COMMENTARY
Stocks Give up Yesterday’s Gains; Fed releases Minutes
An eventful day as we had the NYSE halted for 3.5 hours and the Federal Reserve meeting minutes. At least for a while Greece and Chinese stocks took a back seat. Volume was considerably lower on the NYSE, but the reason is pretty obvious. NASDAQ volume was light on...
Greece Comes to the Table; Stocks Rally
Early morning selling was quickly erased when news wires caught a headline Greece was coming back to the table with its creditors. Whether or not a deal comes to fruition is anyone’s guess. However, we cannot argue with a big price reversal with volume behind it....
Final Hour Buying Lift Stocks off their Lows
Greece has certainly let its voice be heard Vis a vie its referendum vote on Sunday evening. Futures took a large hit Sunday night and recovered a bit throughout the morning. Buying picked up just after the morning bell struck. Closing the gap created by the Greece...
Big Wave Trading Weekend Update And Top Current Holdings
The Big Wave Trading models are under an across the board operational NEUTRAL/SELL condition following the sell off on 6/29 on very strong volume. The NYSE and DJT are under an operational SELL signal while every other major market average is under an operational...
US Stocks Lower ahead of Holiday Weekend
The market is appears to be waiting on the Greek referendum on Sunday. Volume fell on the session as it appears many were ready to start the holiday weekend early. We cannot blame them one bit. Today’s action was neither favorable to the bulls or bears. Whether or not...
Stocks Extend Gains for Second Straight Day
The first day of the third quarter started with solid gains. Greece remains a focal point for CNBC and other media outlets. Is there or isn’t there an agreement in place? The market has essentially recaptured the losses from Monday’s session and we are back where we...
Market Rises on Hope of a Greek Debt Deal
After yesterday’s selling there was some hope a Greek deal could be had by the end of the day. Stocks were higher across the board with the NASDAQ leading the charge. Blame will solely be placed at the feet of the Greek politicians if this market rolls over. However,...
Stocks Slammed as Greece nears Default
Over the weekend news of Greeks queuing for ATMs certainly has caused market participants to think again when it comes to the Greek situation. Sellers took to the market selling stock as technology stocks led the declines. US treasuries are where many risk adverse...
Big Wave Trading Weekend Update And Top Current Holdings
The Big Wave Trading models received no signal switches the past week, despite the weak price action. The Nasdaq and Russell 200 remain under clear uptrends and thus remain under operational BUY signals. The DJIA, SPX, and NYA are still going nowhere overall and...
Stocks End Session Lower; Healthcare gets a boost from SCOTUS
Early morning gains were erased despite Obamacare receiving a favorable ruling from the Supreme Court of the United States (SCOTUS). Healthcare certainly received quite a boost from the ruling with quite a few healthcare names racing higher. Preliminary volume figures...
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