COMMENTARY
Stocks Rebound back to Last Week’s Highs
A disappointing day for economic data as Retail Sales and Empire Manufacturing missed their targets. Empire Manufacturing fell well below expectations indicating a slowing at least in the manufacturing sector. Buyers would quickly step in despite a sluggish start and...
Stocks Slide as Traders Await FOMC Rate Decision
A typical trading session for a Monday as volume came well under Friday’s level. It is an option expiry week as well as a FOMC meeting week. Thursday is the big day where we will find out if the Fed will raise interest rates for the first time since the financial...
Big Wave Trading Weekend Update And Top Current Holdings
Friday’s session was definitely lackluster with not much excitement. That being said, the gains on the session were pretty solid and a very bullish close bodes well for more potential short-term price appreciation. However, before bulls get too excited, remember that...
Stocks end off their Highs; Volume Mixed
A slow start to the session today as yesterday’s session left many gun shy. Two intraday buying sprees helped push the market to their highs of the session. Unfortunately, the market was unable to hang onto these gains. While we were able to close positive it was not...
Major Reversal Casts Doubt over Confirmed Market Rally
Today’s stock market session was not what the bulls wanted to see. The delusional bull will see right past today’s heavy volume reversal, but the prudent investor knows better. While we are neither bulls nor bears today’s session certainly puts the odds heavily in...
NASDAQ Confirms Rally Attempt; NFLX Sours
Welcome back from a long weekend. Stocks cheered the return of the market after having Monday off. The NASDAQ was certainly excited to be back as the index soared more than 2.7% as volume jumped double digits. Volume was below its 50 day volume average. The Dow was up...
Big Wave Trading Weekend Update And Top Current Holdings
Happy Labor Day everyone. I hope every is having a nice long three-day weekend. The Big Wave Trading models are under SELL conditions across the board as the current bounce off the 8/24 lows continues to lack any real price or volume momentum. This is no surprise as...
Stocks Rebound from Tuesday’s Slump; Volume Slides
It did not take long for the market to rebound from yesterday’s losses. The top sector in the S&P 500 was Information Technology followed by Industrials. Utilities were the worst performing sector with only a one basis point move higher. Volume was lower across...
September Kicks off with a Thud
Global concerns over the Chinese markets spilled over across the globe. The Dow was down nearly 500 points today and the NASDAQ off more than 140 points. Volume jumped across the board as sellers continue to punish the market. Volatility continued its move higher...
Stocks Closeout August on Low Note
A wild month for stocks ends on a sour note. Last Monday we saw the NASDAQ drop more than 8% and the Dow fell more than 1000 points. It has been a rough month for longs and volatility has spiked. We are now faced with the weakest month for stocks: September. Today’s...
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