Stock Market Early Morning Insights – September 14, 2016

Stock Market Early Morning Insights – September 14, 2016

Here are my trading results since June 12 to September 7, 2016 using at $25,000 account.  You don’t need a large account to make money:!AshhTFqIPakDgsI3tm_MfUR9YiGF9A

For those who attended my last webinar series and those who are interested in attending I will hold another series of webinars that teach the techniques that I use beginning in late October.  If you are interested contact me at

Tuesday was yet another reversal day for the major market indexes, the NASDAQ gave up much of what it gained on Monday, and it would’ve been worse had Apple not rallied on news of us strong preorders for its new smart phones.

Volume was lighter than on the previous two sessions, but was still above average. There is some hope that the NASDAQ is going to stabilize, and maybe even go up because an Inside Day candle formed, and there was some buying towards the end of the day.

Oil and energy stocks were the primary culprits for the weakness, but groups and sectors across the board were down once again. There was some strength in Biotech and Specialty Pharma stocks as seen in the top 50 GIR and the pie charts. Some other groups had winners such as Communications Equipment, Semiconductor Devices, and Application Software, but the internals were once again ugly.

The industry groups were ugly as shown in the pie charts at the bottom of the report. 14 groups were down more than 3%, and only three groups had more advancers than decliners.

Both the S&P 400 mid-cap index and the S&P 600 small-cap index were weaker than the NASDAQ. There was some buying in the mid and small caps towards the end of the session, but for the most part, these indexes were very weak. They had been the strength of the market, but that is no longer the case.

Option traders who sell premium have to be loving this market because the VIX is up 48.5% over the last five days. It closed at 17.7%.

Have a good day, and I would not be surprised if the indexes rally on Wednesday. A rally may only be temporary if the bears use the to unload any long positions, and then get short. This tough market to call, so capital preservation is imperative..


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