COMMENTARY
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...
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...
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