COMMENTARY
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...
Bond Yields jump as Stocks end Mixed on light Trade
The official start of summer isn’t for a few weeks, but the light volume theme continues as volume underwhelms despite the NYSE, Dow Jones Industrial Average, and S&P 500 finishing higher. Bonds sold off pushing the 10 year Treasury yield back above 2.5%. What we...
Big Wave Trading Portfolio Update And Top Current Holdings
Following another extremely low volume positive week, the Big Wave Trading Portfolio remains under a mixed bag of signals. The NYSE, DJIA, SP-500, and Nasdaq 100 are all under BUY signals, the Nasdaq is under a NEUTRAL signal, and the Russell 2000 is still under a...
The Market ignores a disappointing GDP release and ends the day higher
We kicked off the morning with a disappointing GDP release as first quarter the economy contracted by 1% rather than the -.5% expected. Initially, the Stock Market experienced some selling pressure as traders were looking for something to sell. Just after 10 amEDT...
Stocks End Lower On Lower Volume
Today was a nice day for the markets following yesterday’s solid performance. While many can find faults with the current market, but will finding fault make you money in the market? Not likely, and therefore we simply follow the market signals by pushing forward...
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