COMMENTARY
Be Careful What You Wish For
Monday's rally was fueled by speculation the Chinese government was ready and willing to do another round of stimulus to boost its economy. What we got was the Chinese government was another county entering the current currency wars. Devaluing the Yuan was a surprise...
Chinese Stimulus Credited for Stock Market Rally
Overnight there were dismal economic data out of China, but like magic hopes of stimulus from the most populated country helped send its markets higher. Like a trickle-down effect world markets followed suit. US futures were certainly higher reacting to world markets....
Big Wave Trading Weekend Update And Top Current Holdings
Major market averages sold off on Friday on lower volume across the board. Along with the lower volume, major market averages staged a decent rally off the intraday lows, mitigating the damages from the intraday session. However, for those that want to see the market...
Selling Continues as NASDAQ dives below its 50 Day
A late afternoon rally lifted stocks into the close, but the selling throughout the day took a toll on the market ahead of Friday’s job report. The NASDAQ lead all major market averages lower as volume rose on the session. Another negative sign was the index moving...
Afternoon Selling Knocks Stocks off their Highs
A weakier than expected ADP report pushed futures higher prior to the open. Weak data is perceived as a positive as the Federal Reserve is data dependent. Any possibility the Fed pushes out hiking rates will be seen as a positive. DIS shares were lower as the company...
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...
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