COMMENTARY
Taper Trips up Rally, Stocks Close Higher as Volume Expands
A positive sentiment report from the National Association of Home Builders (NAHB) helped propel stocks to the highs of the session. Prior to the NAHB report the Empire Manufacturing index jumped more than expected. However, a deeper look into the report showed some...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under a NEUTRAL condition, following a week of choppy price action. The overall market continued its choppy trading the previous week with neither the bulls or bears asserting any real directional power. The bottom line is that...
Stocks Rise with Volume Snapping the Dow’s First 3 Day Losing Streak of the Year
Despite the Nikkei’s 6% drop overnight US stocks were able to find buyers pushing Major Market Averages higher by more than 1.2%. The Dow snapped its first 3 day losing streak of the year. S&P 500 tried to close above yesterday’s high, but stopped short. Overall, the...
Stocks Fall as Traders Fear the Taper
An early morning gap higher on a big turn around in the Nikkei quickly faded into a sellers’ paradise. This market was trading without any excuses from an economic standpoint. We’ll wait for tomorrow’s release of retail sales and initial jobless claims. This market is...
Markets Close in Lower half of the Day’s Range as Volume Jumps
Failure of the Bank of Japan to signal even more stimulus sent the world markets into a selling frenzy. Initially, buyers were able to push the market well off its low and at one point pushing the Dow into positive territory twice! A weak 3 year Treasury note auction...
Small Caps lead with Gains as Industrials and S&P 500 end flat
A very uninspiring day as the market digested gains spawned from a two day rally to close out last week’s trading. Volume ended the session lower across the board. Typical for a Monday in this market as traders await Turnaround Tuesday. Homebuilders were exceptional...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under a NEUTRAL condition but did see the model switch to a cosmetic-SELL mode on Wednesday only to be flipped right back to NEUTRAL on Friday. This quick flip-flip was not shocking on a discretionary basis as the signal...
Turnaround Day moves to Thursday ahead of the Jobs Report
The US Dollar took a plunge during the session, but the move failed to keep stocks down for long. By early afternoon the stock market found its footing and pushed higher closing at its highs for the session. Volume rose on the NYSE, but fell on the NASDAQ....
ECB Fails to Inspire Prior to Market Open Stocks Look for Direction
Yesterday’s sell off left many bulls left scratching their heads. But the Dip mentality continues to be the favored investment approach for those who are on CNBC. Our approach is much different and it is not left up to guess where one should enter. The failure to hold...
Stocks Fail to Convert on Turnaround Tuesday falling on light Trade
For the first time in 20 tries the Dow Jones Industrial Average fell on a Tuesday. Volume came in considerably from Monday’s level, but institutions weren’t keen on bidding up US stocks on volume following through on Monday’s gains. The market appears to be awaiting...
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