COMMENTARY
Big Wave Trading Portfolio Update And Top Current Holdings
Despite the V-shaped straight-up lower volume rip higher by the overall market the past week, our market models remain under a NEUTRAL condition across the board. This includes the Nasdaq and Nasdaq 100 which retook their downtrending 50 day moving averages. This...
Volatility Continues as Stocks Rebound
Yesterday’s losses were quickly erased as traders cheered earnings. CAT reported earnings prior to the bell and after buying back a ton of stock they were able to goose earnings enough to beat rather easily to the upside. Buying started from the start and did let up...
Near Distribution Day Spells Trouble for Confirmed Rally
All was going well for the markets until afternoon selling soured the entire rally. Yesterday’s big volume and big price move confirmed a new market rally. The unfortunate news today was immediately following a confirmation day was a near distribution day....
Market Confirms New Rally
On the back of AAPL’s earnings the stock market confirmed a new market rally with an explosion to the upside. While confirming a new rally is always exciting this was done very quickly and well away from lows. The shape of this rally is not one we like to see to...
AAPL and NASDAQ 100 Lead Stocks Higher
Early morning disappointing earnings news from IBM kicked off the week by sending US futures lower. European indexes were lower following the weekend adding to the weakness in US futures. Since the last Federal Reserve meeting stocks have been unable to hold many...
Big Wave Trading Portfolio Update And Top Current Holdings
Day three of a rally attempt is under the belt and now we are on the look out for a Follow-Through Day. Friday was not a FTD based on two conditions: lower volume than the session before and a weak overall intraday session following the gap higher. True FTD are strong...
Russell 2000 Leads the Stock Market Rebound
Once again early morning futures indicated a rough opening for US equity markets. Fears concerning Europe and Ebola certainly played a role in the early morning futures’ prices. Just like yesterday we saw buying from the onset. Buyers were eager to accumulate...
Stocks Rebound from Heavy Losses; Russell 2000 Leads the Way
Early morning trading saw a selling frenzy as soon as the market opened. Disappointing economic news from retail sales did not help things. Just as fast as the market dropped buyers swooped in and pushed the market to the highs of the session. Once again the market...
Stocks Fight Back Close Mixed
Economic data was on the lighter side today, but with $1 billion in POMO today the market looked to push higher. A slight hiccup in the first hour of trading gave way to steady buying into the lunch hour. Unfortunately, the highs were set at noon and the market...
Losses Continue; Ebola Fears on the Rise
We are now in a market where any bounce cannot be trusted until we can close with gains. Selling continued today as fears over Ebola continues to rise. The W.H.O. and C.D.C. have now contradicted each other over how Ebola is transmitted. Fear is certainly on the...
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