COMMENTARY
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under a BUY signal from August 3rd, following the past week's market pullback. The pullback was overall orderly with only Tuesday being a session of concern. The fact that there were many stocks that made big moves following that...
Bad Economic Data does not Deter Stocks from Moving Higher
Pathetic growth from the second quarter did very little to hurt stock gains. GDP growth was quite anemic disappointing economists who were expecting growth to top out at 1.7%. Initial claims were better than expected, but the lack of growth in the US economy continues...
Stocks Finish of the Lows of the Day as Volume ends Mixed
Stocks continue to struggle with the Fed’s Quantitative Easing hangover as the S&P 500 and NYSE Composite get hit with a day of distribution. Sellers got to work again pushing stocks lower in the morning session. Riots in Europe certainly did not help ease any fears...
Riots Breakout in Spain as Distribution Hits Stocks
Heavy volume selling struck the market down marking a day of distribution. One day of a heavy volume selling does not break an uptrend, but this one grabbed our attention. The day started off well with the market pushing to the highs of the session prior to noon time....
Monday’s Continue to be Tough on Stocks as the Market Close in the Red
The story of this uptrend has been Mondays closing lower. Volume was lower today, but even with Friday’s volume today’s trade was quite light. On the face of it we do have a market continuing to consolidate its Fed induced rally. Friday’s session saw sellers knock...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio continues to be under a BUY signal that was generated on August 3rd. The past week was another overall solid week with solid intraday price action outside of Friday. Another positive was the Nasdaq having two up sessions on volume well...
Volume Ends Lower as Stocks Close off the Lows
The week of consolidation continues as debate over whether or not this market can go higher rages on. Overnight China’s flash PMI disappointed showing the country continues to slow significantly. China’s disappointment sent futures lower across the board. US economic...
Small Caps Lag the General Market as Stocks Close off the Highs of the Day
Small cap stocks lagged the general market by closing in the red with the major market averages close just barely in the green. Buyers stepped up their operations just after 10:30 am EST showing this market has support. However, buyers weren’t able to keep the market...
The Dow Edges Higher as Broader Market Consolidates Again
Turnaround Tuesday didn’t quite work out, but for the second straight day the market puts in an excellent day of consolidation. The past two days have certainly done enough to work off overbought conditions in the near-term. Volume inched higher on the NYSE and...
Red Monday’s Continue as AAPL hits the $700 Mark
The market stages a very nice day of consolidation as volume dropped well below Friday’s level. For most of the day’s session stocks traded in negative territory as last week’s gains were being digested by the market. Nearing the close it appeared stocks were set to...
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