COMMENTARY
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...
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...
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