S&P 500 Stalls as Biotech Stocks get hit

A slew of earnings hit the market and while earnings for many Biotech stocks were positive the market did not receive them well.  Biotech was hit hard led by ALXN and ILMN to name a few.  The S&P 500 hit a new all-time high, but finished near … [Read more]

S&P 500 Sets Record Highs; NASDAQ Closes in on Highs

Slow and steady is this market’s mantra as the S&P 500 hits a new all-time record high in light turnover.  Volume still does not matter and we have seen this market make new highs without much volume.  Volume on the NASDAQ was higher thanks … [Read more]

Terrific Tuesday is back as Stocks close higher; Volume Jumps

Following Europe’s lead US stock futures were pointed higher during pre-market trading.  Inflation data did not budge futures one way or another as the headline figure was just above the Federal Reserve Bank’s target.  A few hiccups in the … [Read more]

Stocks Finish off their Lows of the Session; Europe still Struggling

Europe continues to move lower as tensions in Ukraine weigh on European indexes.  US stock futures were lower this morning, but weren’t matching the level of decline as seen in Europe.  Sellers picked up momentum as the morning wore on up until … [Read more]

Big Wave Trading Portfolio Update And Top Current Holdings

The Big Wave Trading Portfolio is currently under a NEUTRAL conditions in all of the major stock market averages. The Nasdaq 100 has returned to a BUY condition following its switch to a NEUTRAL condition on Thursday. The Russell 2000 is returning to … [Read more]

Stocks Fall Hard as Overseas Tensions Grow

In the overnight session European stocks were on the downside putting pressure on US stock futures.  At the open buyers came in early and fast helping the market back up to breakeven before they would be quickly turned away by overseas tensions.  … [Read more]

Small Caps Lag as the Dow hits another record High

Today the Dow Jones Industrial Average hit another record high as earnings continue to roll in.  Volume ended the day mixed with INTC helping out the NASDAQ and NYSE turnover slowed.  The S&P 500 is knocking on its all-time high too.  … [Read more]

Yellen Testimony Spooks Stocks; NASDAQ Marked With a Day of Distribution

Today’s wild ride will be blamed on Yellen’s testimony today as her words spooked some investors.  Small cap stocks were hit the hardest followed by the NASDAQ, as volume swelled across the board.  The increase volume coupled with the losses on … [Read more]

Monday’s Session sees Stocks advance as Gold Tumbles

Following an upbeat European open, US stock futures pointed towards a higher open.  Buyers began to step in from the start scooping up shares of stock after last week’s “risk-off” trade subsided.  Many of our stock market leaders we have … [Read more]

Big Wave Trading Portfolio Update And Top Current Holdings

The Big Wave Trading Portfolio remains under a BUY signal across the board. The BUY signal remains despite the short-term weakness in the overall market. For now, all major market averages are trending above their respective 50 day moving averages. … [Read more]