COMMENTARY
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio Models remain under an across the board operational SELL mode. The rally this past week was accompanied by lower volume on each successive day of the rally attempt and the V-shaped move straight off the lows suggest we will have to...
Extreme Volatility Continues
Thursday’s market certainly was witness to another extreme intraday session. The NASDAQ was up 115 points on the session and the Dow was up nearly 370 points. However, that was not the case just after 3pm eastern. The market was sinking to new intraday lows and was...
8/27/15 Big Wave Trading Video Lesson
https://www.youtube.com/watch?v=hOrP5_Ex1do
Stocks Finally Close Green; NASDAQ Leads Market Higher
After gapping to the positive side the market drifted lower for much of the morning and into the afternoon. Durable Goods headline was better than expected, but underneath the report there were a few warning flags. We did see buying interest jump just after one in the...
Carnage at the Close; Stocks Fall Again
After an impressive open the final hour of trading saw the NASDAQ lose more than 100 points and the Dow lose more than 500 points. The selling was relentless at the close and completely shut down the morning rally after the Chinese cut lending rates. We continue to...
Epic Volatility Hits the Street; Stocks Lower
Overnight the markets were rocked by Chinese markets as the Shanghai crashed more than 8%. Concerns over the Chinese economy and its ripple effects were the talking heads excuse for the selling. The Dow has been in a downtrend and the S&P 500 has been able to...
Big Wave Trading Update And Top Current Holdings
Stocks were absolutely gutted on Friday, following a nasty sell off on Thursday, on extremely large volume. The back-to-back sell offs look extremely similar to another period of time when we sold off hard on huge volume near recent all-time highs right before the...
Stocks take a Pounding
Sellers continued their conquest today with pushing stocks below multi-month lows. Volume jumped 11% on the NYSE and more than 18% on the NASDAQ. We are certainly entering in a dangerous market where things can get out of hand real quick. The VIX was up more than 25%...
A Roller Coaster Ride for Stocks; Weakness Prevails
A wild ride for stocks today as indexes erased more than 1% in losses only to close lower on big volume. The VIX closed higher above its 50 day and 200 day moving average. At 2pm at the release of the latest FOMC meeting minutes it appeared stocks had set a bottom and...
Shanghai Drops 6% Overnight; Economic Data Continues to Disappoint
Overnight we saw the Shanghai lose more than 6% on above average volume. Economic data fails to impress, but this is the norm. Selling was persistent throughout the session. The NASDAQ fell below its 50 day moving average in a sign this market is still in slop and...
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