COMMENTARY
Traders Shrug-off Disappointing GDP Revision as Small Caps Lead
GDP figures were revised lower once again as President Obama's stimulus package of $780 billion simply was not effective enough. Traders simply ignored the revision and plowed forward pushing stock prices higher. Unfortunately, volume simply was not seen as we are...
Small Caps Shine As the NASDAQ Clears a New High
Following through on the gains from Friday were Small Cap stocks as well as the NASDAQ Composite index. The market continues to be in an uptrend and we continue to find stocks moving quite nicely in this uptrend. Monday's gap up was a welcoming sign as the NASDAQ...
Daily Stock Talks
Today's postings.
Reminder About My Schedule, Posting Times, And Where To Read My Free Post/Talks/Commentary
I fully update new longs and shorts EVERY night with full analysis and charts, I update my forums every night with new sells and watchlist with a video after every important market session, and always have early longs up for PLAT members before the morning. Everything...
Stocks End Near Lows as Support Fails to Emerge
Heavy trading in Citigroup dwarfs the market as we are reminded we are in a shaky market. The NASDAQ and S&P 500 closed just off their lows of the session suggesting very little support for the indexes. Citigroup certainly skewed volume, but with the amount of...
Bernanke Selected as Time's Person of the Year but Traders Say Otherwise
Stocks finished near session lows as the Federal Reserve policy statement failed to inspire buyers. S&P 50 and NASDAQ ended the day near but off their lows. Small caps on the other hand finished much stronger. Volume on the NYSE slid on the day while NASDAQ...
Late Day Sell-Off Brings Distribution Day
Inflation data along with news Wells Fargo paying back its share of the TARP set the tone early on. Producer prices rose higher than expected sending a bit of fear into traders as early morning trade reflected a fear trade. Bucking the trend was Wells Fargo, but it...
Small Caps Lead the Way as Stocks Go Out Near Highs
Pre-market futures got a lift when Abu Dhabi announced its $10billion bailout for Dubai World. The bailout set the tone for much of the morning's session as stocks were able to find bids as well as volume. It was important for the market to find volume and not too...
Stocks Lift into the Close as Volume Subsides
Although the late day push into the close was a nice touch added at the end of the day the lack of volume highlights the lack of conviction. Precious metals and the dollar were once again near the top of the headlines, but the continued decline in oil prices keeps...
Distribution Raises A Red Flag
The market has piled another day of distribution. Precious metals, oil, and the dollar mixed it up causing the market to come under selling pressure. Crude Oil slid further as the dollar rose sending oil services and drillers to the downside. More concerning is the...
Follow BigWaveTrading
Follow BigWaveTrading on Twitter and StockTwits