On Your Mark
Trading volume last week was, not unexpectedly, very light. All three major U.S. equity market indices remained in-trend – closing out the holiday shortened week marginally higher. On Thursday, the […]
DOW
Hang on for the Home Stretch
A relatively benign economic calendar this week and a dwindling number of companies yet to report Q3 results will allow traders to focus on calendar-centric year-end trading, whatever is left […]
Sell Rosh Hashanah, Buy Yom Kippur?
Friday’s triple witching (option and futures contract expiration) provided an expected and significant expansion of volume for US equity markets. Volume on the New York Stock Exchange rose by 63.36%. […]
Great Expectations
Last Week’s Trade: The COVID-19 rally remains intact after a solid stock market performance last week. Though software names attracted modest sell interest on Friday, the fact of the matter […]
Mr. Robot
The primary theme in last week’s note was that the Nasdaq’s outperformance to the upside, relative to the Dow and S&P 500 since our March 23rd bottom, was likely to […]
US STOCKS-S&P 500 poised for best quarter since 1998
By Chuck Mikolajczak “There is a huge game of musical chairs going on here and that is really favoring the Nasdaq and it is really punishing the indices that have […]
Dow in the Dust
Despite a relentless drumbeat of dire economic data releases again last week (ADP, Employment Report et. al.), markets moved sharply higher. Given the economic backdrop we find ourselves mired in, […]
“The Bull Market is Alive and Well” – Marc Sutin
Honoring all who Served on Veterans Day. US equity markets rallied to record highs last week. This, fueled by optimism over US/China trade, better-than-expected Q3 earnings, and a lack of […]
A Washout Trade and Rising Risks
The breakdown in equity market pricing last week was more follow-through from the previous week’s performance than it was an event in and of itself. As discussed in last week’s note, […]
Sell in May and go away?
An old and frequently-used adage on Wall Street, “Sell in May and go away,” often gets a re-examination at this time of year – for obvious reasons. That cliché always […]