COMMENTARY
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...
Another Late Day surge pushes Stocks higher as Volume disappears
Small caps lead the market higher today rebounding from last week’s losses just ahead of the first quarter earnings season. The market has been finding buyers after 3:30 pm EST and today was no different. Buyers helped push the market to the highs of the session....
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under a BUY signal produced on 3/5/13. The only change to the model is that the Russell 2000 has switched to a NEUTRAL signal. Overall, all other market indexes remain under a BUY signal. There are individual items weighing on...
Another Late Day Rally Lifts Stocks near the Highs of the Session
The S&P 500 continued its yo-yo action finishing in the green today as volume fell across the board ahead of the Non-Farm Payroll figures. Once again in the last 15 minutes buyers stepped up and pushed stocks higher into the close. It has become clock work at the end...
Follow BigWaveTrading
Follow BigWaveTrading on Twitter and StockTwits