COMMENTARY
Distribution Strikes the Market as NASDAQ tests recent Breakout
Heavy volume hits the market hard with small caps taking the brunt of the selling. Energy and Materials led the S&P 500 lower as commodity prices continue to slide. Lends to the question if the economy were strong wouldn’t commodity prices be at least stable?...
Volume Slows as Stocks Slide
For the most part today was a pretty decent day of consolidation for the overall market. Early morning gains were quickly erased before the market could really get its feet underneath itself. Selling was not unrelenting as volume was well under Tuesday’s level. Small...
NASDAQ Lags the Broader Market Trend Remains in Place
AAPL weighs down the NASDAQ as the broader market is led by the Russell 2000. It was nice to see small caps have a nice session, but the Russell 2000 remains well behind the NASDAQ 100 and S&P 500. Suppliers for AAPL did not have a good session, but aside from a...
Late Day Rally Lifts Stocks off their Lows
Light volume selling was the story for much of the trading session until the final hour as buyers flood the market lifting the market off its lows. Monday’s continue to be light volume trading affairs. Tomorrow we will see volume return and it will be interesting to...
Big Wave Trading Weekend Update And Top Current Holdings
Stock market indexes closed out the week with another solid intraday session, rallying well off the lows closing near their intraday highs. The Nasdaq managed to close at its HOD adding further confirmation that the current uptrend is on solid footing. This is why our...
AMZN Continues Run as Stocks Close Lower ahead of Jobs
AMZN continued its push into all-time highs as the broader market pulls in prior to Friday’s job report. On the bright side small caps stocks were able to inch out gains. Utilities were hit hard as many believe the Federal Reserve is going to raise rates in December....
Market Stalls; Volume Increases on the Nasdaq
Stocks avoided a distribution day across the board but volume did come in higher on the Nasdaq. Still the small losses prevented that index from registering a distribution day. The overall market was more than overdue for a pullback. Volume likely increased on the...
Gains Continue as Volume Swells
Just another day of gains for this stock market. Volume was higher today as institutions were a bit more active than on Monday. So much for this market taking a breather. This non-stop action while nice as we are riding this wave higher, but it will cause some...
Big Day for Small Cap Stocks; November Begins on a Positive Note
The second month of the fourth quarter kicked off with a bang as the Russell 2000 gained more than 2% on the session. Volume was lighter than Friday’s end of the month volume, but gains were solid. Lagging behind was the Dow Jones Industrial Average, but it was able...
Stocks Settle after Yesterday’s Gains
A slight miss from GDP prior to the market open kicked the trading day off. Small cap stocks remain volatile with the Russell 2000 down more than 1% on the session. The S&P 500 on the other hand was able to close down just 4 basis points. Health care and Energy...
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