COMMENTARY
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...
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...
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