COMMENTARY
Market retreats from Morning Highs ends Lower
A solid start for today’s session dwindled into losses as buyers could not hold up the market into the close. Earnings season is upon us and expectations are very low for the first quarter. NYSE volume was higher on the session as NASDAQ volume from preliminary views...
Big Wave Trading Weekend Update And Top Current Holdings
Despite the intraday reversal off the highs on Friday, it was an overall good session as stocks still managed to finish higher across the board with the Russell 2000 leading the way. Volume was lower than the session before which helps dampen the disappointment of...
Day Trading Watch List April 8th, 2016
Potential Longs WKHS CBDS EYEG Potential Shorts LEI DRWI SKYS GNCA RJETQ TRXC
NASDAQ suffers Distribution; Rally is under Pressure
Today’s market suffered quite a bit of selling and with volume coming in higher on the NASDAQ. The progress made yesterday was completely erased and now puts this market under heavy pressure. NYSE volume was lower, but the S&P 500 lost an important pivot at 2043....
Fed Minutes boost Stocks
Once again this market set out to disprove market bears as buyers ruled the day. Steady buying throughout the day continued after the FOMC meeting minutes. Erasing losses from the first two days of the week it appears this market wants to continue to push higher....
Utilities and Banks lead Market Lower as Volume expands
Overseas markets were lower as European banks continued their slide and the weakness carried over to the US. Selling was not overwhelming as volume remained below average. Utilities were the weakest sector in the S&P 500 followed by financials. The 10 year ended...
Settling Lower Stocks take a Rest
Friday’s session was a super bullish session, but this market needed a rest. Volume was lower on the day as many traders were taking a break. It almost as if the market was still hungover after Friday’s party. Crude oil fell to a 35 handle as we approach the most...
Big Wave Trading Weekend Update And Top Current Holdings
Aloha from the beautiful island of Maui everyone. Another weekend has come and gone and it is back to the trading stations on Monday. The good news for those invested in stocks is that despite the insane v-shaped move off the lows many leading stocks in a wide variety...
More New Longs as Market ends Mixed
A relatively quite day on the street today with Small Cap stocks leading the way with gains as the Dow and S&P take a breather. Crude oil continues to struggle regaining its $40 handle despite the dollar struggling especially against the Euro. Volume ended mixed...
Market Extends gains, but end well off Session Highs
The day after Yellen’s speech and a great day for stocks we saw some follow-through on the upside. Volume was certainly lighter, but given yesterday’s move it comes as no surprise. ADP employment change was slightly better than expected. We continue to see gains from...
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