COMMENTARY
Stocks Inch out Gains
Closing just over the positive side stocks continued their march higher. Volume was up across the exchanges. Gold miners were big winners on the day. GDX and GDXJ had big gains on the day. On the downside we saw Energy related ETFs struggle. Not a bad day for the...
Futures Indicate a Lower Open to Begin Week
A new week and a new opportunity to improve our performance. Futures are indicating a lower open to begin the week and after this most recent push higher this comes as no surprise. We saw last week the bulls take over and active money managers exposure nearing extreme...
IWM Loses Steam as Crowd Turns Bullish
Leading the session higher was the Dow Jones Industrial Average with a gain of 182 points. NASDAQ and S&P 500 ended with gains. XLU was a big loser on the day as sellers pushed the group lower. Higher bond yields are not helping either. XLRE too ended lower by more...
Lackluster Session as Stocks Close Well Off the High of the Day
Tuesday’s session kicked off with gains, but sellers had other ideas. The S&P 500 closed on the session while the Dow and NASDAQ closed with slight gains. Volume was up on the session at each exchange. It would have been nice to see the broader market close at the...
Stocks Jump Higher; Volume Sinks across both Exchanges
The first full week of November kicks off this week after a solid day of gains on Friday. Futures are indicating a modest open to begin the week. Friday’s volume was a bit of a disappointment given the solid gains across the board. Once again, this market will simply...
Stocks Close Lower; Volume Higher
The Dow and S&P 500 notch a day of distribution on Thursday as volume swelled across the board. Small Cap stocks led the market lower while the NASDAQ was able to escape distribution. This market is knocking at all-time highs a day of distribution should not be a...
Small Caps Push Higher; GOOGL Weighs on NASDAQ
A solid day of gains for small cap stocks as measured by IWM, but QQQ stumbles after GOOGL falls post earnings. Volume was mixed on the session with NASDAQ volume ending lower while NYSE inched higher. The NASDAQ escaped a day of distribution. DIA closed flat with a...
A look ahead: Fed Meeting, GOOGL and AAPL Earnings
The last few days of trading in October will be fun. On Wednesday, we will hear from the FOMC regarding interest rates as well as AAPL Earnings. Odds favor another rate cut from the central bank and AAPL is expected to earn $2.84 a share according to Zach’s Investment...
NASDAQ Gains while Dow and Russell 2000 End Lower
While tech stocks enjoyed a good day on Thursday AMZN’s earnings disappointed after the close weighing heavily on early morning futures. Volume was higher during Thursday’s session. A good sign for Thursday’s session. We will need to see the overall market overcome...
FB Weighs on NASDAQ 100; Stocks Lower
A tough day for the NASDAQ 100 as FB falls in heavy trade. Combined with the price decline and uptick in volume the NASDAQ notched a day of distribution. Volume on the NYSE was lower for Tuesday’s trading session. FB declined nearly 4% after news regarding states...
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