COMMENTARY
Dow Down Seven Straight Days; Distribution Strikes the Overall Market
It appears our little consolidation period is getting a bit more interesting after today’s session. The VIX jumped up to a 14 handle while crude fell below $40 for the second straight day. Crude closed below $40 for the first time since April as its fall continues....
Stocks limp into August with NASDAQ inching out Gains
August starts off mixed in a light volume affair. NASDAQ 100 was the leading index of the day helping push the NASDAQ composite up 43bps. Trading definitely felt a bit lackluster with the NASDAQ pushing higher. Crude oil continues its fall and broke $40 a barrel. We...
BWT Weekend Update And Top Current Holdings
Following the first 30 minutes of trading on Friday, it appeared that the market was finally ready to start a meaningful pullback. Oh how quickly things change in a strong uptrend. Stocks found their lows around 10 AM and rallied to their intraday highs around noon....
AMZN and GOOGL jump in After-Hours Trade; Stocks mostly Higher
We inched higher again today on the Nasdaq and SP-500 with the Dow lower on the session. Volume sunk more than 7% across the board mostly due to the drop in volume from AAPL. At some point we will see a pullback, but for now we are continuing to push higher. All we...
AAPL propels NASDAQ; Dow and S&P 500 end lower
AAPL was the clear winner of the day closing up more than 6 points on the session. The stock helped the NASDAQ close up nearly 60bps. Volume swelled on the day as earning season continues. At 2pm the Fed released its most recent decision and stocks for the most part...
Small Caps Lead; AAPL Higher after Earnings
A roller coaster type day as volume moves higher. A good sign was once again buyers were able to support the market. It was nice to see the Russell 2000 leading the market. AAPL vaulted higher after the market close. The stock will provide a big boost to the market on...
Higher Turnover as Stocks find Support
Due to travel commentary will be cut short. Although volume was higher we were able to see buyers jump in and support this market. We are still in an uptrend and we are not going to bail just because we think we could head lower. Let's see how this market pushes...
Weekend Update And Top Current Holdings
It was another impressive session on Friday and overall it was another impress week as stocks closed higher Friday on lower volume across the board. Lower volume or not the ability for the market to continue to climb despite the extremely overbought short-term and...
Dow Ends Win Streak; VIX up 8%
The Dow finally ended it's win streak as the Dow fell 77 points. Small caps led the decline, but we still remain in an uptrend. One day of selling does not make it a trend. Profit taking on extended stocks proved to be a wise move. We can always reload at proper...
Dow Extends Streak; NASDAQ hit with Distribution
The Dow continues its winning streak while the NASDAQ gets tripped up with a day of distribution. Small caps right along NASDAQ fell harder than large blue chip stocks. Volume was lower on the NYSE as NASDAQ jumped higher. The good news is we continue to trade in a...
Follow BigWaveTrading
Follow BigWaveTrading on Twitter and StockTwits