COMMENTARY
Stocks Lift Higher as Volume Disappears
Led by MSFT the NASDAQ led the market higher. Existing home sales disappointed, but the disappointment wouldn’t last very long. Buyers did not have much resistance as sellers weren’t putting up much of a fight. Volume was light even with the solid price gains. MSFT...
Big Wave Trading Portfolio Update And Top Current Holdings
Due to the distribution this week in all of the major market indexes, the breakdowns in leading stocks, and constant lagging in the Russell 2000, the market direction model has switched to NEUTRAL on all major market indexes. The short-term current market environment...
Stocks Drop Again but Volume Slides as AAPL’s Slide Continues
Economic data was on the weak side today with Jobless claims, Philly Fed, and Leading Indicators all came in worse than expected. Despite the negative economic news the market was able to push into positive territory. The time spent in the green would be temporary as...
Volume Jumps and Stocks Fall Ending the Market’s Uptrend
The NASDAQ Composite loses its 50 day moving average on heavy volume. AAPL and GOOG lead the NASDAQ 100 lower as the big cap technology closed down 1.99%. Commodities followed stocks lower with copper and other metals leading the charge lower. The Federal Reserve’s...
Volume Disappears as Stocks Recoup Majority of Monday Losses
In fine QE fashion stocks rebound in very light trade. Positive housing data did help the market even though growth came from multi-family homes. Industrial production grew at a faster pace than expected. Today was the first time we had economic data come in better...
Gold Plunges to New Lows; Stocks Fall Hard
Sunday night the market digested disappointing data from China showing their economy growing slower than many had previously thought. Gold and silver continued to decline after last night’s fall closing near the session lows. Two economic reports were released States...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading portfolio remains under a BUY signal which was regenerated on March 5th. The Russell 2000 was the only index under a NEUTRAL condition heading into the most recent week but has now re-switched back to a BUY mode as well. Overall, following this...
Stocks Extend Gains Closing Higher for the 4th Straight Session
This week has favored the bulls as the market closed higher with gains for the fourth straight session. Volume ended mixed falling on the NYSE while running higher on the NASDAQ. A report on PC sales sent the likes of $MSFT, $INTC, and $HPQ lower putting pressure on...
Stocks Breakout to New Highs
A hiccup at the Federal Reserve led the central bank to release their latest meeting minutes at 9am EST. Despite several members favoring tapering the money printing operation by mid-year the market took off. Leading the charge was the NASDAQ, but on the Russell 3000...
$MSFT and $FSLR Lead the Market Higher
Unable to hang to the highs of the session stocks finish higher as volume jumps over Monday’s depressed levels. Wholesale inventories jumped more than expected in the month of February throwing a kink into first quarter GDP. Breadth on the NASDAQ ended in favor of the...
Follow BigWaveTrading
Follow BigWaveTrading on Twitter and StockTwits