COMMENTARY
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...
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...
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