COMMENTARY
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...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading portfolio remains under a NEUTRAL condition as we await for this market to either break out to new 52-week highs or break down below the individual major market average's 50 day moving average. For now, it appears, following Friday that the market...
Late Minute Surge can’t help the NASDAQ from Lagging Behind
Quite the fireworks in the morning session with sellers pushed the markets lower in fast trade. By 10 am buyers were back in the saddle pulling the market back to positive territory. Economic data was mostly positive being led by the Philadelphia Fed Business Outlook...
Yellen Confuses Pundits as Stocks Fall
In typical fashion volatility was sparked after the rate announcement from the Federal Reserve. Janet Yellen’s first meeting is now out of the way and we can move forward. On the positive side of the market today is we were able to close above Monday’s high on the...
Stocks Pave way for New Highs; Federal Reserve Meeting Eyed
A good day for stock market bulls as yesterday’s high is cleared on expanding volume. Today was a clear sign bulls still want to dance and accumulate shares of stock. It may be somewhat surprising ahead of the Federal Reserve tomorrow, but we are not going to argue...
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