COMMENTARY
Dollar Falls and Stocks Shake-off Intraday Sell-Off
Shaking off a late morning sell-off the market was able to rebound closing near the highs of the session as volume pushed higher on the NYSE, but flat on the NASDAQ. The EURO raced higher after comments from the ECB rate announcement pushing down the dollar index....
Stocks Continue to Consolidate while BAC Stumbles
The morning kicked off with the VIX hitting 6 month lows and a BAC downgrade. BAC was unable to recover from the downgrade, but the VIX was able to lift off its lows. Market leadership continues to act well despite the market’s consolidation. We continue to see the...
Stocks Pull Back ahead of Earnings Season
For the second day in a row stocks have pulled back, but volume was higher today giving a day of distribution. Today’s distribution is not something to fret over unless we have a few of them strung together. So far so good for the start of 2013 and given the...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Model returned to a BUY signal across the board, following the resolve of the Fiscal Cliff. The gap up was powerful and very strong. The strength was broad, volume was well above average, and breakouts were everywhere. On top of that, the price...
Stocks Rally to Close out the Week despite Lower than Expected Job Growth
The market was able to shake off a disappointing jobs figure on Friday morning failing to print 200,000 jobs. AAPL was another loser on the day slipping more than 2% weighing down the NASDAQ while the S&P lead by banks and energy was able to push higher. Banks...
Stocks Rally Hard Ringing in the New Year after Fiscal Cliff is Avoided
Congress was able to pass a Fiscal Cliff deal solving a crisis they themselves created. Regardless, the market blasted higher closing strong with volume higher than Monday’s session. Mid-day stocks did appear to falter a bit, but the close is where buyers began to...
Stocks End the Year in the Green on Hopes of a Fiscal Cliff Deal
US going Cliff Diving Unless Congress can Pass a bill prior to Mid-Night Led by AAPL and the NASDAQ stocks were able to shake off opening lower closing above Friday’s high. Ending the year the S&P 500 ended with gains of 13.4%. Last year at this time AAPL was just...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Model is under a mixed bag of signals as US stock indexes are all doing something different. The Nasdaq is back to a NEUTRAL signal as it has undercut its 50 and 200 DMA. However, it is not switching to a SELL signal due to the low volume on the...
Stocks Find Hope in House Returning to the Hill on Sunday
The market was headed for a big fall in the early afternoon with the VIX soaring above 20 points for the first time since July. Then news of the House of Representatives coming back to the hill on Sunday sent the robots into action pushing the market back to...
US Retail Sales Slump as Stocks End Lower
The market cannot escape the Fiscal Cliff saga, but was dealt a negative blow with US retail sales slumping. Sales were the worse since 2008 and the market did not take too kindly to the news. Stocks were able to sneak out gains at the open. Case-Shiller home prices...
Follow BigWaveTrading
Follow BigWaveTrading on Twitter and StockTwits