COMMENTARY
Stocks Rebound Led by the NASDAQ; Volume Light
Wednesday’s market action was certainly a positive for the market as the NASDAQ led all indexes higher. Once again, volume lagged and so did IWM. QQQ and SPY had great days apart from volume. Volume was lower across the board despite the solid price gains. We would...
September Opens with Stocks Lower
Small cap stocks led the market lower on Tuesday after the long holiday weekend. The same fears exist over the ongoing trade war between the United States and China. Tuesday’s action saw the 10-year treasury note yield trade above the 2-year removing the inversion....
Summer is Over; School is Back in Session
The last month in the 3rd quarter should be an interesting one given the geopolitics and seasonality trends. We continue to see market participants on edge worried about the next tweet the US President might send. Big Wave Trading subscribers have no such worry as we...
Stocks Rise as Volume Falls
Led by small cap stocks (IWM) the market reversed early morning losses to close the day with gains. While the reversal was nice to see volume fell suggesting institutions were not in a rush to jump back into stocks. A positive sign was certainly seeing IWM lead the...
Russell 2000 Leads Market Lower
Gains turned into losses for the Russell 2000 as the small cap index saw sellers ravage the index again. Long-term bond yields continue to race lower too as flight to safety continues. The bond yield inversion has investors and traders alike spooked over a potential...
Stocks Rebound from Friday’s Beating
As this market continues to struggle with US-Chinese trade worries and an inverted yield Monday’s market saw stocks rise. NASDAQ Composite led all market indexes followed by the Russell 2000. Volume was lower than Friday’s session. Renewed hopes of trade talks...
Trade Continues to Dominate Headlines
Friday’s market sell-off can be attributed to the trade escalations with the US and Chinese governments. We continue to see both countries raise tariffs on each other’s goods. Sellers were able to really push the envelope on Friday sending the broader market lower....
Yield Curve Continues to Flirt with Inversion
The fascination with the yield curve continues as the 2-year treasury yield rose above the 10-year once again. This comes after inflows show were the 8th highest recorded this past week. More investors yanked cash from equity funds. Fears over the economy have taken...
Volume Continues to Contract as Stocks Move Higher
Summer is fast approaching its end and volume continues to be light. Whether it is summertime trading or institutions simply not willing to accumulate shares may be a sign this rally might not have much leg room. Gains across the board were solid. Consumer...
Volume Falls as Stocks Take a Step Back
The S&P 500 led the market lower on Tuesday. Volume was lower across both the NYSE and NASDAQ exchanges. A positive sign for the market as we did not record a distribution day. At the level of decline witnessed on Tuesday had volume been higher Tuesday would have been...
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