COMMENTARY
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!
Another Wild Intraday Session as the NASDAQ Closes Green for the 8th time in 9 Days
The market has become quite an interesting beast as of late with wild swings on every press conference DC makes. First Boehner’s comments sent the Dow down 50 points in a split second only to recover after Reid and Schumer respond. Nancy Pelosi was kind enough to wait...
Fiscal Cliff Comments Set Off a Massive Intraday Reversal Sending Stocks Higher
Sellers were enjoying the day until comments from Speaker Boehner on the Fiscal Cliff negotiations. President Obama followed up just before noon time with similar remarks. The market was diving to new lows, but the comments spurred buying. We can argue it was High...
NYSE Posts Second Day of Distribution as Reid Signals Congress Still Can’t Get its Act Together
For the second day in a row the Dow Jones Industrial Average, S&P 500, and the NYSE Composite posted another day of distribution. It is an ominous sign for a newly developed rally to post back to back days of distribution after a follow-through day. Positive economic...
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