COMMENTARY
Small Caps lead tepid Rebound; Volume Slides
The good news was we did not see a continuation of selling we saw at Monday prior to a late day rally. However, the bounce was quite weak with volume collapsing more than 20% across the board and with small gains. At least the Russell 2000 was able to grab the lead....
Late Day Rally lifts Stocks off Lows; Worse Start in nearly 84 Years
Overnight Chinese markets were halted as selling flooded their markets causing circuit breakers to halt trading for the day. Markets around the world reacted negatively and continued through the European market close. Volume ended higher across the board as...
Markets Wish Traders A Happy Early New Years With Some Fireworks
Did you enjoy your mini-flash crash at the end of the day today? Stocks pulled off a mini-flash crash at the midpoint of the final hour today as stocks sold off across the board with the–you guessed it–Russell 2000 leading the way lower. The minor good news for the...
Holiday Hangover as Stocks end lower
After having Friday off traders took to the market pushing the market lower. Of course our FANG stocks continue to act well, but the remainder of the market remains anemic. Given we have another shortened holiday week there should be little expectation we will have...
Big Wave Trading Weekend Update And Top Current Holdings
Merry Christmas and Happy Holidays everyone. There will not be an expanded weekend update this weekend, due to the Christmas holiday. All of our market models are on operational SELL signals across the board. Our current asset allocation is 60% cash, 39% long, and 1%...
Santa Rally continues as Stocks close higher
Another day and another positive day for stocks as the market is right back where it started when the Fed raised rates. Volume remains below average, but price certainly has improved after last Thursday’s and Friday’s action. All day long any dip was met with buyers,...
Stocks Make it Two in a Row
For the second straight day the market closed with gains. As stocks moved higher volume moved lower as traders and institutions are simply not interested in accumulating shares ahead of the Christmas holiday. Economic data was mixed with GDP coming in better than...
Hopes of a Santa Claus Rally Rise with Today’s Gains
After last Thursday and Friday’s action there was a hope the market would rebound and rally into the end of the week. Volume was not too impressive, but coming off of Friday’s elevated levels due to quadruple witching. What really made today’s rally was the last 30...
Big Wave Trading Weekend Update And Top Current Holdings
Well that sure was fun wasn't it? This past week was quite an adventure for the overall stock market and trader's emotions as stocks broke above key moving average lines on Wednesday's following the Fed's rate hike in another ill-suited V-shaped pattern. Then, to no...
Stocks Stumble Day after Fed Meeting
The post Federal Reserve hangover was stronger than many expected as sellers were able to push stocks lower. Volume was lower on the session avoiding an all but deadly distribution day. We will need to see the market avoid a distribution day tomorrow as it would...
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