COMMENTARY
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...
Fed Hikes Fed Funds Rate and Stocks Jump
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...
Stocks up Bonds Down as Traders await the Fed
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...
Stocks rebound after Crude reverses losses
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...
Big Wave Trading Weekend Update And Top Current Holdings
One of the worst possible setups for the general market is when a market rallies back to its old highs, sets up for a breakout, and then fails. That pattern officially played itself out over the last two weeks, following Friday's breakdown on above average volume. Due...
Late Selling caps off Lackluster Session
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...
Stocks extend Losing Streak
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...
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