COMMENTARY
Stocks Take a Breathier end the Day Near Session Lows
Small cap stocks led the market lower today in lower trade. Jobless claims fell below 300,000 for the first time in a long time! Perhaps it is a reflection of a shrinking workforce than job growth. Import prices fell more than expected. There wasn’t too much...
Dow Jones Industrials Shine; AAPL Weighs Heavily on NASDAQ
After yesterday’s sell-off following AAPL’s event sellers punished the stock once again sending shares down more than 4% weighing on the NASDAQ. On the bright side the Dow Jones Industrial average was up more than 135 points leading all major market averages....
Above Average Volume sends the NASDAQ to 13 Year Highs; Russell 2000 Leads
While the market awaits a follow – through day we continue to enjoy superb gains. Small cap stocks led today followed by the Dow Jones Industrial average. Volume was up across the board and was above average. A very good sign regarding the health of this stock market...
S&P 500 Retakes its 50 Day Completes 5 Day Winning Streak
Today was another strong performance from our stock market leaders and overall stock market. Volume unfortunately did not accompany today’s move, but given individual stock moves volume is secondary. It is nice to see gains from market leaders especially when they are...
Big Wave Trading Portfolio Update And Top Current Holdings
Aloha everyone. The Big Wave Trading model is in a mixed variety of signals, with the Nasdaq currently under a BUY signal, the SP500 and Russell 2000 are under a NEUTRAL signal, and the DJIA is under a SELL signal. It is not too often you will see us under all three...
Market Awaits Non-Farm Payrolls after Positive ISM Services Report
After two days of sizeable gains the market just did not have enough steam to continue the march higher. ADP employment report was lower than expected, but on the positive side Factory Orders and ISM Services were better than expected. Despite the better than expected...
Syria Headline Clips Gains; NASDAQ Shines as Volume Rises
Another day and another missed shot at a bona fide follow-through day. However, given the volume surge in the NASDAQ and its ability to clear/hold yesterday’s high things are brighter than they may seem. The Fed’s Beige Book release did little to stock movement, but...
Obama Beats the War Drum; Stocks have Gains Cut
Out of the gate the market was higher as market participants dragged themselves back from a long weekend. Summer is now over, unofficially and perhaps volume overall will come back into the market. Volume did jump over Friday’s end-of-the-month volume surge at the...
Big Wave Trading Portfolio Update And Top Current Holdings
I hope everyone is having a wonderful Labor Day weekend of sun and fun. The market isn't quite enjoying the summer sunshine as our models remain in SELL modes on all indexes outside of the Nasdaq which remains under a NEUTRAL condition. There are bright spots out...
Stocks Post Second Straight Day of Gains ahead of the last Trading Day of the summer
A better than expected GDP revision helped boost traders’ morale as stocks found support at the morning lows. However, the party would not last for the entire day as sellers once again was able to limit the gains on the Dow and S&P 500. Small caps stocks and the...
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