COMMENTARY
Weak Price Action Continues
The stock market remains in a precarious position. While it is oversold, we are in a spot where anything can happen. Just because the market is oversold doesn’t mean it cannot get worse. At this point, with Trump adding new tariffs to Mexican goods the market is not...
Fears Continue to Mount as Correction Continues
Opening the week on a positive note during the early part of Tuesday’s session gave the impression we were off to the races. Sellers had a different idea erasing the morning gains and eventually lower prices. Futures are set to open much lower for Wednesday’s session...
Trade War Fears Continue as Stocks Decline
Until there is some sort of definitive event, we are going to be in Trade War purgatory. There are a multitude of outcomes at this point, but it would be nice to get this thing resolved one way or another. Wednesday’s market saw stocks decline on declining volume...
NASDAQ Leads Stocks Lower in Light Trade
Uncertainty over US and China’s Trade deal continues as the markets began the week lower. While volume was lower across the board sellers were able to keep the market suppressed. At this point in time there is a very real possibility we see this market see lower...
Stocks Continue Rebound as Volume Declines
A decent day on the street today as we did see stocks shake off early weakness and close higher on the session. It was nice to see stocks rallying, but the lack of volume was a bit disappointing to see. We would have love to seen institutional buyers’ step in and...
Trade Talks Dominate Headlines; Stocks Sliding
China trade talks are the soup de jour at the moment and market pundits are heavily focused on any tweet or headline regarding any news to the talks. The S&P 500 and NASDAQ Composite indexes are below their respective 50 day moving averages. It is the first time since...
China Deal in Question sends Wall Street on a Wild Ride
What a way to kick off the week with the Dow opening down more than 400 points. Fears over a trade deal falling through on a Trump tweet sent the algos scrambling selling futures Sunday night. What a truly amazing time to be alive with a simple tweet causing algos to...
Stocks Continue in Rising Channel
Tuesday was a big time distribution day for the NASDAQ despite the index closing above its mid-point of the session. Thanks to GOOGL the index closed down 81 basis points as volume swelled over Monday’s level. The Dow and S&P 500 were able to sneak out gains and while...
Small Caps Close Out with Gains; Broader Market Declines
After Tuesday’s solid session traders followed up the day with a quieter day with volume coming in lower across the board. Not a bad way to follow up big gains, but it was also nice to see Small Cap stocks inch out gains while the NASDAQ and S&P 500 took a breather....
Same Old Story; Small Caps Lag as S&P and NASDAQ Rise
We continue to see Small Cap Stocks lag the broader market as the NASDAQ and S&P 500 continue to push higher. Small Caps are typically seen as a risk-on trade. Traders and investors alike are not flooding to the group as we would like to see for a bull market....
Follow BigWaveTrading
Follow BigWaveTrading on Twitter and StockTwits