COMMENTARY
S&P 500 Inches Higher as Volume on Exchanges Drop
A late afternoon selling hiccup just before the final hour was just about all the excitement for the day. Early morning selling kicked us off and it too found support, but with volume so low it really cannot be chalked up to institutions rushing in to support...
Russell 2000 Leads the Market Higher; S&P 500 Sets another All-time High
Small caps joined the party as the Russell 2000 index led all major indexes higher. It was a good sign to see the small capitalization stocks join the party. Durable goods blasted higher, but it was solely due to Boeing. Home prices stumbled with the Case-Shiller...
Last Week of Summer Kicks off with New Highs
The S&P 500 failed to hang on to 2000, but it still closed in all-time highs. Over on the NASDAQ the index hit a 14 ½ year high. Volume on the NASDAQ was higher, but lower on the NYSE. IWM remains well below its all-time high and has a bit of work in order to...
Big Wave Trading Portfolio Update And Top Current Holdings
It's is vacation time on Wall Street as volume came in below average all week long. As is normally the case when volume is below average, stocks melted up with leading stocks (based on RS ratings) shining the brightest. The Nasdaq and Nasdaq 100 remain under a BUY...
S&P 500 Notches another All-Time High; NASDAQ at Decade Highs
The market continues to inch higher into new high territory. Volume ended mixed on the session with the NYSE turnover higher while NASDAQ pulled in. It is hard to argue with a market hitting an all-time high on higher volume. Market pundits certainly can find...
Russell 2000 Continues to Lag the Major Averages
The story of the session was the volatility following the release of the FOMC meeting minutes. For much of the session leading up to the release the market was relatively quiet. Immediately following the release the market initially moved lower only to find buyers...
Momentum Continues with the S&P 500 Leading the Way
For the past seven out of eight days the NASDAQ has seen a positive close. Today, the S&P 500 would take over leading the market higher as volume across both the NYSE and NASDAQ fell from yesterday’s levels. Lagging once again was the Russell 2000. Whether or...
Global Rally in Stocks Continues
Despite volume coming in lower than the 50 day average, stocks advanced. We continue to see a plethora of stocks setup, breakout, and add to gains. It is very important we continue to see this type of action from the stocks we are following. Crude oil slumped once...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio is once again heavily long as our market direction model on the Nasdaq and Nasdaq 100 returned to BUY signal this week. This is following a series of switches from BUY (signal given in May) to NEUTRAL to SELL to NEUTRAL to BUY all in the...
Copper and Crude Fall as Bonds and Stocks Rally
A shaky start to the trading session for stocks gave way to steady buying throughout the entire session. Leading the way once again was the NASDAQ 100 while the Russell 2000 lagged quite a bit. Just after the bond auction at 1pm EDT the 30 year Treasury bond rallied...
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