COMMENTARY
CSCO Face Plants in After-Hours after Stocks Reverse to the Upside for the Second Day in a Row
John Chambers the CEO tells it like it is and unfortunately for those long CSCO paid the price today as the stock was down more than 8%. Once again, for the second day in a row stocks found themselves support at the day’s low. The S&P 500 briefly breached Tuesday’s...
Stocks Finish Well off the Lows as Volume Jumps
I would venture a guess today showed a bit of capitulation selling at the lows of the session. Volume was running much higher than Monday’s pathetic volume level as the market once again turned to Europe as its excuse for selling off. Buyers began to step in after 1pm...
European Elections Give a Scare, but the Market Rebounds
Sunday night futures took a big hit as French and Greek elections spook the market. Futures were able to climb back and wipe out majority of the losses from Sunday night prior to the open. As the market was able to gain itself footing, but lacked any oomph. Volume was...
Big Wave Trading Portfolio Update And Top Current Holdings
"I learned that an opinion isn’t worth that much. It is more important to listen to the market." -Brian Gelber "Most traders who fail have large egos and can’t admit that they are wrong. Even those who are willing to admit that they are wrong early in their career...
Distribution Hits the Market; LNKD Jumps After the Market Close
A better than expected jobless-claims figure was overshadowed by an overwhelmingly disappointing ISM non-manufacturing reading. Sellers dominated the day pushing stocks lower all day as volume rose on the day. The NASDAQ now with two days of distribution and the S&P...
Euro Stocks Head Lower, but US Stocks Find Footing Close Near Highs
A lower than expected ADP payroll figure soured the market mood at the early going. Friday’s jobs report is just around the corner and the ADP figure certainly points at a disappointing figure Friday. Volume started out the day running hot, but cooled as the session...
Small Caps Reverse Hard Intraday as Stocks Close Well off the Highs of the Session
Positive ISM figures helped the market surge to the session highs only to see sellers take away the day’s gains. ISM Manufacturing grew more than expected and buyers jumped at the chance to move into the market. However, by the afternoon cracks began to become...
Stocks End April Lower for the First time Since November
Weak economic news helped put a stop to the recent bounce off the lows as the market put in its first negative month since November 2011. Volume came in lower on the day despite the market closing lower. Certainly a positive sign, but we’ll need to see the market need...
Big Wave Trading Portfolio Update And Top Current Holdings
"When you are starting out, it is very important not to get too far behind because it is very difficult to fight back. Most traders have a tendency to take risks that are too large at the beginning" - Gary Bielfeldt "Professional traders manage their trading to assume...
Second Day of Solid Gains Pushing Market Model Back to Buy
Another great day of stock market gains despite AAPL taking a back seat consolidating its gains from Wednesday’s market. Volume ended mixed, higher on the NASDAQ for the second straight day showing institutions are scooping up shares on the NASDAQ. The buying spree...
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