COMMENTARY
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under a SELL signal but there is definitely strength in Big-Caps, especially in the Energy and REIT sectors, and thus the SP-500 and DJ-30 have moved back into a NEUTRAL position on the most short-term time models only....
NASDAQ Rises as turnover Rises
Despite disappointing results out of big technology companies as GOOG and IBM the market was able to reverse early morning losses. Volume was certainly aided by earnings, but it was higher across the board nonetheless. Day three has come and gone and in front of a...
Adding to Gains Stocks Drive higher without Volume
Disappointing housing data did not get the market down following global markets moving higher. It was a luncheon at the New York Economic club where Janet Yellen stressed the fed’s accommodation stance did the market push to the highs of the session. Steady buying...
Stocks Stage a Solid Rebound on Big Volume
The big story of the day was the epic turnaround stocks staged after suffering some heavy volume selling. Hitting its 200 day moving average the NASDAQ found buyers and in big volume too. Economic data came in pretty much as expected and nothing to really get overly...
A Late Day Rally saves the Market
The NASDAQ rallied nearly 40 points off the lows of the session to close in positive territory. It appeared from the start of the last hour of trading sellers wanted to take over. However, the market had something in-store for the sellers thwarting their attempt to...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under the strongest SELL signal triggered since 2012 as stocks continued to sell off the previous week on very heavy volume. There is nothing pressuring the model whatsoever on this SELL signal as of now. Friday went just about...
Stocks Take a Dive; Volume Soars
Yesterday could have been a decent day for the market, but as we noted the volume was worrisome. Those worries were validated today with sellers dominating the market as traders and investors alike were tripping over each other to dump stock. The NASDAQ once again...
Stocks Surge on light Turnover; VIX takes a plunge
The Federal Reserve meeting minutes helped stocks push higher after the minutes revealed the central bank to be more dovish. Or so we think as these minutes were taken prior to Yellen’s “six months” comment. At any rate, we saw Monday’s highs pushed aside for higher...
NASDAQ Bounces back from Losses; Alcoa Kicks off Earnings Season
After suffering from heavy losses over the past few sessions the NASDAQ rebounded in very light trade. Leading the way the NASDAQ closed up 33 points or .81% followed by the Russell 2000 closing higher by .74%. Volume light on the session and it was no real surprise...
Selling Continues on the Street; Stocks can’t find their footing as Downtrend Continues
The NASDAQ picked up where it left off on Friday closing lower once again. Briefly the index was able to get into positive territory, but was short lived. Sellers were dominate for much of the session and even were able to ward off a rally attempt at the day’s end. ...
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