COMMENTARY
Ahead of FOMC Minutes Stocks give up Monday’s Gains
We were bound to see this market cough up gains at some point. Today we saw the market roll over into the close ending the session with a day of distribution. Yesterday’s gains have vanished as we get the latest release of the FOMC meeting minutes. What we did see...
NASDAQ wears out the Energizer Bunny, Keeps Going
The market welcomed traders back with a solid move into new high territory. Volume was up across the board as traders raced to get in the action. Retail simply has not been participating as seen in the AAII survey and at this point they have missed out on a great...
BWT Weekend Update And Top Current Holdings
Major stock averages ended the week the way they have traded throughout the past few weeks. With resilience. Stocks started off the day on a solid note but sold off to new intraday lows by midday before bouncing back and rallying into the close with the Nasdaq closing...
Crude Oil jumps; Stocks push Higher
After stalling out on Tuesday the market has been able to claw its way back and nearly recapture the high set this week. Volume was lower on the session despite some strong action in some names. Sellers continue to take this summer off as we remain near all-time highs...
Volume Eases as Small Caps Lead Market Lower
Following up yesterday’s stalling action, the market fell in light turnover. Earnings continue to pour in with YELP having a big move to the upside. MYGN on the other hand was decimated after disappointing the street. Selling seemed to be well-contained and did not...
NASDAQ Loses Steam but Closes Positive
Today’s session was a bit different than we have seen in the past. Volume was higher on the session as new highs were once again set. The issue was the stalling action on the NASDAQ and S&P 500. This market has come a long way from February lows as well as Brexit...
A Solid Day of Consolidation for Stocks after Friday’s gains
Friday’s surprise jobs report number sent stocks flying high! It was not expected and traders rushed into the market. Given the overbought nature, today’s pullback in light volume is a welcome sign. We need consolidation like today as it allows for the market to keep...
BWT Weekend Update And Top Holdings
Friday's session left no doubt about that this market wants to go in the short and intermediate term. Stocks rallied with gusto on Friday with volume coming in higher on both major exchanges according to my data providers. The DJT led the session higher followed by...
Jobs in Focus; Stocks end Mixed
A quiet session today as stocks end flat with volume drying up. The VIX continues to hang near multi-month lows pushing VXX to more all-time lows. Investors are expecting volatility to remain calm. SPY and QQQ average true range continue to remain near multi-month...
Dow snaps Losing Streak in lower Volume
A solid reversal today with Small Caps leading the market higher. Volume was lower on the session, but we have seen this story before. Yesterday’s low is now a pivot and one worth watching. Energy rebounded today as crude finally closed in positive territory. Good...
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