Selling Continues as Distribution Hits the S&P 500

More selling hit Wall Street as sellers continue to dominate the tape. Industrials, materials, and transportation stocks continue to remain weak as these sectors continue to signal weakness in the tangible economy. The NASDAQ led the major market … [Read more]

Big Wave Trading Weekend Update And Top Current Holdings

Friday was not good. It has surprisingly only taken about 1 1/2 weeks but following Friday’s session it is clear the tone of this market has changed, is changing, and/or will be changing even further. Stocks sold off on Friday on above average and … [Read more]

AMZN Rockets Higher After-hours; Jobless Claims hit Multi-year Lows

Despite positive economic data stocks closed the session near lows, but it was after-hours movement that stole the show. AMZN rocketed higher after reporting better than expected results. V did as well and both were higher after-hours. Despite the … [Read more]

Stocks and Commodities Fall

AAPL and MSFT weighed heavily on the market today as both fell after posting earnings Tuesday evening. Commodities fell as crude oil closed below $50 for the first time since early April. Gold too closed lower as the precious metal fell below $1100 … [Read more]

AAPL and MSFT Disappoint; Stocks Lower

The Dow Jones led the market lower as earnings continue to be in focus. IBM was a big drag on the Dow along with the VZ. Volume was mixed as NYSE volume was higher due to earnings. Perhaps a little damning is how small cap stocks have been lagging … [Read more]

Trend Followers have a tough June

It was not a good month for trend follower during the month of June. While traditional Trend Followers will make money over long periods of time they are simply having a tough year at the moment. Yes, we are trend followers. However, our methodology … [Read more]

New Highs for the NASDAQ as Volume Slides On the NYSE

Earnings continue to be a focus for many as gains continue to pile on for the market. End of the day selling did sour gains a bit, but we were still able to close positive. Volume was lower on the session as summer trading continues. Leading stocks … [Read more]

Big Wave Trading Weekend Update And Top Current Holdings

The Big Wave Trading portfolios are still operating under different directional models with the SPX, DJIA, RUT, and NYA under NEUTRAL conditions, the DJT under a SELL condition, and the COMPQ and NDX under operational BUY conditions. Despite the … [Read more]

Trend Continues as the Market Adds to Gains

No Commentary due to travel … [Read more]

Stocks Halt Win Streak

The market could not hit its first 5 day rally of the year as sellers took to the market by the end of the session. Volume was mixed on the session as BAC helped boost turnover on the NYSE. Biotech remained on a tear as IBB hit another all-time high. … [Read more]