COMMENTARY
Russell 2000 Leads the Market lower; Gold slammed lower
It appears market participants ate too much Tryptophan and couldn’t keep this market afloat. Generally speaking global PMIs were positive and it was certainly the case here in the states. Gold took a beating today as “King Dollar” appears poised to move higher. The...
Big Wave Trading Portfolio Update And Top Current Holdings
Aloha. I hope everyone had a wonderful Thanksgiving and post-Thanksgiving weekend. As you all know, it was a holiday shortened week but it was still a bullish week as all market indexes continued to hit new all-time and 13-year highs. Nothing of importance happened...
Volume Falls ahead of Thanksgiving, but Stocks Climb Again
A burst of economic data hit the market this morning. Once again the data was mixed with the Chicago PMI once again showing strength. Durable goods weren’t up to snuff. However, the data was quickly forgotten as many were looking ahead to the Thanksgiving Day holiday....
NASDAQ leads the way as Volume Jumps across the Board
Just another day in Wonderland as stocks close in the green, but the Dow Jones Industrial Average and S&P 500 hit stall speed. Volume jumped across the board, perhaps institutions are trying to get allocations ahead of the Thanksgiving holiday. Economic data continued...
Social Media Stocks Stumble; Stocks close mixed to begin the Holiday Week
Stocks drift aimlessly throughout the day after gapping higher in the early morning session. Pending home sales disappointed month-over-month and year-over-year helped sellers push stocks lower. Dallas Fed released its manufacturing index showing slower growth than...
Big Wave Trading Portfolio Update And Top Current Holdings
With the markets hitting new all-time highs in the SP-500, Russell 2000, and DJIA and the Nasdaq hitting new 13-year highs, it is obvious that everything is all good with the market. We remain under a BUY signal and there is absolutely zero pressure currently on our...
Small Cap Stocks Lead the Market Higher Volume ends mixed
Today was a solid day for the market as we saw the NASDAQ jump more than one percent, but it was small cap stocks leading the overall market that was most impressive. The VIX dropped more than 5% as complacency continues. There simply isn’t any fear over the market...
Federal Reserve Minutes Fail to Inspire Stocks End lower
A better than expected retail sales figure helped boost stock futures prior to the open. Released at the same time inflation data remained tame and was in line with expectations. Existing home sales wrapped up the economic releases of the day and it disappointed....
Market Escapes Distribution; 3D Printing Stocks Take a Hit
There was an absence of economic data for pundits to opine about, but the action in 3D printing stocks was not optimal. Volume slipped on the NASDAQ, but inched higher on the NYSE. The minimal pullback on the S&P 500 negated a distribution day. At this point,...
Stocks Runaway from All-Time Highs; NASDAQ ends Lower
Today’s session started out as a decent day on the street ended in a sour mood. Pundits are blaming a timely quote from Icahn expressing his concern over the market and a possibility of a near-term correction. At this point, who hasn’t said this? Volume ended the day...
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