COMMENTARY
Stocks Halt Win Streak
The market could not hit its first 5 day rally of the year as sellers took to the market by the end of the session. Volume was mixed on the session as BAC helped boost turnover on the NYSE. Biotech remained on a tear as IBB hit another all-time high. Today was a...
Market makes it Four Straight Days of Gains
Despite poor retail sales stocks bounced higher for the fourth straight session. Energy and Biotech stocks led the overall market today. Energy seems to be finding support at early 2015 lows. Biotech continues its run despite fundamentalists crying foul over earnings...
Greece is fleeced; Stocks Higher
A solid session to begin the week as Greece gets a deal and the market has three new horsemen. Over the weekend Greece was taken to the woodshed approving a deal the Greek people voted down just a week ago. The market did no care whether or not it was a good deal or a...
Big Wave Trading Weekend Update And Top Current Holdings
The Big Wave Trading portfolio models are under a mixed set of conditions with the COMPQ, NDX, and RUT under operational NEUTRAL conditions and the SPX, NYA, DJIA, and DJT under operational SELL conditions. Despite the NEUTRAL/SELL conditions, the Big Wave Trading...
Gains Fizzle as Fears over Greece Continue
Early morning futures were higher as global stocks rebounded. Shanghai shares were able to find their footing, but with nearly 50% of shares halted it is hard to tell whether or not this is real. Volume fell across the board as summer trade sets in. The end of the...
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...
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