COMMENTARY
Volume Expands with the NASDAQ 100 Leading the Way Higher
Despite a weaker than expected retail sales figures and a bond rally US stocks continued to push off their most recent lows. European shares rose erasing Tuesday’s losses in a sign of strength and helping out early morning futures. On the day, volume was higher...
Late Day Rally Spills Over as Europe Rebounds
A weak read from retail sales did very little tripping up the gains futures were indicating prior to the US market open. European shares rebounded recovering majority of yesterday’s losses. The DAX is now in range to confirm a new up-trend if price and volume...
Monday Rally as Fears Ease
Global markets rally as geopolitical risk appear to diminish. The Dow Jones Industrial Average was the weakest link in the US closing with just a .10% gain. Small caps stocks led the entire market higher followed by the NASDAQ. We were moving as if we were going to...
Big Wave Trading Portfolio Update And Top Current Holdings
TOP CURRENT HOLDINGS – PERCENT GAIN SINCE OUR SIGNAL DATE – DATE OF SIGNAL VIPS long – 479% – 7/17/13 HEES long – 218% – 9/4/12 AER long – 158% – 6/27/13 WDC long – 131% – 1/9/13 TPL long – 103% – 10/22/13 USCR long – 81% – 4/12/13 The Big Wave Trading Portfolio...
European Stocks Continue Slide as US Stock Rally Fails
The slide continues for European stocks as the standoff over the Ukraine conflict. At the US market open US stocks shrugged off European weakness. Volume wasn’t overwhelming on the upside as we pushed higher. Just before 11am EDT was when sellers began to hit the...
A Promising Rally Off the Lows Stalls Mid-day
What appeared to be a solid rally off the lows lost steam after noon eastern standard time. At the open it certainly looked like we were going to continue Tuesday’s sell off. Sellers were simply exhausted in the near term as buyers took over pushing stocks to the...
Ukraine Fears Push the Market Lower
Forget the ISM figures and other economic data point the geopolitical issues in the world are causing jitters to increase. The market did take a bit of a dip after the release of the ISM non-manufacturing numbers. However, the market was able to stabilize and inch...
Stocks Rebound from Last Week’s Selling
After last week’s selling a bounce was certainly not unexpected. Volume could not match Friday’s levels, but Friday was the first of the month where volume is typically elevated. Price action was solid for much of the day after the morning dip as European stocks...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio has been anticipating for weeks that something was wrong with the most recent attempted rally in the overall stock market. On Thursday these problems were confirmed with a huge sell off on extremely large volume with many leading stocks...
Massive Selling has our Market Model Switch to Sell Mode
Massive selling today pushes the Big Wave Trading market model to SELL mode. For whatever the reason sellers were in control for the entire day sending stocks lower in massive turnover. The S&P 500 dove through its 50 day moving average in massive turnover. Only...
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