COMMENTARY
AAPL Lifts stocks as NASDAQ Closes Positive for the 6th Straight Session
It was all about AAPL today as the technology giant surged more than 3% on above average volume lifting the NASDAQ to its 6th straight positive close. Disappointing manufacturing data out of the Dallas Federal Reserve Bank did very little to deter stocks from rallying...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio switched from a successful SELL signal back to a NEUTRAL signal the past week as the DJIA, SP500, and Russell 2000 retook their 200 day moving averages. The Nasdaq remains below its respective 200 day moving average but that is due to...
Stocks Dart Higher in Shortened Session
Optimism over bureaucrats coming together and compromising on deals certainly has had Investors smiling as of late. The most recent move from last Friday’s has been quite dramatic. Last week when US lawmakers came forth to speak of a deal on the Fiscal Cliff was...
The Market Shakes Off Comments from Bernanke and Close Flat
Continued positive data from the housing market helped boost the market in the early going. However, the focus would quickly turn to Ben Bernanke’s speech at 12:15. Prior to his speech this headline appeared: BN 12:15 *BERNANKE SAYS FISCAL CLIFF WOULD POSE...
Stocks Rally Hard as Hopium Spreads over Fiscal Resolution
Better than expected housing expectations and existing home sales helped boost the market’s rally off of Friday’s reversal. Volume on the day was lower and below average, but we have expected that with the Thanksgiving Holiday. AAPL was the star of the session rising...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under a SELL signal on all indexes. However, we do take note of the positive price action and strong volume (even though it was options expiration related) on the indexes and more importantly on the oversold beloved-stock named...
The Market Remains Oversold and Unable to Rally
A late day push helped the market from closing near the lows of the session. Disappointing bottom callers the market was couldn’t rally and close into positive territory. Volume dropped from Wednesday’s level, but at this point we’ll need to see a heavy volume...
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...
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