COMMENTARY
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio model is under a major SELL signal on all market indexes. The model switched from SELL to NEUTRAL back to SELL this week as the insane volatility of the tape and the strong support at 2014 lows appeared to signal in a potential bounce in...
Dow Sheds 300 Points On Lower Volume
One day after a tremendous rally sellers regain control erasing majority of Wednesday's gains. Even after the European close buyers were not around to give the market support. Volume fell day over day, but price certainly told a story today. Yesterday's action...
Stocks Rally after Fed Minutes; Dollar Index Drops
Despite taking out last Thursday’s low stocks were able to reverse hard and close up on tremendous volume. We warned last night we needed this market to show some strength and we did see that today. Last Thursday’s low was certainly a pivotal point we were watching...
European Fears Spook Stocks
Europe continues to stumble despite the ECB’s pledge to begin its own Quantitative Easing program. After today’s session the stock market is now in a precarious position. If we do not rally and rally well off these lows could be very dangerous for those who continue...
Stocks Erase Morning Gains End Lower
All appeared well in the world with US futures getting a boost from markets around the world. At its highs Brazil was up more than 8%. However, sellers had a different plan in store for this market. Volume ended mixed with volume on the NASDAQ exchange higher than...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading model remains on an overall SELL signal across the board. That being said, we have become oversold on our short term daily oscillators and we expect this bounce to continue. Therefore, our model is ready to switch back to a NEUTRAL operational...
Stocks End Mixed; Russell 2000 Snaps Back
After a bout of selling this morning the stock market was able to rebound. During the morning’s selling the VIX really did not jump as if there was a ton of fear in the market. We do have a jobs report tomorrow, but was it anticipation of Yom Kippur ushering in...
Fourth Quarter Begins on Sour Note
For the third straight session stocks slide lower in above average volume. At least the Russell 2000 did not lead the market to the downside. The NASDAQ lead the decline today with the Russell 2000 not to far behind. We still remain in a bad seasonality period, but...
Third Quarter Ends with Indexes Closing in the Red
Despite a midday rally stocks simply could not hold onto gains as end of the month volume ramps at the close. We continue to see some positive action in select stocks, but the indexes simply cannot find their footing. GPRO continues to extend its gains and we...
Stocks Battle Back from Morning Lows
Early morning jitters over global unrest gave way to buyers as early morning lows were quickly forgotten. Pending home sales disappointed as month-over-month pending sales sank 1% while year-over-year fell more than 4%. Perhaps bad news is good news in hopes to keep...
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