COMMENTARY
Market Finds Relief, but Volume Fades
The NASDAQ managed to regain its 200 day moving average, but light trade confirms institutions aren’t willing to stick their necks out supporting this market. A positive ISM Non-manufacturing figure gave a bit of a boost to the markets. However, the European close...
Stocks end Mixed as Volume Slumps
Headlines over the weekend were quite dismal stoking the fire further over the European crisis. The market set aside the fear and jumped to the highs of the day right out of the gate. Factory orders were on the light side sending the market lower. From 10 am forward...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading portfolios remain under a SELL signal generated on 5/4/12. The current market environment continues to weaken as stocks among all sectors (even defensive--outside of gold) are breaking down. The BWT portfolios will continue to work the short side...
Stocks Limp Into Month End After a Poor Showing for the Month of May
End of the month volume poured into the market at the close, but failed to end stocks at the highs of the session. GDP came in line as expected, but at a paltry 1.9% far from where this economy needs to be at for a sustainable recovery. Sellers had dominated majority...
King Dollar Stands Tall as Stocks Fall in Heavier Trade
It is beginning to appear the European Union is on the verge of breaking up. The dollar continued its upward movement as the EURO continues to fall. Volume rose on the day, but wasn’t overly impressive given the losses on the day. Gold reversed on the day after...
Stocks Jump Despite an Intraday Shakeout
Coming off a long weekend stocks jumped early and pushed higher throughout the morning. When Europe closed sellers took to the market sending stocks to new lows. Of course the movement was blamed on the union across the pond and will continue to be the excuse. The...
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Sometimes Defense is the Best Offense
Big Wave Trading Portfolio Update And Top Current Holdings
Every single disaster is due to traders not cutting their losses and letting them grow into huge losses. -Dennis Gartman "If you have an edge and if you keep making good bets as opposed to bet on chance over time you will come out ahead." -Larry Hite The Big Wave...
The Dow and Russell 2000 Close Positive as the NASDAQ 100 Limps into the Close
Economic news was mixed with a disappointing durable goods figure and a better than expected Kansas City Fed Manufacturing reading. The dollar rose again as the European situation continues to act as an annoyance to the market. Europeans cannot get their act together...
Stocks Race off the Lows as European Bank Recapitalization Rumors Fuel Rally
A better than expected new home sales failed to spark a rally in the markets as traders turned once again to the European situation as a reason to sell the market. Sellers were in control for much of the day as the European situation remains dire. In particular is the...
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