COMMENTARY
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...
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...
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