COMMENTARY
High Beta Stocks Get Pummeled
Early morning selling was the story of the session after last week’s holiday shortened week. AAPL even appeared to flash crash during the first 30 minutes of the session. It was clear from the start high beta stocks were targets of sellers and they were not going to...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio is under an across-the-board operational BUY mode. Despite the short-term overbought conditions on the three momentum oscillators I track, there is no real pressure on the overall current uptrend. All systems are normal. We will continue...
Markets Stall as Volume Jumps; Third Quarter GDP Revised Higher
Despite a positive revision for third quarter Gross Domestic Product the market was unable to hold its highs of the day set during the first 30 minutes of trading. Lower gas prices did not help consumer confidence as the index slipped from last month’s reading. The...
Russell 2000 Rips Higher; NASDAQ Not Far Behind
Futures began the week higher leading into a holiday shortened week here in the United States. Volume was predictably weak after Friday’s option expiry elevated levels would have been extremely difficult to beat. A positive sign on the day was the outperformance of...
Big Wave Trading Weekend Update And Top Current Holdings
The Big Wave Trading models remain under an across-the-board operational BUY signal with nothing weighing on our models except the short-term overbought conditions in the multiple oscillators we track. Those short-term overbought readings have been semi-noise as the...
Small Caps Lead Stocks Higher
Early morning selling gave way to buyers as this market continues to shake off potential distribution days. Volume ended the day on the downside today, but with options expiry tomorrow we should see volume jump. We continue to see what appears to be an overbought...
Fed Minutes Fail to Spark Buyers; Stocks End Lower
Early trading was dominated by sellers as this market continues to operate in overbought conditions. Morning lows saw buyers respond pushing the market above the midpoint of the session. All eyes would point to the release of the latest Federal Reserve meeting...
Stocks Advance as Volume Ends Mixed
The unrelenting stock market rally continues to push higher with the NASDAQ finishing higher leading all major stock market indexes. Volume was mixed with the NASDAQ experiencing lower volume while volume jumped higher on the S&P 500 (MarketSmith shows lower...
Utilities Lead as Japan Enters Another Recession
News Japan slid into another recession sent futures lower as the Nikkei fell more than 2% in overnight trading. Mixed economic news did very little to move futures in one direction or another. Early morning push higher was met with a fierce, but brief selling...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading portfolio remains under a BUY condition across the board, as stock indexes continued to move higher last week. While this market is overbought on many different oscillators I follow on a daily basis, the weekly oscillators remain well off...
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