COMMENTARY
Big Wave Trading Weekend Update And Top Current Holdings
The Big Wave Trading models remain mixed with the Nasdaq and Nasdaq 100 operating under a BUY signal and the NYSE, SP-500, DJIA, and Russell 2000 operating under a NEUTRAL signal. Despite the mixed signals, we are fully invested on the long side (with a small UVXY...
Volume Fades as Stocks Close in the Red
Small cap stocks continue to fall back further away from its large cap brethren. Volume was decidedly lower than yesterday’s level. It is always nice to get the market to take a breather after such a move like yesterday. Wednesday’s action was certainly the...
Fed Minutes boosts Stock Prices
The guessing game continues as the latest Federal Reserve meeting minutes were released Wednesday at 2pm EST. This market continues to rebound after last week’s selling. It is intriguing the market was selling off all week long ahead of the attacks in Paris just a...
Afternoon Selling Sours Early Morning Gains
A sluggish start for stocks did not last too long as buyers began to pour into the market. Unfortunately for longs buyers did not stay around long enough to hold the intraday gains. Volume was up across the board with NYSE volume up more than 17%. NASDAQ volume was...
Markets Shake off Terror Threat ends Higher
After the events in Paris this market could have easily headed lower on fears of more attacks. There were plenty of stocks sporting big volume bars today despite overall volume light compared against Friday’s level. The market at the open did hit daily extreme...
Big Wave Trading Weekend Update And Top Current Holdings
This past week was a rough week for most of us here at Big Wave Trading as an orderly pullback turned into some nasty distribution at an extremely rapid pace. However, in light of the tragedy that unfolded in France on Friday, everything is obviously relative. That...
Distribution Strikes the Market as NASDAQ tests recent Breakout
Heavy volume hits the market hard with small caps taking the brunt of the selling. Energy and Materials led the S&P 500 lower as commodity prices continue to slide. Lends to the question if the economy were strong wouldn’t commodity prices be at least stable?...
Volume Slows as Stocks Slide
For the most part today was a pretty decent day of consolidation for the overall market. Early morning gains were quickly erased before the market could really get its feet underneath itself. Selling was not unrelenting as volume was well under Tuesday’s level. Small...
NASDAQ Lags the Broader Market Trend Remains in Place
AAPL weighs down the NASDAQ as the broader market is led by the Russell 2000. It was nice to see small caps have a nice session, but the Russell 2000 remains well behind the NASDAQ 100 and S&P 500. Suppliers for AAPL did not have a good session, but aside from a...
Late Day Rally Lifts Stocks off their Lows
Light volume selling was the story for much of the trading session until the final hour as buyers flood the market lifting the market off its lows. Monday’s continue to be light volume trading affairs. Tomorrow we will see volume return and it will be interesting to...
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