COMMENTARY
December Starts on a Positive Note
Disappointing economic data would not derail the market from pushing higher. Led by the S&P 500’s 1.07% gain the market enjoyed gains across the board. Lagging behind the major indexes were small cap stocks as they continue to lag well behind the major market...
November closes on a Sour Note
We hope everyone had a nice Thanksgiving. November closed out with selling after disappointing economic news hit newswires this morning. Most notably, the Chicago PMI fell to 48.7 (contraction) with expectations of the index at 54.0. Volume was up across the board as...
Big Wave Trading Weekend Update And Top Current Holdings
Aloha everyone. I hope you all had a wonderful Thanksgiving holiday weekend. As we head into the new week, the overall market appears to be on some solid footing, with all the major market indexes trending higher off their October lows. Our market models remain mixed...
Small Caps Start the Holiday Week with Gains
Welcome to a holiday shortened week with a half day on Friday capping the week. The market was met with disappointing economic data as all releases missed their expectations. Buyers pushed the market higher, but were unable to sustain the higher prices. Volume was...
Big Wave Trading Weekend Update And Top Current Holdings
The Big Wave Trading models remain mixed with the Nasdaq and Nasdaq 100 operating under a BUY signal and the NYSE, SP-500, DJIA, and Russell 2000 operating under a NEUTRAL signal. Despite the mixed signals, we are fully invested on the long side (with a small UVXY...
Volume Fades as Stocks Close in the Red
Small cap stocks continue to fall back further away from its large cap brethren. Volume was decidedly lower than yesterday’s level. It is always nice to get the market to take a breather after such a move like yesterday. Wednesday’s action was certainly the...
Fed Minutes boosts Stock Prices
The guessing game continues as the latest Federal Reserve meeting minutes were released Wednesday at 2pm EST. This market continues to rebound after last week’s selling. It is intriguing the market was selling off all week long ahead of the attacks in Paris just a...
Afternoon Selling Sours Early Morning Gains
A sluggish start for stocks did not last too long as buyers began to pour into the market. Unfortunately for longs buyers did not stay around long enough to hold the intraday gains. Volume was up across the board with NYSE volume up more than 17%. NASDAQ volume was...
Markets Shake off Terror Threat ends Higher
After the events in Paris this market could have easily headed lower on fears of more attacks. There were plenty of stocks sporting big volume bars today despite overall volume light compared against Friday’s level. The market at the open did hit daily extreme...
Big Wave Trading Weekend Update And Top Current Holdings
This past week was a rough week for most of us here at Big Wave Trading as an orderly pullback turned into some nasty distribution at an extremely rapid pace. However, in light of the tragedy that unfolded in France on Friday, everything is obviously relative. That...
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