COMMENTARY
Stocks Close well of the Highs of the Session
The S&P 500 and Dow Jones Industrial average were both rejected at their respective 50 day moving averages despite better than expected ISM Manufacturing data. At 10 am the market received better than expected manufacturing data helping the market to jump to the...
Big Wave Trading Weekend Portfolio Update And Top Current Holdings
It was a great week the past week on Maui and a good week overall for the stock market. The market did rally the past week but all the action came on below average volume until Friday when EOQ and EOM trading took over. As we know by now, from 1850-2008 this would be...
NASDAQ retakes key Moving Average as Volume ends Mixed
During the early morning the market was given a dose of economic news coming in mostly inline with expectations. Pending home sales were much better than expected, but the Kansas City Fed manufacturing index contracted coming in well below expectations. Given the...
Stocks End Higher as Volume Falls for the Second Straight Day
Despite a weaker than expected first quarter GDP reading the markets rose on the day. Bond yields pulled in after reaching yields above 2.6% on the 10 year US Treasury note. Today was day two of an attempted rally and the S&P cleared a key level increasing the odds...
Stocks Rebound after Monday’s Sell-Off
Rebounding from Monday’s sell-off stocks were able to close higher. Volume fell across the board despite the gains. Better than expected economic data did help kick off the morning, but sellers took to the market early and often pushing it nearly too breakeven....
Shanghai Drops more than 5% sending World Markets Lower
Despite an impressive move off the lows just after the lunch hour the final hour of trading was won by sellers. Closing off the highs of the session major markets with the exception of the Dow were down more than one percent on the day. Volume simply could not compete...
Big Wave Trading Portfolio Update And Top Current Holdings
I am on my way out for the weekend as it is the summer solstice and a super moon weekend. Before I take a trip to Hana, I wanted to give a quick recap of the past week. The past week was the most unusual week since 2001 as for the first time in 12+ years our model did...
Stocks Drop as Volume Soars
The Federal Reserve remained the focus of many traders and pundits arguing over whether or not the Federal Reserve should taper or not. Meanwhile, sellers got to work and pushed the market lower for majority of the session. Even a last second effort by buyers was...
Fed Day Turns Nasty as Stocks Fall on Bernanke’s Policy Decision
What a volatile day it turned out to be with stocks gyrating after the FOMC policy announcement only to close at the lows of the session. Stocks were lower ahead of the announcement as many feared the Fed would inject into the statement regarding tapering bond...
Stocks Close Higher ahead of the Fed
Anticipation of the Fed tomorrow is tremendous as traders position themselves ahead of tomorrow’s policy announcement. On the economic front today weaker than expected housing data failed to halt the rally in homebuilding stocks today. Homebuilding ETFs regained their...
Follow BigWaveTrading
Follow BigWaveTrading on Twitter and StockTwits