COMMENTARY
Economic Data Disappoints as Stocks Slump in Heavy Turnover
Distribution struck the market today with leading stocks taking a big hit as Small and Mid Caps lead the major market averages lower. A disappointing ADP employment figure casted doubt if Friday’s Non-Farm payrolls would exceed expectations. At 10 am EST the ISM...
Small and Mid Caps close lower as the Dow hangs on for Another New High
A late day 15 minute rally helped save the Dow, S&P 500, and the NASDAQ from closing on their lows of the session. Just after the 2pm hour sellers began to sell until the lows of the session at 3:30pm EST when buyers stepped up saving the markets from closing on their...
Small Caps and $AAPL Move Lower as the Dow Ends Flat
Not the best way to start off the second quarter despite the Dow Jones Industrial average closing flat on the day. European markets weren’t open due to the Easter holiday, but Asian markets were. Disappointing economic data hit the tape as the ISM Manufacturing and...
Big Wave Trading Portfolio Update and Top Current Holdings
The Big Wave Trading Portfolio remains under a BUY signal re-triggered on 3/5/13 following the original signal on 1/2/13. There are currently zero conditions weighing on the model, despite the below average volume. Any assumptions and presumptions we have towards the...
Stocks Close the Quarter Higher Despite Disappointing Economic Data
The market was hit with disappointing GDP and Jobless claims figures prior to the market open. Then again just after the open with a very disappointing reading from the Chicago PMI. Despite the disappointing economic reports the market as able to find enough buyers to...
Stocks Claw Back after European Stocks Fall Hard
European stocks fell hard on Cyprus fears and continued economic slump the Southern Europe states are in. Cyprus, Italy, Spain, and now Slovenia are in the midst of falling stock markets and higher cost to insure debt. Pending home sales were slightly disappointing,...
Home Prices Jump as Stocks End in the Green in Extremely Light Turnover
Early morning economic news did help the market at the open. However a disappointing consumer confidence, Richmond Fed, and New Home sales figures did halt the enthusiasm. Europe continued to remain in no man’s land with Spain leading the market lower. If I had to...
Cypress Bailout Dominates Headlines as the Market Cools
This uptrend is hanging by a thread, but continues to find just enough support to halt any correction. It is very easy to blame the Dutch Finance Minister even after clarifying his statement. However, even after clarifying his statement the market still couldn’t find...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under a BUY signal, as the market consolidated recent gains the past week. Volume was lower overall for the week and that is always bullish for a continuation of a trend. Unfortunately, when the market rallies it rallies on below...
Stocks Pull back as Volume Rises on the NASDAQ
European markets were dealt with poor flash PMI data with France flashing a very weak PMI figure. Futures were set to open lower ahead of the 830 data release. Despite a better than expected Jobless claims figure and inline housing price index futures simply couldn’t...
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