COMMENTARY
Another Day of Gains as AAPL Drops; CSCO Surges in After-Hours
A late day rally helps push the markets higher as volume expands across the board. AAPL and GOOG have completely gone in different directions as GOOG hit a new high as AAPL dropped below its 50 day moving average. Many will search for the “why” AAPL dropped, but all...
Turnaround Tuesday Sends Stocks Higher as Trading Volume Jumps
The Dow closed higher on Tuesday for the 18th straight week moving higher by more than 100 points. Leading the market higher was the Russell 2000 jumping more than 1.25%. S&P 500 gained more than 1% while the NASDAQ lagged finishing higher by .69%. Surprisingly the...
Market Pundits Debate the end of QE while Stocks Close Mixed
A better than expected seasonally adjusted retail sales figure helped push futures off their lows prior to the market open. Volume was lower on the session staying true to form as far as Monday trading sessions go. The market did not get the benefit of POMO today, but...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolios remain under a full BUY condition as we head into the upcoming week. There are currently zero items weighing on the model currently and it is not our job to try to guess when and if there will be any in the future. The trend continues...
A Last Minute Kick Save lifts the Markets off their Lows as USDJPY Pushes above 100
A better than expected jobless claims figure failed to inspire buyers to hold stocks in positive territory at the start of the game. A weak wholesale inventory report sent sellers rushing into the market only to be saved once again by the Fed’s Permanent Open Market...
Stocks Advance as Volume Swells
The lone economic piece of data for the US was Mortgage Applications showing a 7% gain. Economic data will be light for the rest of the week excluding tomorrow initial jobless claims figure. Commodities pushed higher as gold and crude led the way higher. The dollar...
Stocks Advance Again Volume Jumps
Tuesday’s has been very profitable for the market accounting for 70% of gains and today wasn’t any different. Overnight the Nikkei 225 gained more than 3% as the Bank of Japan executes its QE program. If the Federal Reserve were to match the rate at which the BOJ is...
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...
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