COMMENTARY
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. ...
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...
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