COMMENTARY
Lackluster Trade continues; Cash remains King
Just another day in the markets and another day where intraday volatility was big again. Early morning losses were quickly gobbled up by buyers, but the market would stall and fail to close in the green. For the day we ended with a dud and we continue to lack any...
Stocks Slide but Rally hard off of Lows
This market continues to move lower while investors continue to be complacent. The VIX remains at a lower level then we saw in August of last year. We simply do not have any fear this market may continue to fall lower. Banks continue to suffer heavy losses while...
Big Wave Trading Weekend Update And Top Current Holdings
It is Super Bowl weekend so I am going to make this weekend update short and sweet. Our operational models all remain under across the board SELL signals in every major market index. This has been the case all year long in 2016 and will continue to be the case until...
Transports Jumps 3% as Traders await January Jobs Report
A positive for this market was we were able to withstand any selling, but pushed forward a bit. The Dow Jones beat out the S&P 500 and NASDAQ Composite for the second day in a row. Dow Transports jumped more than 3%. Volume did not overcome Wednesday’s volume, but...
Falling Dollar Lifts Stocks; NASDAQ Lags
A big move in crude oil and the dollar getting hit hard helped propel stocks well off their session lows during Wednesday’s session. Crude jumped nearly 9% on the day after falling 6% in back to back days. GOOGL and AMZN did not fare as well as the Dow Industrials as...
Crude Tumbles Again; Bonds Rally as Stocks Fall
Despite gains from Alphabet (GOOGL) the market could not hold off sellers as crude oil sunk more than 5% on the session. Bonds rallied on the day with the 10 year yield move below 1.9%. Why this is occurring is anyone’s best guess, but we are not about to argue with...
Crude Falls, but late Day surge lifts Stocks
NASDAQ 100 led the market higher while the S&P 500 and Dow finished flat on the session as crude oil prices slumped. Small caps fared the worst with a decline of 30bps. FB continued its march into new high territory while AMZN struggled again. Our FANG stocks have...
Big Wave Trading Weekend Update And Top Current Holdings
This weekend's update is a video commentary/lesson. Enjoy! https://www.youtube.com/watch?v=N5BeOM0O_1Y TOP CURRENT HOLDINGS - PERCENT GAIN - GAIN SINCE SIGNAL DATE UVXY long - +45% - 12/2/15 ANFI long - +33% - 11/16/15 AGRO long - +29% - 10/23/15
FB Leads NASDAQ Higher
Disappointing durable goods orders could not keep the market down as rising crude prices and FB pushed the market higher. First, FB reaction to earnings certainly boosted the market as the company destroyed expectations. Crude helped futures gallop higher after a...
Fed Fails to Inspire; FB soars on Earnings
A volatile session as early morning losses were erased after the European close only to be spoiled by the FOMC statement. All eyes were on the Fed with the statement release at 2pm EST would set the tone for the day. Volume was above average on the session and given...
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