COMMENTARY
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...
US GDP falls short; Fed holds off on Raising Rates
Not a surprise to see first quarter GDP disappoint as stocks are unable to find their way higher. The Federal Reserve policy statement failed to spark enough buyers to push stocks back to positive territory. Another weak close for the entire market as we continue to...
A Wild Ride as Stocks Close Mixed
A pop at the open was quickly erased as sellers rushed into the market pushing to the lows of the session. Case-Shiller home prices showed some decent gains helping ease some of the premarket selling in futures. The selling came fast and furious, but in this...
Nasty outside Reversal Casts Shadow over Markets
Early morning rise in futures and subsequent open to the market eventually caved and ushered in heavy volume selling. Markit released its PMI reading and it was slightly weaker than expected, but did not hold back the equity markets from rallying just after the...
Big Wave Trading Weekend Update And Top Current Holdings
The Big Wave Trading market models are currently mixed, following last week's gains in the market, with the Nasdaq, Nasdaq 100, SP-500, and NYSE all under operational BUY conditions. The DJIA, DJT, and Russell 2000 remain under an operational NEUTRAL signal. Even with...
A Weak Close Blemishes A Good Day
As the 3pm hour began it appeared this market was ready to rocket higher. Continuing with the trend sellers were able to push the market off their highs of the session. The market did not start of strong with weak economic data hitting the wires. However, buyers...
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