COMMENTARY
FOMC Cuts Rates, Trade War Fears Linger
Initially, stocks gave way to selling as the FOMC announced its rate decision during Wednesday’s market session. As Powell gave his press conference buyers began to step forward supporting the market. QQQs ended up closing near the highs of the session along with SPY....
Small Caps Inch Out Gains; Broader Marker Lower
A mixed day on Wall Street on Monday. Good to see Small Caps lead the market with gains, but with NYSE Volume higher the S&P 500 notched a distribution day. NASDAQ volume was lower on the session. Certainly, after the strikes on Saudi oil facilities the damage to the...
Futures Lower after Saudi Oil Drone Strike
Over the weekend a group of drones attacked an oil processing plant and the nearby oil field in Saudi Arabia. It is unclear who was responsible for the attack. When Oil Futures opened Sunday evening prices jumped nearly 20%. Crude Oil futures are nearly up 9% since...
Stocks Continue to March Higher
The stock market is the ultimate price discovery platform. SPY, QQQ, and IWM have had a great week of gains. There are positive signs a trade deal with China is certainly helping ease fears of a recession. Bond yields have shot back up and the yield curve is not...
Jobs Report Eyed; Stocks Jump on Volume
Ask and you shall receive. Bulls prayers were answered with the market jumping higher on big volume. QQQ and SPY leapt above their 50-day moving averages with support is a good sign this market can move higher. US and China are set to meet in October and this news...
Stocks Rebound Led by the NASDAQ; Volume Light
Wednesday’s market action was certainly a positive for the market as the NASDAQ led all indexes higher. Once again, volume lagged and so did IWM. QQQ and SPY had great days apart from volume. Volume was lower across the board despite the solid price gains. We would...
September Opens with Stocks Lower
Small cap stocks led the market lower on Tuesday after the long holiday weekend. The same fears exist over the ongoing trade war between the United States and China. Tuesday’s action saw the 10-year treasury note yield trade above the 2-year removing the inversion....
Summer is Over; School is Back in Session
The last month in the 3rd quarter should be an interesting one given the geopolitics and seasonality trends. We continue to see market participants on edge worried about the next tweet the US President might send. Big Wave Trading subscribers have no such worry as we...
Stocks Rise as Volume Falls
Led by small cap stocks (IWM) the market reversed early morning losses to close the day with gains. While the reversal was nice to see volume fell suggesting institutions were not in a rush to jump back into stocks. A positive sign was certainly seeing IWM lead the...
Russell 2000 Leads Market Lower
Gains turned into losses for the Russell 2000 as the small cap index saw sellers ravage the index again. Long-term bond yields continue to race lower too as flight to safety continues. The bond yield inversion has investors and traders alike spooked over a potential...
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