COMMENTARY
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...
Stocks Rally on Higher Volume as the Fed Releases its Beige Book
Homebuilders and Financials lead the market higher as traders shake off the impending disaster facing Europe. Buyers stepped up their operations in the early going and continued with them until the one o’clock hour. Heading into the release of the beige book the...
New Seeking Alpha Article: 4 Gold Stocks For A Bear Market
4 Gold Stocks For A Bear Market
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...
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