COMMENTARY
TSLA and SPWR lead Breakouts as Stocks inch higher
The market inched higher after coming off the Father’s Day weekend. There were some nice breakouts on the day including TSLA and SPWR. Both stocks did so in excellent volume. From the get-go the market received positive economic data this morning, but shortly after...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio model remains under a BUY signal in every major market index we track, minus the Russell 2000 which remains under a NEUTRAL condition, heading into next week. Major stock market averages pulled back the past week but did so in a very...
Transports Sell Off Hard; Iraq Situation Deteriorates
This morning’s economic data was not too impressive, but it would be afternoon headlines dominating the market chatter. Crude oil made a push higher putting pressure on the Dow Transportation stocks. The move in Crude was credited to the conflicts arising in Iraq...
Bonds see a weak 10 year auction; Stocks stumble temporarily but find their footing
Another day of consolidation with the Dow Jones Industrial Average led the entire market lower. Small caps weren’t too far behind the Dow, but with lighter volume neither index came under distribution. Volume was lower across the board as the S&P 500 and NASDAQ...
Volume falls as the Market takes a breather; FB breaks out
Today was a solid day of consolidation for the overall market with volume falling on the trading session. After the recent run-up a period of consolidation is always welcomed. Volume once again was lower across the board, but it was a positive sign with the market...
Small Caps lead the Market higher; AAPL Splits
Today’s market was void of any economic releases, but this morning’s market saw AAPL trade in double digits after a 7-for-1 stock split. Small caps stocks were the leaders of today’s market with the Russell 2000 nearly up one percent for the day. NASDAQ finished...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio Model remains under a BUY signal in every index except the Russell 2000 which is under a NEUTRAL condition. The Russell 2000 switched from a SELL to NEUTRAL signal following the powerful price move on Thursday. There are still two major...
Russell 2000 Leads Stocks higher; ECB lays the groundwork for QE
The focus was on the ECB and its plan to begin a quantitative easing program. Never mind the 45.5% increase in planned layoffs by US companies the market cheered the news of continued central bank support of stocks. Initial jobless claims ticked higher than...
Market inches higher in light Turnover; S&P 500 notches another all-time High
A disappointing ADP employment figure did very little to hold back the market from finding support during the morning session. Once again volume was noticeable absent from the market, but it has yet to prove to be an issue for this market. We continue to see this...
Volume expands slightly as Stocks inch lower
As volume did expand today stocks were able to find support and avoid any nasty distribution. While the S&P 500 remains just below its all-time high the NASDAQ has tightened up considerably over the past few trading sessions. Our volatility ratio has reflected...
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