COMMENTARY
$SLCA Secondary Proves Too Much as the Market Pulls In
$SLCA has been a leading stock in this market rally. After the bell yesterday the company announced a new share offering and supply of the stock is proving to be too much for the stock at the moment. The broad market is pulling back in heavier trade. We are tracking...
Industrials hit more Highs but Volume Drops again
For the 7th straight day the Dow Jones Industrial Average closed higher. Volume fell across the board, but this is normal for this uptrend and Mondays. VIX fell to new lows as buyers continue to show extreme complacency. AAPL reversed off its lows in the afternoon...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Model switched back to a BUY mode on 3/5/13 following a switch to a NEUTRAL mode on 2/25/13. The switch to NEUTRAL on 2/25/13 in our analysis of over 130 years of stock market history should have not switched back to BUY mode so quickly. The price...
Stocks continue to hit New Highs but Volume ends Mixed
Better than expected Jobless Claims figures helped start the market off in the green. Around the globe markets lifted on continued hope endless money printing will assist in ushering in economic growth. Volume ended mixed with NYSE volume expanding while the NASDAQ...
Dow and S&P 500 End Higher for the Fourth Consecutive Day
A positive reading from the ADP employment survey helped fuel stocks early pushing the Dow further into all-time high territory. BAC helped push the Dow as the stock aims to hit new highs on strong volume. By mid-day the markets were off their highs awaiting the...
Stocks Jump to New Highs as Dow Closes at Historic Highs
A better than expected ISM Non-Manufacturing reading on the back of strong new orders helped push the market to the highs of the session. Volume expanded on the day a good sign for the markets as the NASDAQ had a follow-through day. AAPL reversed its downturn heading...
GOOG and AMZN lead the Market higher Despite Light Volume
Stocks moved higher despite the Shanghai dropping 3.65% as the country tries to solve its real estate issues. Intraday volatility continued, but stocks were able to find their footing after the lunch hour. Lows were set just after noon time and did not look back....
February closes on a Sour Note with Stocks Selling off in the Final Hour
Despite a disappointing GDP reading of .1% the market was able to climb near their respective highs. The Dow Jones Industrial average came within 16 points of an all-time high before experiencing a late day sell off. End of the month rebalancing shot volume up by the...
Volume Slides but Stocks Soar as the Dow Retakes Monday’s High
Headline durable goods orders disappointed, but pending home sales excite buyers. The Dow Jones Industrial Average recouped Monday’s high while other indexes close just below. Volume dropped 10% from Tuesday’s level suggesting institutions weren’t out accumulating...
Stocks Rebound but Volume Falls
Positive economic data fails to lift stocks initially as the market focuses on Bernanke’s testimony. Europe continued to succumb to the Italian problem. Volatility dropped after jumping 34% yesterday, but despite the market rebounding volume did not follow. Monday’s...
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