Wednesday Morning Coffee: Low VIX and the Fed

Yesterday’s trading session witness to a new low for the VIX of 9.0 as Small Caps led with solid gains. Volume jumped across the board, but our close was not all that impressive. Earnings continue to pour in and for the most part the results are better than expected....
Carnage at the Close; Stocks Fall Again

Carnage at the Close; Stocks Fall Again

After an impressive open the final hour of trading saw the NASDAQ lose more than 100 points and the Dow lose more than 500 points. The selling was relentless at the close and completely shut down the morning rally after the Chinese cut lending rates. We continue to...

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...

Greece is fleeced; Stocks Higher

A solid session to begin the week as Greece gets a deal and the market has three new horsemen. Over the weekend Greece was taken to the woodshed approving a deal the Greek people voted down just a week ago. The market did no care whether or not it was a good deal or a...