COMMENTARY
Big Wave Trading Portfolio Update And Top Current Holdings
Aloha everyone. I hope you are all enjoying your weekend. It was a great week the past week on the island of Maui and in the overall stock market. The surf was huge on the north shore and the uptrend wave got right back into the swing of things this week for the...
Stocks End higher as Volume Ends Mixed
A disappointing jobs number did not hold back the market for long. We continue to see buyers step in just as the Fed’s POMO begins. The NASDAQ was held back today by CSCO reaction to its disappointing earnings release. CSCO CEO Chambers really did not have an...
Bullish Day on the Street as the NASDAQ Leads Stocks Higher
The last half-hour of trading revealed how bullish today’s session was as stocks close out at session highs. Things didn’t get moving until after 12:00 New York time as buyers bid up stocks led by the NASDAQ Composite index. Preliminary volume figures show volume rose...
Stocks Find Support, but fail to end in positive Territory
Once again this market finds a way to find support and not go out on the lows. Technically speaking the S&P 500 and Dow notched a day of distribution. However, we must discount volume due to yesterday being a holiday. Moreover, the support off the lows certainly...
Stocks inch forward in light Veterans Day Trade
Friday’s job report initial sent stocks lower in fears over a Dectaper. However, a peek into the numbers behind the report eroded the fear and stocks pushed higher. Today’s trade was a continuation of Friday’s meltup in very light trade. Veterans Day volume is...
GDP Surprises to the Upside; Stocks Close Lower despite Twitter’s Debut
A surprise from third quarter GDP with the release showing the economy grew by 2.8%. Expectations were for the economy to grow only by 2%. However, all attention would be on Twitter’s first day of trading over on the NYSE. Just as the stock would open sellers got to...
MSFT breaks out, but NASDAQ and Russell 2000 Lag behind the S&P 500
The NASDAQ and Russell 2000 continue to lag the broader market as the Dow Jones Industrial Average takes on the leadership role. Led by MSFT big breakout the Dow added 128 points finishing higher by almost 1% while the S&P 500 closed with a 7.5 point gain. Volume...
NASDAQ Squeaks out a Small Gain; Volume Jumps
The S&P 500 notched a minor day of distribution as the NASDAQ was able to squeeze out a small gain. Volume rose on the day from Monday’s depressed levels. All eyes were looking at TSLA and its earnings release at the close of the session. On the day, the action wasn’t...
Russell 2000 races higher as Stocks Close higher in Light Trade
There is nothing like a little light volume rally to start the week. The big winner of the day was the Russell 2000 closing with 1.15% gains. Volume was lower across the board, but given today was a Monday it doesn’t come to us as a surprise. Financials and Biotechs...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under a BUY signal across the board as all indexes remain in a strong uptrend with the uptrend coming with above average volume on the Nasdaq. While we have been absent from a weekend report for a couple of weeks now, we remain...
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