COMMENTARY
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...
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...
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