COMMENTARY
Traders shrug off Economic News End Higher
A weak NY Federal Reserve Manufacturing number did not slow down traders moving this market higher today. Volume was mixed, but higher on the NASDAQ composite. Even with a less than ideal close the NASDAQ came away with a solid session. Crude oil pushed higher today...
Big Wave Trading Weekend Update
This uptrend appears all but dead to me on my end. However, the final nail in the coffin has not yet been finalized and it is possible this market can right this ship at some point. Unfortunately, I do not believe in blowing smoke up someone’s you-know-what and it...
Market finishes off the Lows; Volume mixed
This market continues its wicked ways as morning selling gave way to afternoon support. Volume was higher on the NASDAQ yet fell on the NYSE. Sellers appeared to run out of steam mid-way through the trading session and bulls were waiting to push stocks higher. The Dow...
Stocks Reverse Tuesday’s Gains
The NASDAQ was rejected at its 50 day moving average today as volume jumped from Tuesday’s level. However, it was small caps and the Dow leading the general market lower. Retail (XRT) was a big loser as retailing was down 1.9%, but it was Consumer Durables and Apparel...
Stocks begin Week with Mixed Results
A lackluster day of trading for the markets today. Volume was once again lower across the board. Typical for a Monday. Biotechs kept the NASDAQ in the green while the Dow struggled all day long. Crude fell on the session moving back down to a $43 handle. The financial...
Big Wave Trading Weekend Update And Top Current Holdings
Stocks staged a pretty impressive rally overall on Friday with all of the indexes putting in a nice reversal off the early morning lows combined with a strong close. Unfortunately for the bulls, volume was mixed and leadership was weak with the majority of the gains...
A Rapid Deterioration In The Overall Stock Market
My scans are looking bleaker and bleaker by the day. This is quite a rapid, but unsurprising, deterioration from the April highs. This is the third day in a row that my scans failed to produce anything that is remotely actionable. There are still stocks forming decent...
Pain Train continues for NASDAQ
One thing continues to remain clear and it is the lack of interest traders have in supporting the NASDAQ. The index closed below Friday's low and while volume for the composite index was lower price says it all. After Monday's rally stocks have stumbled lower heading...
Mid-Day Rally Fades into the Close
The market giveth and the market taketh. Today’s selling certainly puts the NASDAQ in danger of entering into a new downtrend. Volume on the NASDAQ rose on the day while the NYSE fell against Monday’s inflated volume figures. VIX rose, but could not reach a 16 handle....
NASDAQ ends Losing Streak; May begins on a Positive Note
May kicked off with stocks pushing off morning lows to close near session highs. According to IBD’s website NYSE volume was flat, but NASDAQ volume slipped on the session. For the most part the day lacked any volume push until the end of the session. Given the...
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