COMMENTARY

After two days of getting pounded stocks rebounded lead by the NASDAQ composite index. Volume was lacking and today’s bounce looks to be a dead cat bounce for now. While it was nice to see the market bounce it is likely just a pause before we continue lower. We could...

Continuing Friday’s selling traders and investors alike collective sold stocks lower as political pundits rush to get their opinions heard on Brexit. Regardless of the vote, the market is clearly trying to re-price the British leaving the European Union. Financials...

We are now just one day away from the Brexit vote and we cannot be more ecstatic to see it finally arrive. There has been endless coverage and not just here in the states. The entire globe is watching what the Brits will do. Market participants are doing the same as...

Brexit is nearing its end, but it was time for the US Federal Reserve chairwoman to take center stage. The market was quite indifferent to the chairwoman’s testimony on the Hill today. For the most part today was a relatively quiet day in the indexes. The day’s range...

Over the weekend new polls revealed “remain” had gained the upper hand in the Brexit saga. The market cheered the results and global markets cheered. As the market neared the noon hour buyers began to wane. Sellers took over and were able to push the NASDAQ well below...

Selling continued this morning as bonds were racing higher. Volume was running hot, but after 5 straight days of selling the market ran out of sellers. Before the noon time hour, it appeared the market had set the lows for the session and would try to work higher. By...

Well, we found out the Fed is not going to raise rates any time soon. The number of Fed Presidents looking for a rate hike will diminish. Price action continues to remain weak and today was further proof this summer will more than likely be challenging. Volume was...

While the world awaits the Brexit vote our markets continue to act weak. We were able to finish off the lows, but this market is quite oversold and a bounce was not out of the question. A late afternoon rally helped take the sting out of the day's losses. Financials...