COMMENTARY
An Uneventful Day in Stocks; Yields Rise
Kicking off the day the market was hit with weak retail sales for the month of April. Bond yields headed lower as many thought the Federal Reserve rate hike would be pushed back. The NASDAQ was the initial beneficiary of buying at the start of the session, but would...
Turnaround Tuesday lives up to its Name
Futures were pointing to a much lower open after global bond yields were racing higher. Fears over a Federal Reserve rate hike certainly were running rampant throughout the market, but buyers were not about to go quietly in the night. Lows of the day were set very...
Energy Sector Weighs on Stock Market; Small Caps Gain
It appeared as if we have begun summer trading with light volume and boring trading session. There were pockets of excitement, but overall it was relatively quiet trading session. Energy was a big draw on the market overall with Utilities sluggish as well. Crude...
Big Wave Trading Weekend Update And Top Current Holdings
The Big Wave Trading models remain under a system wide operational NEUTRAL condition following the strong move on Friday. While our models have done some minor switching the past 2 1/2 months our overall bias continues to be extremely neutral. The neutral bias is due...
Another Weak Close as Stocks Rebound after Wednesday’s Selling
Just as IBD indicates the market is in correction mode we get a bounce in the stock market. Volume was lower across the board as institutions were not all that giddy piling into stocks. IWM saw positive price action clearing yesterday’s high. On the negative side...
Yellen Valuation Comments help Push Market Lower
A day after we entered into a sell mode the market continue to sell off in mixed trade. Volume ended just lower on the NYSE, but nearly 6% higher on the NASDAQ. IBD joined in on the correction mode as it flipped its model into correction mode. Leading stocks...
Markets Hit Sell Mode as Heavy Volume Selling Grips Stocks
Yesterday’s light volume affair was not enough to entice buyers back into the market. The NASDAQ took the brunt of the selling lead by the larger cap stocks within the index. Over in the S&P 500 it was utilities leading the charge lower. Investors appear to be...
Boring Day as Stocks Inch Higher
Anyone watching the market today was more than likely bored to tears. Today we witnessed a light volume trading session with very little in the way of excitement. You do get these types of days every now and again, but the key is not to force trades. A theme of...
Big Wave Trading Weekend Update And Top Current Holdings
Aloha everyone. The Big Wave Trading market models are currently under an across the board operational NEUTRAL condition with the Russell 2000 under an operational SELL condition. We continue to hold our long-term winning stock positions and are currently around 60%...
Distribution Shakes the Market
Following through on yesterday’s poor action sellers hit the market hard once again today. End-of-the-month volume pushed the market to a distribution day across the board. Today’s session knocks us back into neutral mode as this selling pressure continues to...
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