COMMENTARY
Fed Kicks off Quantitative Easing Part Four; Market Sours
The long awaited final Federal Reserve meeting of 2012 initial was celebrated, but the cheering did not last into the close. If quantitative easing parts one, two, and three weren’t enough the Federal Reserve announced a new round of asset purchases. More importantly...
Stocks Stage a Big Rally, but Hit Some Resistance
The S&P 500 and Russell 2000 found very little resistance at last week’s high as the NASDAQ backed away from its high of last week. Volume was strong, but the market could not find enough buyers to clinch a true follow-through day. We continue to operate without a...
Dull Day on Wall Street; Volume Slides Again
The only excitement of the day occurred just before the eleven o’clock hour with the market pushing to break out from last week’s high. Volume was running below average, but price action appeared to be strong. However, just prior to the breakout we saw sellers step up...
Big Wave Trading Portfolio Update And Top Current Holdings
It was a very uncorrelated market the past week with the Nasdaq falling 1%, the DJIA rising 1%, and the Russell 2000 coming in flat. Overall, nothing has changed in our model and we remain under an overall NEUTRAL condition. Despite being under a current NEUTRAL...
Volume Drops as AAPL Finds Support; EURUSD Gets Hit Hard
Major averages close in the green with a late day surge, but volume slides. Buyers were out early pushing the market to the highs of the session before the lunch hour. Unfortunately, the highs weren’t to be seen again. Volume slide noticeably on the NYSE and modestly...
AAPL Suffers as C and BAC Enjoy Big Moves
A wild day on Wall Street as stocks stage an intraday reversal only to give back gains at the close. Once again the market was ready to fall apart and we were able to find buyers at the lows. AAPL tumbled hard while BAC and C raced higher. The market liked these two...
NFLX Soars on Deal as Stocks Close Lower
Another wild intraday session for the markets, but were unable to close in positive territory. Trading volume on the NASDAQ ended higher, but ended lower on the NYSE. The big news on the day was NFLX inking a deal with DIS on content. The stock raced higher lifting...
ISM Shows Manufacturing Contracted as Stocks Reverse and Close in the Red
In a surprise to the market data out of ISM showed the manufacturing sector contracted waking up sellers pushing the market lower. The market gapped to the upside with the hope the economy wasn’t in that bad of shape with Europe and China’s PMI data. At the open the...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading portfolio remains under a NEUTRAL signal, despite the strong gains this past week in the stock market. The gains from last week were very strong but it came from a very oversold condition and was straight up in a V-shaped formation backed by zero...
Expected Versus Actual Volatility
For the month of November actual volatility jumped to levels not seen since May despite the VIX moving lower for the most of the month. Make it a great week!
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