COMMENTARY
Stocks Rebound after dismal Economic Data
A terrible reading from the Empire Manufacturing survey sent stock futures lower. Early morning weakness would give way to buyers as a slow "melt up" would lift the NASDAQ Composite and S&P 500 back above their respective 50 day moving averages. Volume was mixed...
Big Wave Trading Portfolio Update And Top Current Holdings
Another week of summer trading came to a close on Friday with stocks managing to rally on paper thin volume in slow listless trading. This little rally closed out a week where stocks were able to bounce but unfortunately bounce with no conviction, fear, or volume....
Late Day Selling knocks Stocks Lower
All appeared well until the final hour of trading. Retail sales kicked off the morning with month-over-month figures coming in-line expectations. Crude oil continues to sink to multi-year lows and there is no end in sight. This market simply could not follow-up...
Markets Erase Losses; Volume Jumps
A wild day on Wall Street as the stock market takes a roller coaster ride finishing in the green. Volume jumped day-over-day as selling volume was gigantic early this morning. AAPL kick started the rally with its losses being reversed by lunch time. Others followed...
Intraday Watchlist August 12th, 2015
Futures are getting hit once again after yesterday’s sell-off. Tread carefully. Here is what we are watching intraday: 3 Week Tight: ROST ANET MASI JKHY ECPG VASC HEOP Potential Longs: TTI FORD TUBE DNRG Potential Shorts: AQXP AREN NUGN See you in the chat...
Be Careful What You Wish For
Monday's rally was fueled by speculation the Chinese government was ready and willing to do another round of stimulus to boost its economy. What we got was the Chinese government was another county entering the current currency wars. Devaluing the Yuan was a surprise...
Chinese Stimulus Credited for Stock Market Rally
Overnight there were dismal economic data out of China, but like magic hopes of stimulus from the most populated country helped send its markets higher. Like a trickle-down effect world markets followed suit. US futures were certainly higher reacting to world markets....
Big Wave Trading Weekend Update And Top Current Holdings
Major market averages sold off on Friday on lower volume across the board. Along with the lower volume, major market averages staged a decent rally off the intraday lows, mitigating the damages from the intraday session. However, for those that want to see the market...
Selling Continues as NASDAQ dives below its 50 Day
A late afternoon rally lifted stocks into the close, but the selling throughout the day took a toll on the market ahead of Friday’s job report. The NASDAQ lead all major market averages lower as volume rose on the session. Another negative sign was the index moving...
Afternoon Selling Knocks Stocks off their Highs
A weakier than expected ADP report pushed futures higher prior to the open. Weak data is perceived as a positive as the Federal Reserve is data dependent. Any possibility the Fed pushes out hiking rates will be seen as a positive. DIS shares were lower as the company...
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