COMMENTARY
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...
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,...
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