COMMENTARY
Stocks Fall Hard as Overseas Tensions Grow
In the overnight session European stocks were on the downside putting pressure on US stock futures. At the open buyers came in early and fast helping the market back up to breakeven before they would be quickly turned away by overseas tensions. Just after news of a...
Small Caps Lag as the Dow hits another record High
Today the Dow Jones Industrial Average hit another record high as earnings continue to roll in. Volume ended the day mixed with INTC helping out the NASDAQ and NYSE turnover slowed. The S&P 500 is knocking on its all-time high too. Unfortunately, for Small Cap...
Yellen Testimony Spooks Stocks; NASDAQ Marked With a Day of Distribution
Today’s wild ride will be blamed on Yellen’s testimony today as her words spooked some investors. Small cap stocks were hit the hardest followed by the NASDAQ, as volume swelled across the board. The increase volume coupled with the losses on the NASDAQ gives a day...
Monday’s Session sees Stocks advance as Gold Tumbles
Following an upbeat European open, US stock futures pointed towards a higher open. Buyers began to step in from the start scooping up shares of stock after last week’s “risk-off” trade subsided. Many of our stock market leaders we have identified acted very well...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under a BUY signal across the board. The BUY signal remains despite the short-term weakness in the overall market. For now, all major market averages are trending above their respective 50 day moving averages. This keeps the...
Early Losses are nearly eliminated as European Banks cause stir
Futures were dealt a blow with news out of Europe regarding the largest publicly traded Bank in Portugal was once again in trouble. European shares were sold off in heavy volume and at the session open US stocks followed. However, not long after the open buyers...
Fed Minutes boost Stocks as Volume Subsides
The Federal Reserve meeting minutes showed the Fed’s focus is not ending QE but when the next rate hike will come. Janet Yellen will now try to take the focus off of QE and keep the narrative on interest rates. Initially, the market did not like what it saw from the...
Stocks Extend Losses in Heavy Turnover
Losses were carried over from yesterday’s session as volume jumped today. We have seen the first real distribution in quite some time as volume soared above Monday’s level. The lone sector in the S&P 500 in the green was the Utility sector. Selling was...
Russell 2000 Leads the General Market Lower
After a long holiday weekend those who were back in the office were sellers of this market today. A debate will certainly rage over whether today will count as a distribution day or not. We’ll count it as such, but we’ll need to see more evidence this market is...
Big Wave Trading Portfolio Update And Top Current Holdings
I hope everyone is having or had a wonderful Fourth of July weekend. As we head into the new week, our models all remain under a BUY condition and we are fully invested. There is no overhead resistance currently, we have a wall of worry to climb, and without any...
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