COMMENTARY
NASDAQ Captures its 50 Day as Volume Rises ahead of the FOMC
Another good day for the markets as leading stocks continued to see breakouts. Volume rose on the day, but remained below its 50 day volume average. The market was able to ignore poor housing starts while building permits picked up more than expected. European markets...
NASDAQ Jumps Higher as VIX Slumps
The Greeks voted for the pro-bailout candidate helping the EURO to stay intact for now. Initially, futures markets cheered pushing higher. However, for a few indexes the rally would not last. Spanish and Italian stock markets reversed hard and closed negative while...
Big Wave Trading Portfolio Update And Top Current Holdings
"The less I cared about whether or not I was wrong, the clearer things became, making it much easier to move in and out of positions, cutting my losses short to make myself mentally available to take the next opportunity." - Mark Douglas "Obviously you don’t want to...
New Seeking Alpha Article – Four Stocks Hitting New Highs In A Weak Tape
Penned this last weekend but finally getting around to post it on the web site.
Rumors of Central Banks Moving to Provide Liquidity Help Lift Stocks
Good news for consumers as CPI dropped, but a worse than expected jobless claims figures continues to show the weakness in the job market. The big story of the day was rumors of a joint strike by central bankers to provide liquidity to the market. Money printing...
Stocks End Lower on Mixed Volume; Volatility Spikes
Jamie Dimon headed to the hill today to testify regarding JPM $2 billion trading loss held up the broader market for majority of the day. Economic news took to the back burner as the market watched Jamie Dimon testify and JPM the stock rise. The rally would not last...
Stocks Try to Recoup Yesterday’s Losses in Mixed Trade
European fears remain, but rumors of the Federal Reseve moving towards quantitative easing part three brought buyers back into the market. Gold and silver jumped on the news, but both precious metals remain well off their highs. Early trading saw sellers give way to...
Markets Say No to Spailout, Stage Big reversal
The EU bailout of Spanish banks was received well when the futures market first opened Sunday evening. Sellers dominated the day as the markets sniffed out and disapproved of the Spailout. US equity markets did enjoy a good start, but selling was unforgiving and...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading portfolios switched from a SELL to NEUTRAL signal intraday on 6/6/12 as the Nasdaq rose 1.5%+. The heavier volume selling was drying up before the switch and we warned that a switch was coming last week. That indeed was the case this week. If the...
Bernanke Fails to Mention QE3; Fitch Warns of US Downgrade Sends Stocks Lower
The NASDAQ reversed its gains in a big way after the Fed Chairman does not mention further quantitative easing. To add insult to injury Fitch warned of a possible US downgrade if a viable debt plan was not forged. Preliminary volume figures does show volume was lower...
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