COMMENTARY
Tough start for Stocks; Brexit and Fed in Focus
Over the weekend Bitcoin surged and today the cryptocurrency eclipsed $700 as stocks fall during the session. Friday's action was not ideal and was a signal weakness may be on the way. Today's move was certainly not what bulls wanted to see. There is certainly a lot...
Weekend Update And Top Current Holdings
Friday's sell off is exactly why you do not want the stock market to rally in a straight v-shaped fashion, as we just saw the Russell 2000 do once again. As I mentioned many times during the past week, my momentum oscillators were all entering overbought ranges, with...
Light Volume Pullback as Stocks Finish near Session Highs
Overall a solid pullback in light volume with the major indexes ending the day near session highs. This is the type of pull back you would like to see in an uptrend. We avoided distribution even though we are in overbought territory. It is a good thing for us to...
Energy Leads Stocks Higher
Crude oil headed to $51 a barrel giving a boost to energy names. Volume was mixed, but today NYSE volume was higher and NASDAQ volume was lower. Price action continues to remain in our favor and with very little sell stops hitting gives us a clue this market should...
NASDAQ Lags as Dow touches 18,000
We continue to see positive action from this market and our holdings. Biotech was a big weight around the NASDAQ's neck. Plenty of biotech names were hit hard and the entire group continues to have a tough 2016. Volume was mixed with NASDAQ volume was higher and NYSE...
NASDAQ 100 Lags; Small Stocks Shine
Friday's disappointing jobs report could not slow down this market's uptrend. Let's face it this economy is not about to return to high growth where jobs are abundant. This market continues to defy the naysayers and we continue to find strong stocks. Most of...
Big Wave Trading Weekend Update And Top Current Holdings
Friday was yet another display of positive intraday price action by the overall market as an early morning sell off found support shortly after 10am and stocks spent the rest of the session rallying higher. The difference this time is that there was not any late day...
Stocks Continue their advance ahead of Friday’s Job Report
The S&P 500 cleared 2100 today as stocks continued to push higher. Today's ADP was much improved over last month's reading giving hope to an improved Jobs Report tomorrow. Crude oil reversed its losses after the OPEC oil ministers ended their meeting without an...
June starts with Gains; Employment Data Eyed
It is no big surprise this week's employment data will be heavily scrutinized. Today's release of the Federal Reserve's beige book helped boost the market to begin June on a positive note. Thursday's ADP report will be watched closely. Will it foreshadow's Friday's...
NASDAQ and Russell 2000 Shine
It was quite a mixed session on Tuesday as stocks closed lower on the SPX and DJIA and higher on the COMPQ and RUT. Strong breadth and a late day buying surge definitely helped shape up the closing prices. Volume was well above average and significantly higher today...
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