COMMENTARY
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...
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...
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