COMMENTARY
Stocks Fall Volume ticks Higher
Stocks fell today as volume across the board rose. Sure, fears over Greece is pretty easy to blame. However, this market has been in a steady uptrend and seeing a bout of selling is not out of the ordinary. According to IBD the distribution day count has crept higher...
Intraday Watchlist June 24th, 2015
Futures are lower after spending Monday and Tuesday mostly higher. No real surprise we would see this market pull back somewhat. Here is what we are watching intraday: 3 Weeks Tight: DGII EQIX SKX VMC LAD MLM PLAB MSCC NVR CAVM DAC Potential Longs: WATT DXM YOD MEET...
NASDAQ and Russell 2000 Notch more All-Time Highs
Economic data continues to be largely ignored as we did see a mix of economic data. Housing appears to have been better than expected while durable goods failed to meet expectations. Futures simply ignored the news and marched forward. Early morning gains were quickly...
Stocks Higher as Greece dominates Headlines
At least for now Greece is not in default and sent into a death spiral. European stocks jumped the most with the German DAX jumping more than 3%. The US indexes benefited from the rise in European shares, but didn’t get the price gains. Volume was lower across the...
Big Wave Trading Weekend Update And Top Current Holdings
The Big Wave Trading Portfolio remains under a mixed bag of signals with only one change this past week. The SP-500 switched from an operational NEUTRAL condition to an operational BUY condition following the powerful move on Thursday. The SPX joined the COMPQ, NDX,...
NASDAQ Clears 2000 High; Bull Market Marches On
Stocks brush aside fears over a Greek default and push higher. Those who have been following the price of leading stocks have noticed the underlying bullish nature of this market. We have been long this market and were rewarded today. Opinions simply do not matter and...
Stocks Rise after Fed Statement
Post Fed stock market action lived up to its past history with a big move after the Fed Statement was released. Sellers were able to knock the market into negative territory just after 11amEDT. However, buyers cheered the FOMC statement as well as Janet Yellen’s...
Intraday Watchlist June 17th, 2015
Futures are lower, but well off their lows. My bias is to the upside for the market. I think the EU flinches. 3 Weeks Tight: SBUX MLM SCI VMC MSCC PLAB HCKT GIG DGII NVR NCOM DAC Potential Longs: AXPW AMCN PPCH TPIV VUZI Potential Shorts: NUGN JIDG We'll see you in...
Small Caps Lead as Traders await FOMC Announcement
Stocks build upon yesterday’s gains, but volume slides ahead of tomorrow’s FOMC meeting conclusion. We are not about to argue with today’s price gains. Building on yesterday’s move off the lows is certainly good news. However, we continue to see this market inability...
Stocks Find Support at Last Week’s Lows; Volume Jumps
A fear over a Greek default continues to dominate headlines, but today’s action was not as bad as it could have been. Technically speaking today was a distribution day with volume rising on heavy price declines. However, given the move off the lows of the session it...
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