COMMENTARY
Big Wave Trading Weekend Update And Top Current Holdings
It wasn’t a great session on Friday but considering how the week was playing out it definitely was welcomed by the bulls. Stocks rallied early on in what was shaping up to be a very impressive Friday rally. However, selling took over around noon and stocks trended...
Sluggish Trade continues; Utilities Lead S&P 500
One day removed from the panic post Fed stocks could not find enough buyers to hang in positive territory. There were enough to elevate the stock market off their lows of the session. The lack of bulls and oversold conditions a bounce is certainly not out of the...
Fed Minutes push Rate Hike Odds Higher; NASDAQ Higher
The Federal Reserve minutes show a more hawkish Fed than many saw at the committee's last meeting. Earlier in the day the NYSE was having issues and therefore not publishing volume data. A few stocks were put on ice, but for the most part it was more a thorn on our...
Monday’s Gains Erased as Volume Jumps
Monday’s gains were certainly a positive, but the mixed volume was a clue the gains may not hold. Today’s selling was fierce as volume jumped across the board. Led by the Russell 2000 and NASDAQ the entire market moved lower even as Crude Oil prices pushed higher....
Traders shrug off Economic News End Higher
A weak NY Federal Reserve Manufacturing number did not slow down traders moving this market higher today. Volume was mixed, but higher on the NASDAQ composite. Even with a less than ideal close the NASDAQ came away with a solid session. Crude oil pushed higher today...
Big Wave Trading Weekend Update
This uptrend appears all but dead to me on my end. However, the final nail in the coffin has not yet been finalized and it is possible this market can right this ship at some point. Unfortunately, I do not believe in blowing smoke up someone’s you-know-what and it...
Market finishes off the Lows; Volume mixed
This market continues its wicked ways as morning selling gave way to afternoon support. Volume was higher on the NASDAQ yet fell on the NYSE. Sellers appeared to run out of steam mid-way through the trading session and bulls were waiting to push stocks higher. The Dow...
Stocks Reverse Tuesday’s Gains
The NASDAQ was rejected at its 50 day moving average today as volume jumped from Tuesday’s level. However, it was small caps and the Dow leading the general market lower. Retail (XRT) was a big loser as retailing was down 1.9%, but it was Consumer Durables and Apparel...
Stocks begin Week with Mixed Results
A lackluster day of trading for the markets today. Volume was once again lower across the board. Typical for a Monday. Biotechs kept the NASDAQ in the green while the Dow struggled all day long. Crude fell on the session moving back down to a $43 handle. The financial...
Big Wave Trading Weekend Update And Top Current Holdings
Stocks staged a pretty impressive rally overall on Friday with all of the indexes putting in a nice reversal off the early morning lows combined with a strong close. Unfortunately for the bulls, volume was mixed and leadership was weak with the majority of the gains...
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