COMMENTARY
Stocks Finish near their Lows; Volume Drops and Small Caps Lag
The market rebounds from the end-of-the-week selling from last week. Early going was solid after positive economic data helped boost the market. Homebuilder sentiment crept higher from February’s reading, but was below economists’ expectations. Resistance was hit...
Big Wave Trading Portfolio Update And Top Current Holdings
Due to a weekend away from home, there will not be a full update this weekend. What is important is that our market model has switched to a NEUTRAL condition following the sell off on Thursday. There is too much evidence in individual stocks, old sector leadership,...
Market Model moves into Neutral Mode
This morning’s economic data helped boost the market, but it couldn’t keep the market afloat for the entire day. Major distribution struck down on the entire market as sellers simply overwhelmed the market. So much so today’s outside reversal has ended our current...
Stocks Find Support, but Volume is Light
Out of the gate sellers took to the market slamming prices lower, but it wouldn’t last too long. Just before 10 am the market was able to find its footing and begin its march higher. Volume from the onset was tracking higher and it was attributed to the selling...
Russell 2000 Leads the Market Lower; Market notches a day of Distribution
Quite the day today with some high flyers getting slammed pretty good with the overall market moving lower on volume. Whatever the reason stocks moved lower and today’s distribution was led by the Russell 2000. When this occurs we take notice as it is concerning...
Quiet Day in the Markets; Stocks Finish off their Session lows
Friday’s better than expected jobs report has been overshadowed by geopolitical events and a possible terrorist attack on a Malaysian Jetliner (let the facts sort out speculation). The NASDAQ closed lower for the third day in a row, but was the major index out of the...
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...
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