COMMENTARY
Stocks Rally after Fed Loses “Patience”
All eyes were on the Federal Reserve statement today as many were looking for the word “patient” to be removed. Ahead of the statement the market sold off and as the statement neared sellers took control. Traders were certainly fearful of what the Federal Reserve...
Stocks Mixed ahead of Federal Reserve Meeting
Mixed housing data before the opening was completely ignored. What dominated commentary was whether or not the Federal Reserve would remove the word “patient” be removed. Housing starts plummeted 17% month-over-month. Building permits were up, but housing starts...
Stocks Advance in Light Volume; Crude Oil and Dollar Slip
A disappointing Empire Manufacturing figure did not sway buyers from pushing stocks higher today. The dollar took a breather from its current run as Crude Oil ended the day with a 43 handle. Volume was light, but it is typical for Monday’s to see light volume. It...
Weekend Free Stock Charts
A few charts posted to Stocktwits show some promise: LOCO, NXST, and PBYI (click charts for analysis): To get updates from Stocktwits follow Josh here. For access for our premium services click here. Take your trading to the next level with Big Wave Trading. Learn...
Big Wave Trading Weekend Update And Top Current Holdings
The Big Wave Trading portfolio underwent a few changes last week. By the end of the week, our models in the Nasdaq, Nasdaq 100, and Russell 2000 remained under a BUY operational condition. The SP 500, DJIA, and DJ-Transports switched from a BUY to a NEUTRAL...
Stocks Advanced as Volume Expands
Despite disappointing economic news stocks were able to rebound in healthy volume. The S&P 500 and Dow Jones Industrial averages regained their respective 50 day moving average. It was a very good sign the market was able to retake a key moving average...
Stocks Fall again in Light Trade
Today was a light day for economic data and futures pointed to a higher open. After yesterday's 300 point drop in the Dow it would be important selling would not accelerate. Once again weakness in the Euro and Yen was in focus. The Dollar index crept towards par on...
Dow falls more than 300 Points as Dollar Soars
Sellers woke up from the weekend and hit the market hard today with volume soaring along with the US Dollar. The Dow Jones Industrial average fell more than 300 points leading all indexes lower with the Russell 2000 holding up the best. Biotech stocks held up...
Stocks Rebound after Friday’s Dismal Session
Despite a seemingly solid jobs report sellers took to the market slamming it hard. Volume was up big on Friday as sellers were eager to dump stock. Today’s session was complete opposite where selling did not follow through and volume slumped. AAPL had a big day as...
Big Wave Trading Weekend Update And Top Current Holdings
The Big Wave Trading Portfolio remains under a BUY signal in every major market index except the NYSE. The NYSE model switched from a BUY signal to a NEUTRAL signal following Friday's sell off on heavier volume. All of the other models remain under a BUY signal but...
Follow BigWaveTrading
Follow BigWaveTrading on Twitter and StockTwits