COMMENTARY
Dow Lags as Volume Drops
A light volume affair on Tuesday as traders await Powell’s testimony. While we have yet to hear news of a deal between China and the US the focus has been on a rate cut. Will the Fed cut rates at their next meeting or not. A trade deal with China would all but put to...
Stocks Begin Weak in the Red; Powell Speech in Focus
Monday’s session saw a day of distribution with volume higher on the NYSE and NASDAQ. Russell 2000 followed by the NASDAQ Composite led the market lower. Not the way you want to start the week with distribution but given last week’s holiday shortened week volume was...
A Stronger than Expected Jobs Report Casts Doubt on Rate Cut
An unexpected jump in June Non-Farm Payrolls while positive reduces the possibility of the Fed cutting interest rates at their next meeting. Friday’s market saw SPY and QQQ end the day on the negative side of things while IWM closed strong in the green. Early Monday...
Stocks Advance as Gold Continues its March Higher
SPY hit a new all-time high yesterday as QQQ knock on the door. IWM slipped yesterday, but overall the market continues to push higher. Volume was light and this is expected as we head into the 4th of July holiday. Earnings season is around the corner too, keep this...
Deal or No Deal?
Over the weekend China and the US agree not to slap additional tariffs on each other’s goods as the two sides continue to negotiate a trade deal. Futures across the board are higher as a result as we head into the week. Friday we say small caps move higher leading the...
Small Caps Reclaim Major Moving Averages; Dow Slips
Today we will see the Russell family of indexes reconstitute. The Russell Rebalance event is a yearly even where all the Russell family of indexes rebalancing. We will see a massive amount of volume flood the markets at the end of the day as institutions adjust their...
Stocks Fall as Worries Mount
Once again, we are at a familiar spot with this market. Worries over trade and the Fed have piled up. The real issue is whether a trade deal with China will get done. During Tuesday’s trading session we heard the Fed was not to be used as a short-term political policy...
Small Caps Continue Their Slide; G20 Nears
Another bad day for IWM as it fell more than 1 percent in heavy volume. Traders and Investors alike are selling down their exposure to Small Cap stocks. QQQ and SPY held up relatively well and continue to consolidate their recent gains. Volume on the exchanges fell,...
Small Cap Stocks Remain Sluggish as Stocks End Lower
Once again Small Caps stocks as measured by the Russell 2000 had a difficult time Friday lagging the broader stock market. After hitting an all-time high on Thursday SPY has stumbled a bit. QQQs have yet to reach its all-time high set back in April. This rally has...
Stocks Rise Again; Small Caps Lag
Another day of gains for the stock market as buyers rush back into stocks. Volume was higher on the NYSE as well as the NASDAQ. The Russell 2000 lagged behind for the session as traders continue to flock towards larger cap names. We would very much like to see traders...
Follow BigWaveTrading
Follow BigWaveTrading on Twitter and StockTwits