COMMENTARY
NASDAQ Breaks Six Day Losing Streak; C Jumps more than 5% on Earnings
The market finally bounces from oversold conditions as volume ends mixed. Volume rose on the NYSE and NASDAQ exchanges, but SPY and QQQ volume remained light. Retail sales jumped more than expected helping set the tone early on. Sellers got the upper hand on the...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio is currently under a NEUTRAL condition. The model switched from BUY to NEUTRAL on Tuesday due to the Nasdaq closing below the 50 day moving average on average volume. Our model expected this switch to occur after Apple (AAPL) closed...
Morning Gains are Erased as Buyers Continue to Stay Away
A much better jobless claims figure helped set the early tone of the market. Unfortunately, it would not last as sellers continued their relentless pursuit. It certainly didn’t help that reports of the jobless claim figure being falsified by a large state not...
Stocks Continue Their Slide as Volume Jumps Again
Once again sellers ruled the day as fears over earnings continue to grab ahold of the market. The morning part of the session wasn’t all that bad, but sellers unloaded on the market pushing stocks to their lows where they would remain. The market did close near the...
NASDAQ Drops Below its 50 Day Moving Average while AAPL finds Support
The selling continues to be concentrated in technology stocks lead by AAPL, GOOG, PCLN and others. Another day of distribution and they have now piled up to where we are no longer in our uptrend. Today’s selling pushed us into a short-term oversold condition, but it...
Big Wave Trading Portfolio Update And Top Current Holdings
There will not be a weekend update this week. We apologize for the inconvenience. Top Current Holdings - Percent Return - Date of Signal AVD long - 145% - 1/10/12 CAMP long - 72% - 4/26/12 SVNT long - 61% - 9/10/12 NTE long - 60% - 8/17/12 CLGX long - 58% - 6/19/12...
A Lackluster Final Hour as Stocks Settle in Prior to Friday’s Non-Farm Payrolls
Stocks got a positive boost off the first Presidential debate, but for technology stocks it wouldn’t’ be enough. Financials continue to be leading stocks in this market and today once again the group leads the market. But, once again the market is looking ahead to...
AAPL leads the NASDAQ Higher as Volume Expands; Crude Sinks
Heading into the first debate of the 2012 Presidential Campaign was led by the NASDAQ despite a faltering Semi-Conductor sector. Small cap stocks struggled as well with the Russell 2000 closing down 20 basis points. Volume expanded on the day, but with back to back...
Late Day Rally lifts Stocks off the Lows of the Session
The markets experienced a low volume session ahead of tomorrow’s economic data. ADP Employment and ISM Non-Manufacturing index are set to hit the wires tomorrow morning. For much of the day’s session sellers had control over the market as AAPL touched its 50 day...
The 4th Quarter Starts in Lackluster Fashion
NASDAQ 100 stocks lagged the broader market lead by MSFT and AAPL as the Dow Jones Industrial Average and Russell 2000 were able to close in the green. Volume ended the day lower than Friday’s inflated figures from end-of-the-month rebalancing. Overall the session...
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