COMMENTARY
Russell 2000 Leads Stocks Higher
Another wild intraday session for stocks, but buyers were able to win out at the end of the session. Volume on the exchanges was mixed, but the major indexes saw volume lower on the day. Over the past two sessions the market has been able to work off oversold...
AAPL Rebound Lifts NASDAQ
A quiet day for economic news for CNBC and Bloomberg as they continued their focus on the NFL’s handling of the Ray Rice situation. AAPL was able to climb higher today after yesterday’s roller coaster ride. The stock was able to push the NASDAQ higher despite the...
Distribution Day Hits Stocks; AAPL Releases New Products
Turnaround Tuesday went in the opposite direction today with stocks falling on higher turnover as small cap stocks once again lead to the downside. Just after the announcement of the new product lineup out of AAPL it appeared as if this market would rally. However,...
NASDAQ Ends the Day with Gains; S&P 500 Lower in Light Turnover
Today started relatively quiet as futures simply did not have any news to digest. From the start it was the NASDAQ seeing the most attention as the index quickly recovered early morning losses. Unfortunately, once mid-morning hit the market as unable to gain much...
Big Wave Trading Portfolio Update
The Big Wave Trading Directional Models have undergone a couple of changes the past week. The first change was on Thursday when our models switched to NEUTRAL following the back-to-back gap reversals in overbought conditions. The second change came on Friday when the...
A Wild Day on Wall Street As Stocks Reverse from Highs; Model Switches To NEUTRAL
A surprise move by the ECB by cutting rates helped push US stocks higher for the early part of the session. The surprise move buried the EURO with EURUSD plunging to lows not seen since July of 2013. By mid-morning the steam had run from the market and the highs...
AAPL Exposed to Selling; Beige Book Fails to Inspire
Small Caps and the NASDAQ 100 led the market lower today after solid gains yesterday. The news regarding the Celebrity Nude scandal finally go to AAPL as traders were using the excuse as the stock sold off in heavy volume. Volume on the NYSE ran lower on the...
Small Caps Rally; NASDAQ Volume Explodes
The stock market welcomed back traders with a dull day, but big time volume. On the bright side we did have the NASDAQ and Russell 2000 pushed higher. Institutions were back from summer vacation in a big way as volume jumped well over Friday’s level. Aside from the...
Big Wave Trading Portfolio Update
I hope everyone had a wonderful Labor Day weekend. All of our models are under BUY conditions and our portfolio remains fully invested with a very tiny hedge that was added on Friday due to the short and intermediate term overbought conditions. If the rally continues,...
GDP Blows Past Estimates; Stocks Pullback in Light Trade
The big story to start the session was the big upward revision of the second quarter GDP. Expectations were for the second quarter to have grown at 3.9% annualized rate, but revisions were well past that at 4.2%. The revision was great news for the economy, right? ...
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