COMMENTARY
Summer is Over; School is Back in Session
The last month in the 3rd quarter should be an interesting one given the geopolitics and seasonality trends. We continue to see market participants on edge worried about the next tweet the US President might send. Big Wave Trading subscribers have no such worry as we...
Stocks Rise as Volume Falls
Led by small cap stocks (IWM) the market reversed early morning losses to close the day with gains. While the reversal was nice to see volume fell suggesting institutions were not in a rush to jump back into stocks. A positive sign was certainly seeing IWM lead the...
Russell 2000 Leads Market Lower
Gains turned into losses for the Russell 2000 as the small cap index saw sellers ravage the index again. Long-term bond yields continue to race lower too as flight to safety continues. The bond yield inversion has investors and traders alike spooked over a potential...
Stocks Rebound from Friday’s Beating
As this market continues to struggle with US-Chinese trade worries and an inverted yield Monday’s market saw stocks rise. NASDAQ Composite led all market indexes followed by the Russell 2000. Volume was lower than Friday’s session. Renewed hopes of trade talks...
Trade Continues to Dominate Headlines
Friday’s market sell-off can be attributed to the trade escalations with the US and Chinese governments. We continue to see both countries raise tariffs on each other’s goods. Sellers were able to really push the envelope on Friday sending the broader market lower....
Yield Curve Continues to Flirt with Inversion
The fascination with the yield curve continues as the 2-year treasury yield rose above the 10-year once again. This comes after inflows show were the 8th highest recorded this past week. More investors yanked cash from equity funds. Fears over the economy have taken...
Volume Continues to Contract as Stocks Move Higher
Summer is fast approaching its end and volume continues to be light. Whether it is summertime trading or institutions simply not willing to accumulate shares may be a sign this rally might not have much leg room. Gains across the board were solid. Consumer...
Volume Falls as Stocks Take a Step Back
The S&P 500 led the market lower on Tuesday. Volume was lower across both the NYSE and NASDAQ exchanges. A positive sign for the market as we did not record a distribution day. At the level of decline witnessed on Tuesday had volume been higher Tuesday would have been...
Volume Eases as Stocks Add to Gains
A little disappointing, we did not see higher turnover on Monday as we saw stocks post solid price gains. Monday’s session had the opportunity to be a really great day. Institutions weren’t willing to accumulate shares at a high enough clip. Yields rose a bit coming...
Volume Eases as Stocks Rise to Close Out Week
A wild week on Wall Street closed out with gains. Certainly, a good way to close the week despite not having volume higher. It was nice to see after the Distribution Day on Wednesday the broader market did not crater. While Thursday did see some further selling, we...
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