Commentary and Performance Even though there was not much data to sway the markets, price action among the various asset classes was most noteworthy. For example, the long bond finally grabbed the 3-handle to send treasury rates back above 3%. Another oddity was the performance of the VIX, which easily outperformed equities despite their positive […]
Commentary and Performance Today’s trading was most definitely data dependent and this one was solely dependent upon the Federal Reserve’s latest announcement to leave interest rates unchanged. The SP-500 made a new 1-month high and closed @ 2090.35 (+24.46 / +1.18%). The Nasdaq-100 also hit a new 1-month high and finished @ 4678.58 (+39.35 / +0.85%). Stealing the […]
Commentary and Performance Stocks are hitting some air pockets of resistance. All three major indexes were down: SP-500 @ 2018.84 (-11.83 / -0.58%); Nasdaq-100 @ 4413.52 (-24.66 / -0.56%); and Russell-2000 @ 1144.95 (-18.32 / -157%). The VIX has bottomed for now and put in a bullish reversal by surpassing yesterday’s high to finish @ 16.70 […]
Commentary and Performance The major stock indexes clearly show a bias towards large caps as small-caps continue to lag the market in performance. The Russell-2000 closed @ 1162.31 (-0.46 / -0.04%) while the SP-500 finished the day @ 2033.11 (+9.25 / +0.46%) and the Nasdaq-100 @ 4438.62 (+20.40 / +0.46%).
Commentary This week’s economic data revealed that Europe’s major economies are actually beginning to show some signs of life. Counter-balancing this is the USA which is experiencing a few hiccups in its own economic expansion. The data dependent Fed has some justification for deferring rate hikes and it certainly looks like the Bond market is […]
Commentary Thursday’s opening did not exactly welcome stock market investors with loving arms. The first half of the day saw stocks trading in negative territory and at the lower end of their range, but they managed
Commentary Today’s market was a narrative of risk and flight to safety. The market is finally coming to terms with the realization that
Commentary Equities: The major stock indexes maintained their uptrends and spent most of the week consolidating their gains and establishing support. For the week, they were up as follows: SP-500 (SPY) +0.26%; Nasdaq-100 (QQQ) +0.81%, and Russell-2k (IWM) +0.63%.
Commentary Equities: The SP-500 (2,130.82 /+4.97 /+0.23%), DJ-30 Industrials (18,285.74 / +0.34 / +0.00%) and Russell-2000 (1256.74 / +1.08 / +0.09%) are beginning to consolidate recent gains. The Nasdaq-100 (4529.47 / +24.17 / +0.54%) hit a new 18-day high and is at least another 20 points away from
Commentary Equities: Stocks continue to maintain their bullish uptrends. The SP-500 (@ 2125.85 / -1.98 / -0.09%) made its third consecutive all-time high, but closed lower than yesterday. The DJ-30 Industrials (@18,285.40 / -26.99 / -0.15%) were off slightly, while the
Below is our weekly technical analysis chart for volatility as represented by the VIX index.
Commentary Equities: Although performance was not robust, stocks bounced off their lows and finished at the upper end of their weekly trading range. Weekly percent changes: SP-500 (SPY) +0.39%;
Commentary Today’s comments will be very brief… Equities (SPY, QQQ, IWM) were relatively flat, either declining no more than 50 bps or increasing no more than 6 bps. Volatiltiy (VIX) was today’s winner for positive price performanc. Bonds distinguished themselves from all other asset classes as