Online Stock Trading

NASDAQ leads as volume surges

***more to be written Friday morning***
 
NASDAQ cleared April 19th’s intraday highs. 

FOMC leaves rates alone as Markets rise on higher volume

FOMC decided to leave rates unchanged at 5 1/4 as citing underlying strength and a moderate risk of inflation. Traders pushed small-caps higher to lead the market. A bit of concern is that the IBD New America and IBD 85-85 index did not participate in today’s action. We […]

NASDAQ logs 3rd distribution day as Dow hits another all time high

The divergence continues, the Dow hits all time highs the NASDAQ lags.  Volume rose across the board, the NASDAQ logged its 3rd day of distribution in 4 weeks.  Traders are still concerned with the FOMC meeting tomorrow, most fear inflationary pressures continuing.  As CNBC talking heads continue to churn on these, […]

Dow reaches all time high again, market trades higher on light volume.

Traders pushed stock higher ahead of the FOMC meeting Wednesday. The Dow closed at another all time high of 12,116.91 on light volume. Every other major index lagged behind the Dow on lighter trade. At the very least we’d like to see heavier trade when an index makes an all time high. On a brighter […]

This week…

Beware of retail investors. I am thinking we’ll be getting minor consolidation this week. If you have holdings that follow the trend on distribution look to sell.

I’ll be at Investors Paradise, I am looking to cook something up for this week on the blog.

Remember, keep a tight cut […]

Big caps lead the way as the Nasdaq slides on lighter trade

Mixed day, big caps charging ahead.

Nothing has changed since Monday. We have 2 distribution days in the S&P500 and NASDAQ in 4 weeks. I believe we have seen the last of heavy selling. Further retracement is likely and welcomed.

For more come and check out […]

Bears gain upper hand, Nasdaq and S&P log distribution day

Path of least resistance remains up, uptrend stays intact.
Second bout of distribution for the NASDAQ. I thought we’d get some institutional selling. Markets rallied off their lows to end the session. It is definitely ok to have these types of days. If we start getting into the 3rd and […]

Price and volume divergence continues

Different day, same story as stocks continue to push higher without volume. Stocks stumbled out of the gate to only bounce around in positive territory. The market action is signaling to me that the weak bears still have not bought into this rally. Speaking with some traders most […]

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