COMMENTARY
Technology Stocks Lead the way as Financials Lag
The NASDAQ enjoyed solid gains while the indexes on the NYSE were held back by financial stocks. Volume ended mix on the day with the NASDAQ showing another day of accumulation while the NYSE fell for the second day in a row. Small cap stocks once again were the...
Top Current Longs/Shorts With Total Returns Since Purchase
ticker symbol - % return - date of purchase LONGS: LCUT 133% 11/2/09 UPI 53% 4/26/10 CTHR 17% 6/2/10 AKRX 15% 5/25/10 CURRENTLY LONG SIX STOCKS SHORTS: NOV 12% 5/11/10 EXPE 7% 5/7/10 CURRENTLY SHORT SIX STOCKS
NASDAQ Strikes a Follow-Through Day as NYSE Volume Lags
The recently volatility has the market looking loose, but traders pushed stocks to the highs of the day at the close. Volume ran lower for much of the trading session until the final minutes when volume jumped to push the NASDAQ over the edge. However, on the NYSE...
Making Sense Of This Follow-Through Day In The Grand Scheme Of This Market
This is my response to an email I received on Seeking Alpha: Hi DFT. I will post this defition of a Follow-Through Day from IBD and then go over the days in detail to explain how the follow-through day occured and then what are chances are of success: After a...
Small Caps Lead the Market Lower as End of Day Selling Leaves a Black Eye on the Market
Overseas fear, this time out of China pushed stocks lower at the open as traders feared the worse. Buyers didn't waste much time before pushing the market higher closing the morning's gap. Volume jumped at the open, but fell rapidly as the market moved to close the...
Rally Hits Wall Street as Volume Drops Off
Rumors China was not looking at their European holdings helped fuel traders fire to scoop up shares. Unfortunately, institutions did not share the same vigor as volume was lower by more than 21% across the board. While the price action was certainly positive the...
Heavy Volume Reversal Erases Day's Gains
A light volume rise in stocks for most of today's session were completely erased as heavy volume selling sent stocks lower erasing all of the morning gains. The media is blaming China for reviewing their Euro holdings, but the fear of further weakening of the Euro...
End of Day Rally Lift Stocks Off Their Lows
If you were living under a rock you would woken up not knowing what hit them as the market gapped lower. Those who were reading headlines were woken up to "market plunging" and "fear over European debt spreading." Volume soared from start to finish as traders rushed...
A Quick Reminder About Follow-Through Days
Follow-Through Day according to IBD (Investors Business Daily): After a significant market correction, the market will look to regain its footing. Any up day then counts as Day 1 of an attempted rally. The next two sessions, Days 2 and 3, don't need to show much in...
Stocks Take a Swan Dive into the Close
The story ending the day Friday was the surge in price action at the close, especially with volume surging. On the flip side, today's close was on lower volume than Friday, but the collapse in prices highlights the lack of bids supporting the market. During the...
Follow BigWaveTrading
Follow BigWaveTrading on Twitter and StockTwits