COMMENTARY

Stocks finish off the lows but close with hefty losses

Troubles in Europe remain as France’s cost of borrowing continues to rise. The European contagion will not stop until every country in the European Union is pressed. France’s CDS continues remain at highs signaling higher borrowing costs. Over on this side of the pond...

Nasdaq Resolves Itself To The Downside On Higher Volume

I will make this simple for everyone. Big Wave Trading follows the trends. We will be wrong a lot and cut our losses when we are. Until this year, we were always right more than wrong. This year, however, we have been wrong more than right, due to the extreme...

“Take That Bulls,” says Mr. Stock Market

Today was looking very constructive. That is until the last hour when the floor just completely collapsed. There was nothing orderly or friendly about that pullback (see: selloff). On top of that, volume was clearly much higher than the day before. That equals yet...

NASDAQ leads the market higher volume remains below average

Positive economic data helped fuel a positive turn in futures pre-market. However, it was Italian bond yields stealing the spotlight. Headlines are now beginning to turn to France’s bond yields. Contagion is real in Europe and it is going to sweep the Euro union. Over...

Flirting With The 200 Day Moving Average

That was a nice headfake today by the Nasdaq. It was still a very positive session post 1215pm EST breakout but the close sadly prevented us from getting what we wanted which was a legitimate signal to tell us to buy stocks. Underneath, it was much more bullish as...

Stocks Consolidate Nicely On Lower Volume

First thing, first, congratulations to MarketSpeculator on the birth of his new child on 11-11-11 (nice timing). Future trader Luke is now here and ready to tackle the world. While Market is absent here and there, that means I get to fill in and do commentary for the...

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