COMMENTARY
Stocks Resist Selling Finish near the Highs of the Day
A dose of negative economic news helped embolden sellers during the first half of the trading session. However, sellers would lose their momentum and the market would regain strength pushing well off the lows of the day’s gains. After Friday’s late day plunge the...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Directional Model has switched from a BUY signal to a NEUTRAL signal, following the final hour of action during Friday's stock market session. The vicious sell off on Friday, combined with the churning and distribution days adding up this month,...
Last Half-Hour Sell-Off Trims Day’s Gains
Slightly disappointing economic numbers failed to trip up the market at the open. GDP came in slightly below expectations and jobless claims were disappointing. Volume rose on the NASDAQ by a hair and dropped over on the NYSE. Plenty of stocks are holding up including...
Distribution hits the Market despite Banks moving higher
Void of economic data early morning futures were lower on the back of European stocks and Nikkei futures moving lower. Volume started the day mixed, but gained momentum throughout the session. Even though today’s session was a technically a distribution day we were...
Stocks Finish Higher as Volume Jumps above Average
Tuesday’s continues to be the day to be long stocks. The Dow is now 20 for 20 since January. This morning’s economic reports pushed stocks higher as the Case-Shiller index and Consumer Confidence indicators beat expectations. An intraday selloff tainted the day’s...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under a BUY condition, despite the harsh sell off this past Wednesday. During such a strong uptrend with the averages constantly riding the 5, 10, 20, and 50 day moving averages higher, it will take more than a one day sell off...
Russell 2000 Escapes with Gains as the Market Finishes well off its Lows of the Session
It all began in Japan where the Nikkei hit an all-time high only to end its day lower down by more than 7%. Selling swept the globe where Europe was hit hard, but it was the United States market to see some resiliency. A better than expected Jobless Claims figure did...
Stocks Fear the Taper End Lower as Volume Swells
It was about time we saw the market close lower on heavy volume. At one point the Dow Jones Industrial Average was up more than 155 points. The market was clearly focused in on Ben Bernanke’s testimony and prepared comments then it would turn its attention to the...
Turnaround Tuesday lives up to its name as the Dow leads the Market higher
Void of economic releases the market did get showered with more than $3 billion in asset purchases from the Federal Reserve. A hiccup in the morning was quickly support as the Federal Reserve Open Market Operations flooded the market with fresh new cash. Over Europe...
In a rare move Stocks end lower; Gold and Silver find their Footing
Heading into the week the US market once again watched the Nikkei continue to move further into the stratosphere. Futures were pretty anemic heading into the trading session today. Overnight news focused on the plunge in precious metals as Silver and Gold were hit...
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