COMMENTARY

A late day slide clipped the day’s gains, but we were able to close higher on the session. Volume ended higher across the board today. Perhaps a good sign we are seeing accumulation? Banks continue to push higher while utilities and real estate stocks suffer. Interest...

Utilities have another terrible day dropping more than 2%. Telecom and Real Estate weren’t too far behind utilities. Bond yields jump again and now we are seeing interest rate sensitive sectors falling with anticipation of higher rates. Stocks fell on the session as...

Just what the doctor ordered for this market after Friday’s huge rally after fears over a DB collapse subsided. Volume was light on the session coming off the weekend. Lows of the day were set at 12:30 and we were able to find buyers through to the close. It was nice...

Forget the Federal Reserve trying to raise rates as fears of a DB failure sends stocks lower. DB has a very large derivative exposure and like we saw in 2008 it does not take much to push risk over an edge. Systematic failure was something Central Banks across the...

What a day for the market as we built upon Tuesday's gains. We had a lot of help from energy names with crude oil jumping to a $47 handle a forte an OPEC deal on a production freeze was announced. There is still more work to be down from the S&P 500 and Dow, but...

Futures took a roller coaster ride overnight as Dow futures jumped 100 points just after the conclusion of the first presidential race. However, by the open futures had erased its gains and we opened in negative territory. Sellers really never found any traction and...

A light volume affair today as traders position themselves ahead of the first presidential debate. We find this quite silly, but given the action since the Federal Reserve on Wednesday you should already be positioned accordingly. Crude oil rose on the session closing...