COMMENTARY
Stocks Race Higher on Vapor; Dow and S&P 500 sit at All-Time Highs
Bullish expectations jumped on Monday as many market participants were happy to hear the rumor regarding ECB opening up to mimicking the US FOMC and running a QE program. Buyers jumped out from the gate, but they weren’t out in full force. Monday’s typically are light...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio is in a very odd mix of signals currently with the Nasdaq and Russell 2000 still under a very strong SELL signal, the SP-500 and NYSE basically under a NEUTRAL/soft SELL signal condition, and the DJIA under a soft BUY signal. Due to...
Dow Remains King of the Hill; Volume Slips
Today was a roller coaster ride for stocks as the NASDAQ and Russell 2000 head in the opposite direction of the Dow Jones Industrial Average. At the onset stocks opened lower, but quickly found a bid and continued to stay in positive territory until the 30 year...
The Dow leads the market higher; Volume ticks higher
This market is certainly a tale of two tapes. On one hand you have the Dow Jones Industrial Average nearing all-time highs and on the other you have the Russell 2000 unable to hang above its 200 day moving average. Volume was up on the session, bigger on the NASDAQ...
Tumbling Tuesday: Small Caps lead the Market Lower in higher Turnover
Turnaround Tuesday turned into Tumbling Tuesday with today’s aggressive move to the downside by Small Cap stocks and the NASDAQ Composite index. Preliminary volume metrics show volume was higher across the board from Monday’s session as stocks like TWTR move to new...
A Slow Day on the Street; Stocks Rebound from Early Losses
There wasn’t much exciting hit the street today unless you are into watching financial news. Volume was off quite a bit as it appears many market participants weren’t willing to hop into the market today. Utilities were the winners of the day leading the S&P 500...
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...
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