NASDAQ Suffers Another Distribution Day

NASDAQ Suffers Another Distribution Day

There was certainly a divide in the market today as NASDAQ and Russell 2000 fell hard while the Dow closed in positive territory.  A big beat for the Empire Manufacturing number was a nice surprise, but it did very little to excite market participants coming off the...
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...

Small Caps Rally; NASDAQ Volume Explodes

The stock market welcomed back traders with a dull day, but big time volume.  On the bright side we did have the NASDAQ and Russell 2000 pushed higher.  Institutions were back from summer vacation in a big way as volume jumped well over Friday’s level.  Aside from the...
Russell 2000 Continues to Lag the Major Averages

Russell 2000 Continues to Lag the Major Averages

The story of the session was the volatility following the release of the FOMC meeting minutes.  For much of the session leading up to the release the market was relatively quiet.  Immediately following the release the market initially moved lower only to find buyers...

Global Rally in Stocks Continues

Despite volume coming in lower than the 50 day average, stocks advanced.  We continue to see a plethora of stocks setup, breakout, and add to gains.  It is very important we continue to see this type of action from the stocks we are following.  Crude oil slumped once...