COMMENTARY

For the first time since the financial crisis the fed funds rate is not at zero. Zero interest rate policy (ZIRP) is now over and we are crawling back into a more normalized world. The day did not look all that great heading into the fed announcement. While we did gap...

The build up to the first potential rate hike since the financial crisis in 2008 has almost reach its climax. Tomorrow we will get the answer to many traders’ question: will the Fed raise the discount rate? Today’s action started off with a very bullish tint, but...

Fed week kicked off with a positive day for stocks. Although it did not start out well as crude oil continued to sink bring stocks down with it. Buyers began to pile into crude oil sending the commodity from heavy losses to a 2% gain. Energy names led the reversal and...

Today’s market action failed to inspire any confidence in the overall market heading into Friday’s session. Volume fell across the board as many traders and institutions were simply not interested in plowing into stocks. Given the lack of support we are urging new...

Sellers returned to the market once again and this time NYSE volume notched a distribution day. The good news was the markets were able to lift off their lows. Crude traded below $37 a barrel before rebounding. A positive on the session was small caps finally were...

After Friday’s stellar gains after the November jobs report was released it appeared the market was ready to rocket higher. Last Wednesday and Thursday’s action was not ideal looking very suspect. We certainly preached some caution, but did not bail like many we saw...

The ECB and Janet Yellen could not sway buyers into the market as another distribution day hits the market ahead of the November jobs report. Selling did not intensify until the afternoon as volume jumped on the NYSE. The NASDAQ volume did not eclipse yesterday’s...

Janet Yellen’s rhetoric all but points to a rate hike in two weeks at the next Federal Reserve meeting. Today’s Beige Book revealed moderate growth in the economy and the Federal Reserve believes it has hit its employment mandate. Sellers took to the market once...