COMMENTARY
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...
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...
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