COMMENTARY
Jobs Report fanfare wears off Quickly; Markets Lower
After Friday’s stellar gains after the November jobs report was released it appeared the market was ready to rocket higher. Last Wednesday and Thursday’s action was not ideal looking very suspect. We certainly preached some caution, but did not bail like many we saw...
Big Wave Trading Weekend Update And Top Current Holdings
Well that was a fun little mini-roller coaster ride the past week. Due to the market's volatility this past week, our operational models switched from BUY back to NEUTRAL. 2014 and 2015 continue the theme of volatile choppy trading that is causing our models to switch...
Ugly Session as Distribution strikes Again
The ECB and Janet Yellen could not sway buyers into the market as another distribution day hits the market ahead of the November jobs report. Selling did not intensify until the afternoon as volume jumped on the NYSE. The NASDAQ volume did not eclipse yesterday’s...
Yellen spooks Stocks as Volume Spikes
Janet Yellen’s rhetoric all but points to a rate hike in two weeks at the next Federal Reserve meeting. Today’s Beige Book revealed moderate growth in the economy and the Federal Reserve believes it has hit its employment mandate. Sellers took to the market once...
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...
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