COMMENTARY
Big Wave Trading Portfolio Update And Top Current Holdings
Big Wave Trading remains under a weak BUY signal (10%) generated on June 29th. The past week was a very inactive week for us with only a few long signals generated (all on Monday). We continue to be in a trendless intermediate market period. From February 3rd to July...
The Market Awaits the Jobs Reports as AAPL Moves Higher
There was a whole host of news for the market to digest this morning from the ECB rate cut to the Chinese cutting its rates. The ECB did not increase the size of its bailout mechanisms despite the cry for more. We did get somewhat good news with the ADP report showing...
Stocks Finish Higher Shaking off Poor Manufacturing Data
Stocks closed higher on the NASDAQ for the second straight day despite June’s ISM Manufacturing showing the industry contracted. While there are troubling signs within the data the market was able to push higher. Small cap stocks lead for the day doubling the gains...
Big Wave Trading Portfolio Update And Top Current Holdings
It was an exciting end to what was a boring week. The weak SELL signal that our portfolio was under switched to a NEUTRAL signal on Friday morning with the Nasdaq gapping above the 50 day moving average. This automatically put us at NEUTRAL as the 50 day moving...
Merkel Cancels Meeting Sends Stocks off the Lows of the Session
The morning got going with GDP coming in-line with expectations. Putrid growth of 1.9% was in-line with expectations, but far from where we should be 3 years removed from 2009 lows. Shortly after the market opened the Supreme Court upheld Obamacare and the market got...
Stocks End Higher For Second Straight Day as NYSE Volume Drops
Better than expected GDP and Pending home sales helped boost the stock market in the early going, but the rally appeared to stall out after lunch time. Heading into the 3 o’clock hour it appeared the market was ready to rollover into oblivion and then rumors started...
Stocks End Recoup Some of Monday’s Losses; Volume Mixed
The markets did their best to rebound from Monday’s sell off, but fell short. Volume ended mixed on the day with the NYSE volume coming in lower and the NASDAQ coming in better than Monday’s levels. Economic data was disappointing with Consumer Confidence and the...
NASDAQ Leads the General Market Lower
Despite positive news from the Dallas Fed Manufacturing survey and new home sales data the market sold off. The NASDAQ led the decline closing lower by 1.95% followed by the Russell 2000 down 1.71%. Volume overall was lower than Friday, but Friday’s volume was...
Stocks Fall Hard On Heavier Trade
Poor economic data coupled with overbought conditions were catalysts to bring down the market today. Volume rose on the day as it was clear institutions were active in the market selling down their holdings. Crude oil dropped below the $80 mark as the commodity reacts...
More Twist, No QE as Stocks End Flat
The story of the day was the Federal Reserve and its actions. With very little on the economic front the market turned and waited on the Federal Reserve to deliver its rate and policy announcement. Failing to initiate a third round of quantitative easing the Federal...
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