COMMENTARY
Stocks Notch Another Low Volume Summer Session; GDP Growth In line with Estimates
No surprise GDP growth was in-line with estimates as pending home sales jumped more than expected. Both figures failed to ignite buying as the market hit the day’s low just before 11am. Once again buyers stepped up to the plate supporting the market. Support wasn’t...
Stocks and Volume End Mixed as Consumer Confidence Dips
A positive Case-Shiller housing report was over-shadowed by a disappointing drop in consumer confidence. Volume ended mixed on the day, but did not trigger any distribution. The market appears to be waiting word from the Federal Reserve head Ben Bernanke on Friday. We...
NASDAQ Stalls as the Market Ends Mixed
Friday’s early evening news regarding AAPL’s patent fight with Samsung helped boost the stock today sending the NASDAQ higher at the open. The initial pop in the NASDAQ was certainly attributed to AAPL’s move, but stock would stall out before the lunch hour. A steady...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under a weak BUY signal, following a week of constructive price action in the overall market. We continue to keep positions relatively small as volume continues to be completely absent in the stock market right now. Traders are...
Stocks Slide as Volume Slips
Jobless claims and New Home sales disappointed setting a negative tone for the entire trading day. Federal Reserve President Bullard did not confirm a new quantitative easing program, but gold and silver still jumped higher. The two precious metals are certainly...
Bill Gross Handicaps QE3 at 80% as the Fed Hints at a new Money Printing Operation
All eyes were on the FOMC meeting minutes today! Our attention was on the price action, but market pundits were looking for the FOMC to hint at further stimulus from the central bank. Bill Gross tweeted shortly after the release of the minutes there is now an 80%...
Distribution Strikes but Volume runs Below Average
Like last week’s Tuesday’s session the market staged a higher volume reversal. Last Tuesday the market staged a similar reversal, but was quickly erased within two days. Today’s move was a bit more sinister as volume was a bit higher than last Tuesday’s. In addition,...
Volume Fades as Stocks Close Flat; AAPL Hits All-Time Highs
Coming off another summer weekend volume ended the session lower. The major indexes closed flat despite selling off in the early morning. Small caps had a tougher time with the Russell 2000 closed lower by 41 basis points. A solid day of consolidation coming off a...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading model switched to a BUY signal on Thursday. This signal was generated thanks basically to the performance of earnings winners, the Relative Strength of the Russell 2000, and a volume surge on the Nasdaq. There was no confirmation with volume in...
CSCO Leading the Way Stocks Advance in Higher Trade
Stocks break out on above average volume lead by the CSCO after hiking its dividend and an upbeat earnings report. A strong move by the NASDAQ with above average volume certainly a big sign of strength and a clue Institutions were behind the move. CSCO certainly had a...
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