Distribution Day Hits Stocks; AAPL Releases New Products

Distribution Day Hits Stocks; AAPL Releases New Products

Turnaround Tuesday went in the opposite direction today with stocks falling on higher turnover as small cap stocks once again lead to the downside.  Just after the announcement of the new product lineup out of AAPL it appeared as if this market would rally.  However,...
AAPL Exposed to Selling; Beige Book Fails to Inspire

AAPL Exposed to Selling; Beige Book Fails to Inspire

Small Caps and the NASDAQ 100 led the market lower today after solid gains yesterday.  The news regarding the Celebrity Nude scandal finally go to AAPL as traders were using the excuse as the stock sold off in heavy volume.  Volume on the NYSE ran lower on the...

S&P 500 Stalls as Biotech Stocks get hit

A slew of earnings hit the market and while earnings for many Biotech stocks were positive the market did not receive them well.  Biotech was hit hard led by ALXN and ILMN to name a few.  The S&P 500 hit a new all-time high, but finished near session lows as the...

Stocks Extend Losses in Heavy Turnover

Losses were carried over from yesterday’s session as volume jumped today.  We have seen the first real distribution in quite some time as volume soared above Monday’s level.  The lone sector in the S&P 500 in the green was the Utility sector.  Selling was...