COMMENTARY
Another Lackluster Session; NFLX hits another new High
This market is a story of the have and have nots. Certainly today was a great day for NFLX as it broke out to a new all-time high. The other half is AAPL as it continues to struggle trading under its 200 day moving average. We continue to see this market struggle to...
August Kicks Off with Weakness
A barrage of economic data cross the wires this morning helping push futures higher at the open. Seasonality continues to prop up economic data, but the market simply has either moved past or continues to ignore lackluster data. Today’s market saw its ups and downs....
Big Wave Trading Weekend Update And Top Current Holdings
It was a mixed End-Of-The-Month session for the major averages as the Russell 2000 led the way higher while the NYSE and Nasdaq went nowhere and the DJIA, DJT, and SP500 threw up technical distribution days. While the major averages ended mixed, all of the indexes...
NASDAQ Advances as Dow Continues to Lag; GDP Misses Target
While GDP in the second quarter was positive it missed estimates. Sellers took to the market in the first half hour of trading, but it would quickly be overrun by buyers. Led by the NASDAQ 100 stocks pushed to their highs by the close. Volume on the NASDAQ exchange...
Fed Holds Rates Steady; Stocks Move Higher
All eyes were on the Federal Reserve today as market’s awaited the central bank’s decision on interest rates. Stocks traded higher for much of the session and pushed higher just after the release of the fed decision. Volume was slightly disappointing as it finished...
Stocks Rally ahead of Federal Reserve Statement
A weak consumer sentiment did not sway buyers as the market saw beaten up transportation and energy stocks led the session. This market was due for a rally as we have been quite oversold and with stocks down 5 days in a row today’s session is not a surprise. Coupled...
Selling Continues as Distribution Hits the S&P 500
More selling hit Wall Street as sellers continue to dominate the tape. Industrials, materials, and transportation stocks continue to remain weak as these sectors continue to signal weakness in the tangible economy. The NASDAQ led the major market indexes lower with...
Big Wave Trading Weekend Update And Top Current Holdings
Friday was not good. It has surprisingly only taken about 1 1/2 weeks but following Friday’s session it is clear the tone of this market has changed, is changing, and/or will be changing even further. Stocks sold off on Friday on above average and heavier volume...
AMZN Rockets Higher After-hours; Jobless Claims hit Multi-year Lows
Despite positive economic data stocks closed the session near lows, but it was after-hours movement that stole the show. AMZN rocketed higher after reporting better than expected results. V did as well and both were higher after-hours. Despite the after-hours session...
Stocks and Commodities Fall
AAPL and MSFT weighed heavily on the market today as both fell after posting earnings Tuesday evening. Commodities fell as crude oil closed below $50 for the first time since early April. Gold too closed lower as the precious metal fell below $1100 an ounce. There is...
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