COMMENTARY
Dow Ends Lower, but NASDAQ shakes off Intraday Selling ends near Session Highs
US markets came off a long-weekend and moved higher after the Martin Luther King Jr. holiday. The Dow was the only exception on the day lead by IBM, JNJ, and TRV to the downside. Volume continues not to matter, but we’ll give today’s session a pass as Friday’s...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolios remain under a BUY condition across the board with very little weighing on our model. The only problems we see with the current rally is that we still have not rallied enough into new high ground to completely remove the previous...
A Nice Quiet Day of Consolidation as Earnings Seasons Revs Up
Outside of the Dow’s loss the market was relatively quiet pricewise as the prior two day’s worth of gains are digested. We did get a few breakdowns from NUS, HLF, and BBY. However, the overall market settled nicely into a tighter than normal day’s range. Volume was...
Stocks Reach New Highs as Volume Jumps
A strong move today as price and volume moved in unison. It was a powerful move simply because we cleared the way for a new high in higher volume. After Monday’s session yesterday and today’s session has completely rendered Monday’s selling meaningless. While the...
Low Volume Rally Lifts Stocks after Monday’s Session
It only took one day to reverse the nasty selling Monday ushered in. There were plenty of traders willing to jump on the bear bandwagon just after one session. Volume was considerably lower on the day, but given the QE world we live in a bounce with no volume is...
Stocks Slide South and Volume Jumps Higher
The start of 2014 has been quite the opposite of 2013 whereby sellers are in control of the overall market. Just after noon eastern sellers jumped aboard and pushed the entire market lower. Volume ran higher than Friday’s pace as institutions jumped in and sold down...
Big Wave Trading Portfolio Update And Top Current Holdings
The overall stock market remains in a strong uptrend and despite all the top calling and underinvested traders/investors out there everything is firing on all cylinders. There may be a pocket or two of weakness out there but when every index is trending above the 50...
Stocks End Mixed ahead of the December Jobs Report
Tomorrow we’ll get a read on how well the job market did in the month of December. The media will have you believe it will be the most important job number in the history of man-kind. Of course until next month’s report. Today we did see quite a bit of selling just...
Fed Minutes Fail to Spark Buyers; ADP Shows Solid Private Payroll Gains
The morning got going with a solid report from ADP showing strong gains in private sector job growth. Futures did not react strongly in either direction, but from an economic stand point the more jobs we have the better off we are as a whole. It was clear from the...
Stocks Kick Losing Streak to the Curb finish Higher
Buyers came out from their New Year’s hangover to push stocks higher by the close of the session. Small Cap stocks who have been leading to the downside led the march higher today. The NASDAQ was runner-up while the S&P 500 lagged behind. Overall, the price...
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