COMMENTARY
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....
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...
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