COMMENTARY
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under a BUY signal with the SP500, Nasdaq, and Russell2000 all hitting more new highs. As is usually the case at these moments, the Big Wave Trading Portfolio is fully invested with very little cash on hand. While we are fully...
Afternoon selling hits NASDAQ ; Traders Await Non-Farm Payrolls
Ahead of tomorrow’s all-important non-farm payroll the markets end in mixed fashion with the Dow leading to the upside and the NASDAQ closing marginally lower. Volume was mixed on the day with the NYSE volume coming higher. The day started out on a good foot the...
Boring Day Hits the market with the NASDAQ Notching a Small Gain
Well, we got what we wanted to see a boring day consolidating recent gains. Volume was much lower across the day another good sign for this uptrend. Even disappointing ADP and ISM figures pushed the market lower. The cold weather the US has been experiencing...
Markets Shrug off Putin and Blast Higher
Big volume surged into the markets today as the markets ignore geopolitical actions. Pushing to all-time highs the S&P 500 wasn’t the biggest winner of the day. The Russell 2000 gained more than 2.75% the clear winner on the day. Coming in second was the NASDAQ...
Market Rallies off of Lows, but Close Lower
The big headline from the weekend was Russia moving into the Ukraine with ground forces. Fears over a conflict spread throughout Twittersphere and Blogosphere. Overnight we had geopolitical experts spewing nonsense regarding the situation. Our focus is purely price...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under a BUY condition across the board but following Friday's session there are some negative factors weighing on the model. While the uptrend remains on track, three issues on Friday that raised some very-short-term caution...
Stocks close with gains Volume Drops
We aren’t surprised to see this market closing higher and the NASDAQ hitting a new high today. Volume wasn’t higher on the session as once again new highs are hit without volume. Leading stocks continue to act real well and have been treating us quite well. ...
Sellers Dominate Afternoon Trading; Stocks Inch out Gains
A positive new home sales figure helped lift stocks to their highs, but they wouldn’t be able to sustain the new highs. NASDAQ volume was lower on the session as volume on the NYSE was higher on the day. Despite the lack of excitement in the overall markets we did...
Volume Falls across the board; Stocks Close lower
The market followed up yesterday gains with a relatively quiet day of consolidation. Economic data continues to be mixed with Case-Shiller coming in slightly better than expected while the Richmond Fed index and Consumer confidence figures disappoint. In the end it...
Late Day selling knocks Stocks off their Highs
Lead by the NASDAQ stocks encounter sellers in the final hour selling off into the close. Gains were still solid on the day as the Russell 2000 led all gainers with a 1.03% gain. S&P 500 closed with gains of .62% gain brining up the rear for the major market...
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