COMMENTARY
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading portfolio remains under a BUY signal, generated on August 3rd, as the market continues to move higher on well above average volume. On Thursday, for the first time during this rally, we saw the indexes, ETFs, leveraged ETFs, inverse ETFs, and...
The Day After: Will there be a QE Hangover?
Yesterday’s Federal Reserve announcement of further quantitative easing via monthly purchases of Mortgage Back Securities (MBS) sent stocks higher on big volume. Perhaps those on the sidelines will be forced back into the market, but that remains to be seen....
Stocks Finish off the Highs of the Session as Volume Ticks Higher
Volume crept back into the market today as the market adjusts to tomorrow’s headlines. Germany’s court is set to rule on the legality of the European bailouts at 10am EST. Later in the day AAPL is set to unveil the iPhone 5. The stock continues to pull back in heavier...
INTC AAPL Weigh Down Stocks in Light Volume Session
Big cap technology stocks and financials struggle as the market gives back more than half of last Thursday’s breakout. The good news on the session was the fact volume was lower and institutions were not big sellers. INTC was an excsue for the broad market sell off as...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading portfolio remains under a BUY condition with strong confirmation of the original signal coming on Thursday when every single important stock market index we track broke out convincingly on enough volume to qualify the breakout as strong. The tight...
Stocks Stage Powerful Rally as Volume Swells
Mario Draghi and the ECB took center stage this morning announcing a new bond buying program. The ECB delivered on its rhetoric it would do all within its power to save the EURO. Stocks cheered the move and futures rallied. ADP employment figures came in better than...
Stocks End Lower on Mixed Volume
It is clear the market is waiting on the European Central Bank and the US Federal Reserve to act. Volume ended mixed with NYSE volume coming higher and NASDAQ ending lower. Institutions are certainly holding back from making any serious bets until central banks act....
The Market Stages an Intraday Bullish Reversal after a Dismal Manufacturing Report
Another bullish intraday reversal in the market shows buyers are still willing to support the market. Disappointing ISM Manufacturing reading did usher in heavy selling as volume jumped. However, once again by eleven o’clock buyers began their operations and supported...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under a BUY signal from 8/3/12, following the past week in the stock market. There was not much that went on this week that changed anything from the previous BWT Portfolio update. The only significant event this week occurred on...
Stocks Fall on Extremely Light Trade Ahead of Ben Bernanke’s Speech
The end-of-day selloff left a very bad taste in the market’s mouth albeit on very light trade. The last fifteen minutes of trading was not kind as the NASDAQ was hit very hard. On the bright side of things volume was even lower than Wednesday’s pathetic level....
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