COMMENTARY
Volume Plummets as Stocks end the Day Lower
We continue to see a market not ready for the prime time. Some good news from economic data this morning as both mortgage applications and Markit’s Manufacturing PMI data came in better than expected. Mortgage applications for the week jumped more than 13.9% and PMI...
Stocks Down Again; Volume Jumps
Following Europe's lead the US markets ended the day lower on higher volume. Europe really got things moving with the DAX nearing August lows. A late day rally did take the sting away as the NASDAQ was down more than 100 points at its lows. Volume was up day over day...
Biotech Slumps; Dow up 125 points
Overnight futures were higher coming into the open as hopes over MORE QE spread like wild fire. Existing home sales dropped more than expected leading to questions over the stability of the housing market. Just before noon time Hillary Clinton’s tweet over price...
Big Wave Trading Weekend Update And Top Current Holdings
The Big Wave Trading models remain under an across the board SELL signal and have been operating under this signal since 8/20 after being under a mix of SELL and NEUTRAL signals since 6/29. While our models remain under an operational SELL signal, the market has...
Zero Rates Remain as FOMC Holds Steady on Current Policy
What a wild day in the markets. Prior to the Fed announcement the market caught a bid. For a while from 2:04pm EDT to about 3pm it appeared as if we were going to rocket higher. The NASDAQ cleared its 200 day and then 50 only to see those gains evaporate in less than...
Stocks Continue Advance Ahead of FOMC
Today was a solid session with volume and price ruining in the same direction. Where the rubber meets the road will be tomorrow and the coming days after the Fed. How will the markets react is something every Tom, Dick, and Harry will be trying to predict. Let's not...
Stocks Rebound back to Last Week’s Highs
A disappointing day for economic data as Retail Sales and Empire Manufacturing missed their targets. Empire Manufacturing fell well below expectations indicating a slowing at least in the manufacturing sector. Buyers would quickly step in despite a sluggish start and...
Stocks Slide as Traders Await FOMC Rate Decision
A typical trading session for a Monday as volume came well under Friday’s level. It is an option expiry week as well as a FOMC meeting week. Thursday is the big day where we will find out if the Fed will raise interest rates for the first time since the financial...
Big Wave Trading Weekend Update And Top Current Holdings
Friday’s session was definitely lackluster with not much excitement. That being said, the gains on the session were pretty solid and a very bullish close bodes well for more potential short-term price appreciation. However, before bulls get too excited, remember that...
Stocks end off their Highs; Volume Mixed
A slow start to the session today as yesterday’s session left many gun shy. Two intraday buying sprees helped push the market to their highs of the session. Unfortunately, the market was unable to hang onto these gains. While we were able to close positive it was not...
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