COMMENTARY
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under an overall SELL signal, despite the DJIA and SP500 being inches away from all-time highs. While the DJIA and SP500 continue to offer up actionable long signals in the big-cap slow-growth names on an occasional basis,...
May kicks off in an uninspiring Session ahead of Jobs Report
Now that we have moved beyond the FOMC Friday’s job report hits front and center. The NASDAQ was the only major index we follow closing in the green. We continue to see earnings pour in, but not too many to really speak of. The mass financial engineering project we...
Fed Tapers despite Dismal First Quarter GDP Results
The market was dealt with a disappointing reading regarding GDP growth in the first quarter for the United States. If it weren’t for the mandated spending of Obamacare growth would have been negative. Better-than-expected personal consumption was nice to see. ...
Volume Flees as Market awaits FOMC; TWTR slammed in After-Hours Trade
A weaker than expected Case-Shiller price data wasn’t enough to shake this market lower. Volume was lower on the session and perhaps institutions simply do not want to get ahead of the FOMC policy announcement tomorrow at 2pmEST. Whatever the reason, we levitated on...
Big Volume Floods the Market; Dow leads all Gainers
The story of the session was another big intraday move only to find buyers at the lows to push the markets back above the mid-point of the session. AAPL was part of the winners as the stock broke towards the $600 level something it hasn’t seen since 2012. The intraday...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading portfolio remains under an across the board SELL signal despite the DJ-30, NYSE, DJ-20 and SP500 still holding above their 50 day moving averages. The model has taken into account the price action of these big cap indexes, along with the current...
AAPL Lifts the NASDAQ; Small Caps Finish Lower
AAPL saves the day for the NASDAQ as the stock broke out from a very long base, but it was the intraday volatility stealing the show. It wasn’t long after the open when sellers began to take it to the market. Perhaps it was Putin making threats, but sellers showed...
Stocks end Win Streak; Volume Slides
Disappointing new home sales and a preliminary look at US manufacturing PMI from Markit did not help the bulls cause today. For much of the session stocks remained in negative territory with the NASDAQ taking the brunt of the selling. The positive on the day is we did...
Another Day of Gains takes Win Streak to Six Days
Positive economic data from this morning and with Europe adding to its gains helped boost the market during the early going. Buying continued throughout the session, but slowed to a halt by the final hour of trading. Volume jumped day-over-day which is a good sign. ...
Stocks Advance for the Fifth Straight Day
Coming off a long Easter weekend and with European markets closed US stocks were able to climb higher on the session. Whether or not it was a lack of sellers or just enough buyers stocks were able to close near session highs. Leading all gainers was the NASDAQ...
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