COMMENTARY
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...
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...
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