COMMENTARY
A Hawkish Fed holds Rates Steady; Stocks Soar
Led by nearly a 3% gain the Russell 2000 led all major market averages. Volume poured into this market after the Federal Reserve once again delayed hiking interest rates. AAPL finally started moving after the Fed announcement after reacting quietly to earnings. A big...
Small Caps Hit Hard; AAPL Sputters despite Earnings Beat
Once again small cap stocks had a tough day as the Russell 2000 was down more than 1.2% on the session. The big cap indexes saw small losses in heavier turnover. Over the past few sessions after the earnings from GOOGL, AMZN, and MSFT small cap stocks have lagged well...
Market Awaits Federal Reserve; AAPL Falls
The last week of trading for the month of October and the stock market ends lower. Despite the drop in AAPL the NASDAQ was able to sneak out gains thanks to gains from PCLN, GOOGL, AMZN, and FB. Natural gas fell nearly 10% on the day as commodities in general fell...
ECB Provides the Juice as Stocks Push Higher
What a difference one day makes. Yesterday’s action was definitely something to be concerned with, but after today’s massive move on big volume is quite telling. Bonds did not play along as yields remained steady. The excitement was certainly with stocks and we are...
Energy Leads S&P 500 Lower; Volume Jumps
An ugly day for small cap stocks as energy was down once again weighing on the S&P 500. Volume was higher on the session. The biggest story of the day was certainly the drama going on with VRX. Our focus continues to be on the lack of leadership and now is even...
NASDAQ Slumps; S&P 500 Ends Lower
Positive news from the housing market hit the wires premarket, but would not help keep the major market indexes in positive territory. While the gains in housing starts were nice the market simply did not move higher on the news. Bond yields crept higher as TLT...
Volume Drops as NASDAQ Leads Market higher
Perhaps the title should have been “markets higher, but where are our charts?” The lack of leadership continues as we search for viable patterns. A bit of good news was the NAHB housing index or homebuilder confidence index was much better than expectations. The worse...
Big Wave Trading Weekend Update And Top Current Holdings
The BWT models are under an across the board NEUTRAL condition. This is a cosmetic signal as we remain very fluid currently. This means that our models are prone to switching to a SELL signal at the first sign of serious distribution at resistance. As it is, all of...
Stocks Advance in Impressive Fashion
Just when this market looks week it reversed today on strong volume. Economic data was again less than desirable with the exception of jobless claims. Inflation is non-existent and Empire Manufacturing was once again weak and weaker than expected. Bank earnings were...
Stocks Fall Again; Volume Jumps
Economic data continues to disappoint as retail sales slumped. The slump could solely be blamed on falling gasoline prices. Bank earnings were mixed with BAC beating expectations while JPM missed. Volume jumped on both exchanges as JPM and WMT provided a lot of...
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