COMMENTARY
NASDAQ and S&P 500 Extend Friday’s Gains
There wasn’t much fanfare in today’s market without any US economic data. In fact, this week will be quite a bore for those who thrive on economic data. AAPL gained more than two percent as the stock has moved off multi-year lows. BAC vaulted 5% on very strong volume...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio is back under a full BUY signal across the board as all major market indexes are hitting new 52-week highs with the SP-500 hitting new all-time highs. The model was in a NEUTRAL pattern coming into the week but on 4/29 the Nasdaq and...
Jobs Report Surprises to the upside while ISM and Factor Orders Disappoint
Yesterday’s action was not expected, but not surprising either given our current market environment. Low volume rallies have been the norm for the market and especially at new highs. The market was able to shrug off the selling pressure after the FOMC announcement to...
Stocks Dive on FOMC Statement and Weak ADP report
Small cap stocks lead the entire market lower as the market didn’t respond well to the FOMC’s statement. At the beginning of the day the ADP employment report disappointed showing weak job growth for the month of April. ISM manufacturing did surprise to the upside,...
Stocks Advance Ignoring a terrible Chicago PMI reading
Closing out the month of April stocks were able to go out on a green note. Volume was hot throughout the day and did not need the surge of volume at the end of the day to eclipse Monday’s level. What is normal for this market is for us to see volume not accompany...
New Highs on Low Volume as Traders look ahead to the Fed Meeting Beginning Tomorrow
Another new high set by the market despite uninspiring economic data. Personal savings rate hit a new low as incomes could keep up with spending. In addition, the Dallas Fed survey dropped well below expectations. The Federal Reserve has been pumping billions into the...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under a NEUTRAL condition, following this week's action. While the price action was very strong with many stocks producing large moves, the overall indexes are still trapped in a trading range between their respective recent...
NASDAQ Closes Positive for the Fifth Straight Session
In just 5 days the market has been able to regain almost all of the prior week’s loss as volume jumps on the day. Jobless claims were better than expected helping boost futures. The only other economic release was the Kansas City Fed Manufacturing Index and it...
Dow ends win streak; Small caps lead the market higher
The market kicked off with a very disappointing Durable Goods reading, yet the S&P 500 and NASDAQ were able to finish just above the flat line. Volume inched higher on the session with the Dow Jones Industrial Average notching a distribution day. PG and T were the two...
Stocks Extend Gains for Third Straight Day
Early morning rally from European markets albeit on continued economic weakness helped fuel early morning gains in US Futures. China didn’t help matters with a disappointing Flash PMI reading with the Shanghai falling 2.6%. US economic data didn’t surprise to the...
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