COMMENTARY
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...
Distribution Strikes as Dow 20,000 Eludes Again
Heavy volume selling hits the market as the current uptrend is now beginning to look shaky. Some selling is not out of the question nor are days like today. Days like today only increase the odds we may see selling continue further. Volatility ticked higher today, but...
NASDAQ Inches out Gains; DOW 20K remains Ellusive
Coming off the long holiday weekend the market got off to a great start. However, by the end of the session we were well off the highs of the session. The Dow and S&P 500 continue to work off overbought conditions as both continue to remain poised to push higher....
Weekend Update: Reviewing Some Current Long Positions
Let's take a quick holiday weekend peak at some of our current winning long positions. Why not review any losing positions? Because we have them and when we do we stop out or cut our losses immediately. There is not any wishing or holding on to losing positions. They...
Stocks Stumble with One Trading Day to Christmas Weekend
Distribution hit the market today as the major market indexes finally close below their respective 10 day moving averages. Higher volume across the board indicated many were looking adjust portfolios heading into the weekend. Distribution does happen and we expect it...
Stocks Stay in Tight Range and Close Lower
The Dow had its tightest range in recent memory as the 20,000 mark continues to elude the Dow. Overall, the market had a decent day with volume dropping on the session. There are 6 trading days left in year and we certainly do not expect this rally to end prior to the...
Financials Lead Stocks Higher
For the second straight day this week the market is able to find enough buyers pushing this market higher. The Dow Jones Industrial Average marked its 17th record close since the election as Financials lead the market higher. Led by Banks, specifically Regional Banks...
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