COMMENTARY

Today’s market consolidation was a certainly nice to see. The normal day would appear, now to be 1% or moves to the upside or down. However, today bucked that mold and put in a decent day for the bulls consolidating recent gains made after Wednesday’s massive move to...

BigWaveTrader will be back later on with market commentary. Until then, enjoy... Talk about a ton of “go” signals in individual stocks, despite the extreme volatility. I am a little surprised that we have so many new long positions based on legit signals and actually...

Volume exploded at the end of the day as stocks rise more than 4% as European Bank crisis almost hits critical mass. The hot rumor of the day was a major European bank was about to go bust and central banks across the world needed to take quick and decisive action....

BigWaveTrader has recently had a baby and continues to be bogged down by this responsibility. Therefore, I will be happily posting commentary tonight in his place. However, today was an extremely busy day and I do not really have time (this is already a late post) to...

The story of the day was the bank downgrades after the market closed. During the market session BAC broke through a key pivotal point and continued lower in after-hours. Technology stocks were the ones hit hard during the trading session as stocks like GOOG, AAPL,...

The NASDAQ avoided its 8th straight down days with a 3.5% gain on the day’s trading. Volume was well below average, but higher than Friday’s shortened session. Today’s gains came after hefty losses from Thanksgiving week as well as the week prior. There were a few...

The big economic news of the day was the big revision lower for third quarter Gross Domestic Product. Slower growth is a killer to budget forecasts and does not bode well for business confidence. Volume on the day ran lower, very typical for the Thanksgiving holiday...

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...

Friday’s lackluster performance following Thursday’s drop pins the tail on the donkey. Despite the market being oversold in the near-term doesn’t mean we can’t fall further. Price and volume have been on the side of the bears as of late. The bulls lack of response to...