COMMENTARY
Lackluster Session as Trump Trashes Dollar
Stocks once again faced sellers and produced a lackluster session as Trump hammers the dollar. Global tensions are on the rise as North Korea and Syria are in pundits’ focus. Price action is quite unstable here and even though we saw a bullish end-of-day yesterday we...
No New High Quality Long Positions For Thursday’s Session
Any confidence I have left in the hopes that the market will be able to bounce at the 50 DMA and rally here is rapidly diminishing. In fact, based on the lack of follow-through on that bounce attempt and strong close yesterday, I feel almost all hope is lost for the...
A Strong Close erases possible Distribution
We finally saw a strong close from this market. Unfortunately, it was just after sellers had their way with the market earlier in the day. Volume jumped day over day as institutions picked up their efforts. This market did not look good mid-morning. The NASDAQ was...
BWT Top Current Holdings Update (4/10/17 Edition): IVAC BPMC SXE HNR
Study, study, study!
Monday’s Market ends Flat
So much for any exciting market action today as the stocks closed flat on light volume. A mid-day sell-off did spark some interest, but once again this market found a way to muster enough support. We continue to see this market look very fragile and yet find a way to...
No New High Quality Long Positions For Tuesday’s Session
A very weird day today overall in the stock market. We had yet another weak close and most of the indexes closed lower than where they opened but still somehow we had a positive session with the DJT and RUT leading the way higher. More importantly, my personal...
Weekend Update: Weak Yet Somehow Sturdy Holding Pattern
The overall market continues to lack any clear direction with individual stocks in my personal holdings looking pretty darn strong/solid overall but the overall market/tape looking quite problematic. The MACD and RSI(14) oscillators are all still trending lower on...
Small Gains after Wednesday’s Selling; Traders await March’s Job Report
Today's light volume affair was uneventful as the market awaits Friday's job report. The good news is we did not sell sellers pick up where they left off after Wednesday's debacle. We continue to see a lack of follow-through to the downside which is good news for...
Late Day Sell-Off Sours Market; Fed Minutes to Blame
The latest release of the Federal Reserve Open Market Committee meeting minutes sparked a nasty sell-off during the final hours of trading. Sellers were in a hurry to dump Small Cap stocks as the group continues to act very weak. Distribution is certainly elevated,...
Small Caps Lag; Broad Market Inches Higher
Another lackluster session as the market continues to remain range bound. Small cap stocks continue to lag the broader market and the Russell 2000 remains below its 50 day moving average. Investors are simply not excited to jump into small cap stocks. At some point...
Follow BigWaveTrading
Follow BigWaveTrading on Twitter and StockTwits