not as wild as September 2008, but given the context of this rally it was quite a ride. Early morning sellers went to work on the market pushing stocks to the session lows in no time. Slowly, but surely buyers began to push...
NASDAQ hits another High Despite Biotechs
All things were moving nicely for the overall market heading into Trump’s speech this morning. However, his comments regarding drug prices sent the entire biotech industry lower. Drug prices have been ripe to get after by politicians and rightfully so. It is Trump’s...
Another New High for the NASDAQ; Small Caps Lead Market Higher
We can only write the Dow misses the 20,000 mark again so many times. What the market is waiting for is anyone’s guess. Aside from the NASDAQ the S&P 500, Dow, and Russell 2000 remain in consolidation mode. Volume was mixed today as NYSE volume surged higher while...
S&P 500 and Dow get hit with Distribution; NASDAQ 100 Higher
Today was a lackluster start to the week with small cap stocks lagging the broader market while the NASDAQ 100 pushed higher carrying the rest of the NASDAQ with it. Volume was higher across the board as the S&P 500 and Dow notch a day of distribution. Crude oil...
Big Wave Trading Weekend Update
Stocks staged a nice little rally on Friday and while volume was lower than the session before it did not matter to the SP-500, NYSE, Nasdaq, or Nasdaq 100 as all of those indexes hit new all-time highs this week. The only concern behind yesterday’s rally, besides the...
NASDAQ Sets a New High; Dow 20,000 remains Elusive
While a few await tomorrow’s, job report we saw a mixed market with both price and volume ending mixed. Led by the FANG stocks the NASDAQ pushed higher while the Dow continues to chase 20,000. Last week we saw the Dow close below 20,000 for the 121st time in the Dow’s...
Gains Continue as Volume Rises
Another solid day of gains as stocks build upon the years first day of trading. Volume was up on both exchanges in a good sign institutions are putting money to work. The Federal Reserve meeting minutes were quite hawkish, but given their statement after their last...
Stocks Kick off New Year with Gains
A solid start to the year as traders rejoice push stocks higher. After Friday’s dismal performance we were looking for further consolidation and avoid further selling. From the start, it appeared as if buyers were in control. We saw buyers begin to rush back into the...
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