COMMENTARY
Stocks Fall Again as Fed Hints at More Asset Purchases Next Year
Despite CSCO and ANF gapping higher the market could not overcome selling. Once again volume jumped on the day as Institutional Investors dumped stock on the market. We did see some movement from the VIX, but the fear index remains tame under 20. Selling picked up...
CSCO After-Hours Action Helps Take the Sting off the Day’s selling
The beginning and end of day action were quite the opposites today. Clearly institutions were selling hard in the final hour pushing stocks back to near session lows. Nothing is surprising in this market, but when you have the market getting support only to be sold is...
Stocks Celebrate Veterans Days with Light and Lackluster Trade
Volume and the VIX were the two biggest stories of the day. The Bond Market was closed due to Veterans Day, but it would have been just as well if the Stock Market was closed. According to Investor’s Business Daily volume was down almost 61% on the NYSE. Over on the...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under a SELL signal on the Nasdaq, SP 500, Russell 2000, and Dow Jones Industrial Average. We have trend following signals working on some ETFs and leveraged ETFs in the stock and option market and will be looking to add to these...
For the Second Consecutive Day the Market Closes in the Red
Another day of selling hits the markets, but at least we did not see the high volume Wednesday ushered in. The NASDAQ dove below its 200 day moving average yesterday and the S&P 500 joined the club today. While both indexes appear to be in free fall mode the VIX index...
Stocks Fall Hard as Obama Wins White House and Fiscal Cliff Worries Grow
Last night’s election finally gave clarity to the political landscape for the next few years. Obama winning the White House does not come as a surprise if you believed polling data. Polling data aside, the divide between the House of Representatives and Senate has...
Noon Time Rally is Faded as Stocks Close off The Best Levels of the Session
The market along with the rest of the world awaits the outcome of today’s Presidential Election. Mid-Day stocks enjoyed a nice pop with volume exploding higher, but it would be all for nothing. Friday’s highs would be a big point of resistance for the market and...
NASDAQ Leads Market higher in Light Trade Ahead of Elections
Tomorrow’s Presidential and Local elections have been the dominating headline for much of the day as US Voters are set to usher in new and old leaders. The market on Friday sold the jobs report as the majority of the market closed just off the worse levels of the...
Outside Reversal for the QQQs Looks Negative, but Does it Spell “DOOM?”
Friday's action was quite bearish for the market, or was it? It is not a good thing to see the market gap higher then fall flat on its face. We'll take a look at the QQQs to see what happens when the ETF stages an outside reversal day. Friday's Chart: Crunching the...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under a SELL signal on the SP500, Nasdaq, Russell 2000, and DJIA. The NYSE switched to BUY signal yesterday and subsequently re-switched to a NEUTRAL signal by the close of today's trading. Two words can sum up this week of...
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