COMMENTARY
Chop and Slop Continues March Closes with a Whimper
This market continues its choppy nature with the Dow falling 200 points, but small caps held up relatively well. Weighing on the S&P 500 today were health care and industrial stocks. Closing lower by nearly 90 basis points the S&P 500 had a difficult time...
Markets Jump; Volume Mixed
Nice day across the board with solid price gains despite mixed volume. The NASDAQ enjoyed solid gains with volume higher on the exchange. NYSE volume ended lower, but typical for a Monday session. This week is a holiday shortened week with Friday’s Good Friday...
Big Wave Trading Weekend Update And Top Current Holdings
The Big Wave Trading portfolio is under an operational NEUTRAL signal across the board, following Wednesday's surprise no news heavy volume sell off. It is extremely rare to almost non-existent to see our model switch from a BUY signal to a NEUTRAL signal right after...
Stocks Find Support, but Close Lower
Fears over the dollar, plane crash, and potential war in Yemen had many traders scared this morning. Heavy selling began the day and it appeared as if we were heading down the same path as yesterday’s market. As the early afternoon progressed it appeared we were...
Intraday Watchlist March 26th, 2015
Back to back Distribution Days is never a good sign. There are many breakdowns and biotech stocks continue to be leading us to the downside. 3 week tight patterns are still in play, but given the overall direction of the market we may not see these move higher. 3...
Stocks Suffer Heavy Losses
Economic data as a whole continues to disappoint, but what took center stage today was the heavy volume selling across the board. Kicking off the day was big merger news with Kraft and Heinz. CNBC was very happy to get Warren Buffett on the phone as Berkshire...
Distribution Hits the Market
Volume was higher on the NYSE giving the S&P 500 a day of distribution, but it was below average. Selling hit the market just after noon eastern and continued throughout the afternoon until the close. NASDAQ experienced higher volume than yesterday giving it a...
Stock Retreat after Final Hour Selling; Volume Drops
Coming off Friday’s big day the markets took a day off from pushing higher. Biotech stocks took a big hit as there were plenty of negative stories over the weekend. Volume was certainly lower after Friday’s quadruple witching, but it was also below its 50 day...
Big Wave Trading Weekend Update And Top Current Holdings
The Big Wave Trading models are currently under an operational BUY signal across the board without any negatives weighing against the models. There is a possibility, however, that prices will have a tough time moving higher from the levels that we are currently at in...
Light Volume Session as Market Digests Fed Meeting
As March Madness begins the market had a solid quiet inside consolidation day. Biotech stocks were once again the talk of the town as many stocks were jumping higher. Once again small cap stocks were the winners today with the NASDAQ Composite just behind. The Dow...
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