COMMENTARY
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio is under a full-on SELL signal following the strongest signal received since the year 2012. While the signal did get a shakeout back to NEUTRAL the past week the overall weighting of the SELL signal remained. Following Friday's major...
S&P 500 backs away from All-Time Highs; NASDAQ Leads market lower
What started out as a decent day turned into a mess for small caps and especially for the NASDAQ Composite Index. Momentum stocks were the ones who were rocked hard as it appears institutions are shedding these names for industrial and transportation stocks. For...
Stocks Close Higher in Light Trade
More economic mixed signals fail to derail the current market. Starting off the day ADP missed consensus while factory orders were better than expected. The market stayed within a tight trading range for much of the day. Volume was lower, but coming off the first...
NASDAQ and Russell lead the market higher kicking off the Second Quarter
Disappointing economic news couldn’t keep buyers away from pushing this market higher today. Volume was lower across the board, but above average showing there was some interest in accumulating shares today. Perhaps it was fresh beginning of the month capital flooding...
The First Quarter Ends with Stocks Higher on the Session
Small cap stocks ripped higher after falling for six straight days leading the entire market higher to close out March and the first quarter. Volume was higher for the day. However, the end of the day volume from portfolios rebalancing at month’s end was the catalyst...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio is now under a strong SELL signal following the Nasdaq and Russell 200 breaking down below the 50 day moving average on strong volume. This SELL signal is stronger than any previous SELL signal we have received in our model since the one...
Stocks Still can’t find their footing; VIX Tame
If you thought the weakness in the NASDAQ and Russell 2000 would at least give a boost to fear you would be wrong. The VIX index closed below the 15.00 level as the index has remained around the 15 level for the better part of the last two months. Traders aren’t...
Selling Pressure Continues; Volume Jumps
There is something certainly giving sellers a leg up here with continued selling pressure and today it was the entire market. Small caps measured by the Russell 2000 lead the entire market lower, but the Dow and S&P 500 weren’t spared today. For much of the day...
Dow Leads the Market Higher as Volume Slumps
Thanks to big moves in some Dow components like JNJ and IBM the old blue chip index is powering ahead despite sluggishness in the NASDAQ and Russell 2000. The market was greeted this morning with decent economic data with only the Richmond Federal Reserve...
NASDAQ and Russell 2000 Lead the Market Lower; Dow Hangs Tough
Overnight the market was hit with a Chinese PMI figure hitting an 8 month low, but would initially shrug off the weak figure. Markit released its US Manufacturing and while it was weaker than expected it still showed the US Manufacturing sector had expanded. It is...
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