Weekend Update: Price Trumps Emotions

This market rally just gets more and more impressive by the day and week. Stocks rallied again on Friday with the market racing higher in the final hour to close at the HOD. Volume might have been lower on Friday but the final hour moonshot in the … [Read more]

Trump Bump Gains Continue; More All-Time Highs

The S&P 500 closed higher for the 7th straight time as volume expanded over Tuesday’s level. Trump once again hinted at a massive tax cut plan and traders cheered the development. In addition, Yellen’s comments regarding rate hikes helped push … [Read more]

Reviewing Some Top Current Holdings

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Big Wave Trading Weekend Update: Price Is All That Matters

The past six weeks has been a perfect example of why you should always obey your signals and never obey your feelings or emotions when it comes to trading the stock market for a living. For the past six weeks, I have been nervous about the overall … [Read more]

Low Volatility Remains; NASDAQ Inches Higher

The story of this market continues to be the lack of volatility despite the Trump bump. It has been 37 days since the S&P 500 has seen a 1% move. While the put/call ratio has been above 1.0 we continue to see the VIX remain near multi-month lows. … [Read more]

Traders Suffer from Super Bowl Hangover; Stocks Slide in Light Trade

We are going to keep free market commentary light tonight, but we did have a decent day of rest for the market. Lower volume pullbacks are what the doctor ordered for this uptrend. We are now in the pattern of the market opening lower to begin the … [Read more]

Big Wave Trading Weekend Update

Price action. Price action. Price action. This is what it is all about. When you consider all the noise the past two weeks, there still has been one consistent piece of data the entire time. If you take a look at a daily chart of the SP-500 or the … [Read more]

Fed Holds Rates Steady; AAPL Buoys NASDAQ

Once again stocks find some support at the day’s lows only to rally higher. AAPL’s jump helped out the NASDAQ and NASDAQ 100 tremendously as the stock jumped after reporting earnings. The Fed released a statement after its most recent meeting holding … [Read more]

Small Cap Stocks Lead Rebound

Small cap stocks roared to life as biotechnology stocks rebound after Trump’s meeting with industry leaders. Volume jumped as end of the month rebalancing volume poured end as managers were try to rebalance their portfolios. Things did not look … [Read more]

Stocks Post Worst Performance since Election

Volume jumped across the board giving a day of distribution to all indexes as we just witnessed the worst performance the stock market has had since Trump’s election. A bright spot was certainly the major indexes holding onto key moving averages and … [Read more]