COMMENTARY
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. ...
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...
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