S&P 500 Sets Another All-Time High

It was a day of new highs as the S&P 500 and Dow Jones Industrial average hit new all-time highs.  The NASDAQ continues to hit multi-year highs.  Russell 2000 remains weak and is not near its all-time high.  Big Cap stocks have been leading … [Read more]

Stocks Retreat from Highs after FOMC Announcement

Just when you thought were off to the races sellers swooped in knocking prices lower by the close.  For much of the day stocks drifted toward the breakeven levels up until the FOMC announcement.  As expected the Federal Reserve Bank said it would … [Read more]

NASDAQ Suffers Another Distribution Day

There was certainly a divide in the market today as NASDAQ and Russell 2000 fell hard while the Dow closed in positive territory.  A big beat for the Empire Manufacturing number was a nice surprise, but it did very little to excite market … [Read more]

Big Wave Trading Portfolio Update And Top Current Holdings

The Big Wave Trading Portfolio is currently under a NEUTRAL condition across the board as most major market indexes continue to trade in a narrow overall price range the past few weeks. This is not surprising given that we have now been overbought … [Read more]

Russell 2000 Leads Stocks Higher

Another wild intraday session for stocks, but buyers were able to win out at the end of the session.  Volume on the exchanges was mixed, but the major indexes saw volume lower on the day.  Over the past two sessions the market has been able to work … [Read more]

AAPL Rebound Lifts NASDAQ

A quiet day for economic news for CNBC and Bloomberg as they continued their focus on the NFL’s handling of the Ray Rice situation.  AAPL was able to climb higher today after yesterday’s roller coaster ride.  The stock was able to push the … [Read more]

Distribution Day Hits Stocks; AAPL Releases New Products

Turnaround Tuesday went in the opposite direction today with stocks falling on higher turnover as small cap stocks once again lead to the downside.  Just after the announcement of the new product lineup out of AAPL it appeared as if this market … [Read more]

NASDAQ Ends the Day with Gains; S&P 500 Lower in Light Turnover

Today started relatively quiet as futures simply did not have any news to digest.  From the start it was the NASDAQ seeing the most attention as the index quickly recovered early morning losses.  Unfortunately, once mid-morning hit the market as … [Read more]

Big Wave Trading Portfolio Update

The Big Wave Trading Directional Models have undergone a couple of changes the past week. The first change was on Thursday when our models switched to NEUTRAL following the back-to-back gap reversals in overbought conditions. The second change came … [Read more]

A Wild Day on Wall Street As Stocks Reverse from Highs; Model Switches To NEUTRAL

A surprise move by the ECB by cutting rates helped push US stocks higher for the early part of the session.  The surprise move buried the EURO with EURUSD plunging to lows not seen since July of 2013.  By mid-morning the steam had run from the … [Read more]