COMMENTARY
Stocks Rebound in Light Turnover; Jobs Data Eyed
For the most part, economic data has not been stellar. Those who are bearish on this economy continue to point out how we are overvalued on every metric. Unfortunately for those who continue to fight this market have been bitten pretty hard. We had a decent rebound...
Volume Ends Mixed; S&P 500 is hit with Distribution
Positive data from the ADP Employment report and ISM Non-Manufacturing index couldn’t help the markets from selling off from the market open. Sellers were in complete control, but it wouldn’t be long before the NASDAQ would find support. A concern of ours would be...
Distribution hits NASDAQ
The day after the NASDAQ hits 5000 for the only third time in its history distribution hits the very next day. It was not all bad news as the NASDAQ Composite was able to close above its mid-point of the session. Volume fell on the NYSE as the S&P 500 escapes...
Stocks Set More All-time Highs; NASDAQ Closes Above 5000
March kicked off with more new highs and the NASDAQ Composite index closing above 5000 for only the third time in its history. The last time the NASDAQ was at these levels was March 2000! All-time highs for the Dow and S&P 500 is not a bearish signal, but many...
Big Wave Trading Update And Top Current Holdings
Stocks continued their strong uptrend the past week but on Friday we finally saw a day of distribution hit the entire market that suggest prices could pull in here. The pullback on Friday was to be expected as the Nasdaq was up 10 sessions in a row with the last six...
NASDAQ Leads a Mixed Session as Volume Jumps
A solid session all around with leading stocks showing power despite the Dow and S&P 500 closing lower on the session. The NASDAQ is nearing the 5000 level a mark it has not seen in over a decade. Volume was higher across the board in a good show of support for...
NASDAQ Stalls ending win Streak
Finally, the NASDAQ ends lower for the first time in two weeks. AAPL dropped more than three points putting pressure on the NASDAQ. Today was a light day on the economic data front as existing home sales were better than expected, but still fell month-over-month. ...
Dow and S&P 500 Reach another Record High
The Dow Jones Industrial Average and S&P 500 hit another record closing as volume rose across the board. Janet Yellen’s testimony provided few fireworks, but we did find out rates are not about to rise any time soon. Aside from Yellen’s testimony we had a pretty...
AAPL Propels NASDAQ to 9th Straight Positive Close
For the ninth straight session the NASDAQ closed with gains. Crude oil slipped below $50, but the market is focused on Janet Yellen’s testimony tomorrow morning on Capital Hill. The stock market has all but ignored the situation in Greece as the country looks to...
Big Wave Trading Update And Top Current Holdings
The Big Wave Trading portfolio is currently under an across the board operational BUY mode with no pressures weighing against this signal. Major market averages are hitting new highs with no distribution pressure, our momentum oscillators (TSV, MACD, Stochastics, and...
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