COMMENTARY
Stocks Pullback in light Volume as the Market trades in a Tight Range
Today was largely an uneventful day as volume was well below average and well under Friday’s level. Sellers continue to be on vacation as buyers were able to lift the market into the close. AAPL was the talk of CNBC, but the stock remains in no man’s land despite the...
Weekend Update: Short-Term Trends
One change in SLV as we have switched back to an uptrend. TICKER ST TREND CHANGE DATE CLOSE % SPY UPTREND NO CHANGE 2/8/2013 151.80 0.56% IWM UPTREND NO CHANGE 2/8/2013 90.80 0.71% QQQ UPTREND NO CHANGE 2/8/2013 67.99 1.03% USO UPTREND NO CHANGE 2/8/2013 34.70 0.06%...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under a strong BUY signal from 1/2/13. There remains absolutely zero indications, via price action, that there is anything to do but ride the trend higher here. Despite the constant discussions of what is wrong with this rally...
AAPL Drives Stocks Higher at the Close as Volume Slips
The Bank of England and European Central Bank kicked off the day with holding their rates steady. Neither rate announcement spurred much movement the reaction by the EURO certainly kicked off selling in the US markets sending the US markets to their lows of the...
NASDAQ Lags as S&P 500 Ends Flat as Volume Slides; European Woes continue
Overnight the Nikkei jumped 3.8% as the country remains hell bent on trashing their currency. Europe resumed moving lower as the DAX fell more than 80 points. On this side of the pond futures were lower on the moves in Europe. Just before lunch time rumors of a...
Stocks Rebound from Monday’s Losses on Higher Volume
The market quickly erased majority of Monday’s losses in one session. Volume rose across the board from Monday’s level. Monday’s have been for quite some time light volume days and higher volume kicking in today was not a surprise. Banks led the way while Small caps...
European Fears Renew as Stocks Fall; VIX Jumps
Europe kicked off the selling with Spain and Italy taking on the brunt of the selling. The DAX fell 2.5% as the index fell in heavy volume erasing last week’s gains. Volume on the state side fell, but Monday’s have been light in general. Technology stocks led the...
Short-Term Trends Update
One change in trend from Friday in GLD as the short-term trend indicator has flipped to downtrend. We may think the efforts from the FED should have GLD flying high, but we obey price. FXY remains in free fall. Keep an eye on the Fed at this point no one really is...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under strong BUY signals across the board. While we still hate the relationship between volume and price, we realize it simply does not matter in a world where printing currency is the modus operandi. With that being the case,...
Stocks Close Lower on increase Trade as Stocks Close out a Big January
A bigger drop in initial jobless claims did very little holding buyers back in the early going. Stocks would hit their high for the day just after the opening bell. Volume ran higher throughout the day even before the end of the month rebalancing took place. QCOM...
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