COMMENTARY
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio is operating under a SELL signal. However, do not let the term SELL fool you. Big Wave Trading as a whole is not bearish on the stock market just yet. Our model is simply on an operational SELL signal taking into account all of the heavy...
Stocks Fall Hard in Heavy Turnover
Yesterday’s gains were quickly erased today by heavy volume selling. There was not much to cheer about except GPRO continuing to add to its gains. Sellers were in complete control of the market for much of the day. Buyers were simply absent and were not around to...
Stocks Rise as Volume Cools
The rebound in the stock market today was a welcomed sign for bulls who witnessed their gains wilt in the face of the recent selling. We can nitpick with volume coming in lower, but all-in-all the price gains were pretty good. One thing we pointed out last night was...
Sellers Send Markets to Session Lows in Final 30 Minutes of Trading
Early morning losses were quickly erased during the first half hour of trading. However, before the first hour of trading was over the highs of the day would be set. The bits of economic news were split with Markit US PMI coming in slightly lower than expected while...
Stocks Open the Week Lower
The market entered a historically weak period with sellers winning the day. Leadership thinned even further today. Leading the market lower was once again small cap stocks followed closely by the NASDAQ Composite index. The Dow Jones Industrial Average continues to...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading models have undergone some near term volatility in operation signals in a few indexes but remained the same in a few others. The SP-500, Nasdaq 100, and DJIA switching back to operational BUY signals with each index hitting new 52-week highs....
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 this market higher and...
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 end its QE program at...
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 participants coming off the...
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 for the past couple...
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