COMMENTARY
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...
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...
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