COMMENTARY
ADP Surges as the market trades in a tight range
First apologies for no commentary last night and an abbreviated one tonight. The bond market sold off today while stocks traded in their narrowest range year-to-date. Today’s session rings a bell: “Never short a dull market.” The lack of volatility is not overly...
The Market Sours in the Final Two Hours, but Receive a Last Minute Lift
We closed out the first 6 months of trading of 2014 by closing mixed. Volume was lower, but it was due to the Russell rebalance inflating Friday’s trade figures. It appeared this market was going to close out June on a high note. However, sellers took control...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio is under a BUY signal across the board as all of the major market indexes are trending higher with leading stocks across many sectors leading the way. While there are many short-term concerns for this market with Ukraine, Iraq, the Fed,...
Inflation continues to creep higher as Stocks finish well off their Lows
The fight this market has is truly amazing and after today’s session it is very difficult to argue against this notion. Even hearing a hawkish Fed official in Bullard making the proclamation the Fed is closer to its targets and will need to raise rates didn’t send...
First Quarter GDP was a disaster; Stocks power ahead
The talk of the town this morning was the revision to first quarter GDP showing a decline of 2.9%. Durable goods disappointed as well, but the market was able to quickly shrug off the stale economic data and push forward. Volume was mixed on the session with NYSE...
Big Intraday reversal sends Stocks Lower; Volume jumps
Let the bears come out of hibernation and begin to bang the correction drum! Today was the first sign of institutional selling we have seen since the beginning of this rally. The market reversed off its high of the day closing near session lows. Volume jumped...
Stocks End Flat on a Quiet Day
Positive economic data kicked off the session, but traders weren’t ready to bid up stocks and keep them at session highs. Led by the NASDAQ 100 the market closed mostly lower in light trade. Today was the first session of the summer season and volume lived up to its...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio is under a BUY signal across the board as the Russell 2000 officially entered this mode during the week joining the rest of the stock market indexes already under this signal. Overall volume remains tame on the major market indexes but...
Gold breaks loose; S&P 500 ends in Record Territory
Stocks traded in a tight range, but it was GLD leading the way higher. Overnight the Nikkei broke out in heavy trade a good sign for Japanese stocks following the move yesterday. It is clear there is a new uptrend in GLD from today’s move as well as US stocks and...
Small Caps forge forward ahead of the Fed Policy Announcement
Today was just, simply put another good day in the stock market with the Russell 2000 leading all major market averages higher followed closely by the NASDAQ. Volume ended the day higher and it was nice to see volume expand above yesterday levels on both exchanges. ...
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