COMMENTARY
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...
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...
Follow BigWaveTrading
Follow BigWaveTrading on Twitter and StockTwits