COMMENTARY
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...
Bullish Sentiment Prevails and Stocks Push Higher in Mixed Trade
Jobless claims disappointed the market, but they wouldn’t hold back the Dow Jones Industrial Average from gaining 90 points on the session. Also on the negative economic news front Markit Preliminary PMI for the US printed lower than the expected 52.5 reading at 51.1....
S&P Closes at another All-Time High; Bonds Rally
We finally go the September jobs report showing a measly 148,000 jobs were added to the economy. The unemployment rate dropped from 7.3% to 7.2% despite the labor force participation rate held steady. At 10:30 the NASDAQ and momentum leaders were hit hard by a sell...
Stocks End Flat as Earnings take Center Stage
Coming off last week’s tremendous gains the market took a slight breather today. AAPL a big winner on the day helped the NASDAQ close in positive territory, but there were very few large movers as many stocks were digesting gains. NFLX another winner of the day soared...
New All-Time Highs for S&P 500 as Volume Jumps
Overnight the bill to advert default was signed by President Obama giving 90 days till another fiasco. The market cheered as the S&P 500 hit fresh all time highs closing 1733.15. The winning index on the day was the Russell 2000 closing higher by .9%. Volume...
Dow Leads Closing up 200 points while VIX is taken to the Woodshed
Overnight news of a deal helped fuel optimism in the markets pushing futures higher. Buying started just after 9:45 as if it knew the Senate had come to an agreement on a bill. However, highs would be set before noon time and stocks coasted into the close. The House...
Volume Jumps as the US Nears Debt Deadline
We continue to see this market digesting every single headline coming out from Washington. It appeared earlier today the market was about to rocket to new highs, but sellers jumped all over the chance to sell this market down. By the end of the session we still didn’t...
Optimism over Debt Deal Continues to Grow; Stocks Finish Near Highs
Despite CNBC’s best efforts to create massive fear stocks continue to shrug off any attempt to sell-off in front of the possible US default. From the open buyers pushed the market higher throughout the day, even pushing the Russell 2000 to new all-time highs. So much...
Hopium Spreads; Stocks Jump Higher
This morning stock futures were given news of a potential short-term debt ceiling deal from republicans and futures reacted quite positively. A poor jobless claims figure was released and while it showed more claims were put in the data was skewed due to a technical...
NASDAQ and Small Caps remain weak; Dow Jones Closes in Positive Territory
A mixed day on the street as the US Government remains in shut down mode. It appears the street can’t figure out when the Government will actually default and it has caused some confusion amongst traders. The good news on the day was the market was able to close above...
Follow BigWaveTrading
Follow BigWaveTrading on Twitter and StockTwits