COMMENTARY
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...
October Comes to a End, Stocks Close Lower
S&P 500 closes the month with nearly 5% in gains despite a government shutdown. Volume was up on the day as end-of-the-month shenanigans elevated turnover. It appeared the market was going to close higher, but late day sellers spoiled the fun. The Dow Jones Industrial...
Federal Reserve stays firm; Stocks Stumble
All eyes were fixated on the FOMC release of their most recent meeting. Heading into the meeting stocks were off their highs of the session. Volume was running lower as many institutions and traders were simply waiting on whether or not the FOMC would announce a...
Stocks do it again, Close Higher
Once again the market was dealt with less then stellar economic data. PPI and Retail sales were disappointing with Retail Sales at an unadjusted rate of -9%. Early in the trading session, but once again buyers were able to use the newly found liquidity from the...
Chinese Stocks Dive as the General Market Closes Mixed; AAPL Earnings Eyed
More disappointing economic data hit the market prior to the market open and after. An initial effort by sellers pushed the market to its lows, but by 11am buyers found their way armed with more than 5 billion in stimulus from the Fed’s POMO. Even as buyers found...
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