COMMENTARY
Asian Markets Hit; US Stocks Rebound from Monday’s Heavy Selling
Overnight markets were hit quite hard with the Nikkei down more than 4%. US markets were able to regain some of the losses occuring during Monday’s session as volume fell considerably across the board. Today’s lack of buying conviction does not come as a surprise as...
Weak Economic Data Paints Questionable Economy; Stock Drop Hard
Small cap stocks took the brunt of the selling today while the rest of the major market averages dropped more than 2% across the board. The day got going with weak ISM manufacturing data and boy did it miss the mark. While we can assume the selling was because of...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio switched to a soft SELL signal on Monday 1/27/2014 as the stock market sold off for the third day in a row on very heavy volume with the Russell 2000 breaking down below the 50 day moving average. Normally, this price action alone would...
Stocks Bounce in Light Turnover
It remains to be seen whether or not today was the start of a new uptrend or not. Volume wasn’t overwhelming, but after the Federal Reserve rate announcement it would have taken quite a bit of turnover to surpass yesterday’s volume. Earnings continue to poor in and...
Bernanke’s last move failed to move Markets higher; Stocks Fall in Heavy Turnover
Even the President’s State of the Union address couldn’t help keep futures higher after the Turkish Central Bank pushed lending rates much higher than anticipated. Buying did come in and rescue the market somewhat at the open, but all eyes were glued to the 2pm...
AAPL Weighs on the NASDAQ; Stocks Rebound on Light Volume
AAPL’s reaction to earnings was quite harsh as the stock closed just above the $500 level after erasing 44 points on the day. Due to AAPL the NASDAQ simply could not keep up with the rest of the indexes lead by the Russell 2000 closing higher by .93%. Volume was...
NASDAQ and Russell succumb to selling; Volume ends lower
Selling continued on Monday lead by the Russell 2000 and NASDAQ Composite indexes. CAT earnings release and subsequent move helped the Dow Jones Industrial Average from losing further steam. Volume ended the day lower across the board despite the plunge to new lows...
Big Wave Trading Portfolio Update And Top Current Holdings
And it finally gets interesting. It has been such an amazing winter on Maui this year with all of the amazing surf and whale action that the slow methodical uptrend has been a side-feature to a much more impressive show by mother nature. However, the stock market has...
China’s PMI Disappoints as Distribution Sweeps across US Indexes
Pundits are blaming today’s move on a disappointing manufacturing piece of data out of China last night. China’s PMI dropped below the 50 level marking a contraction in manufacturing when the sector was expected to expand. Selling started early and Chinese related...
Russell 2000 leads the way as Volume Drops across Exchanges
Economic data continues to be on the lighter side of things as the only release was MBA’s weekly release of mortgage applications. They rose 4.7% week-over-week after rising last week by 11.9%. Market participants were busy mulling over IBM’s earnings release and it...
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