COMMENTARY
Another Mixed Session; NASDAQ Extends Streak to 7
Greece continues to dominate the headlines and the US Stock market continues to push aside the risk. PCLN was a big driver in the NASDAQ’s move today as the index closed in positive territory for the seventh straight session. Volume dropped on the session as the...
NASDAQ Closes Positive for the Sixth Straight Session
Today’s market was able to shake off fears from Greece and what was lurking in the Federal Reserve meeting minutes. Starting the session economic data was less than desirable, but bad news typically has been good news. Greece was in the spotlight as the country was...
Late Surge Helps Stocks Close in Positive Territory
A light day in economic data, but most eyes were on the bailout talks between the EU and Greece. US Equity futures initially indicated a much larger move to the downside. However, by the open these losses were minimalized. Much of the session stocks traded in a...
Big Wave Trading Update And Top Current Holdings
Ever since QE started in 2008 there have been very rare incidences where we could say with some confidence that the current situation looked bullish or bearish. The lack of prices responding how they normally respond to certain situations has definitely made investing...
NASDAQ Reaches Escape Velocity as Volume Swells
A solid session with volume expanding and healthy price movement. Most notably was the NASDAQ clearing its most recent resistance level. The S&P 500 remains locked within its recent consolidation and we will need to keep an eye on the index right here. It was...
Stocks Closed Mixed as Greece Fears Weighed on Traders
A roller coaster day in the market ends with prices near unchanged for the day. As noon time rolled around it appeared as if sellers were going to push the market much lower. Only to see buyers gain the upper hand and set a new high just before the last half hour of...
Volume Jumps alongside Stock Prices
AAPL sets a new all-time record as stocks move higher behind solid volume. After stumbling after the open buyers were able to push stock prices higher. Volume expanded on the session as buyers were willing to step up and support higher prices. A good sign to see...
Stocks Start the Week on a Sour Note
Today’s light volume session kicked off the week with the broader market moving to the downside. The light volume on the NASDAQ and NYSE simply indicates there was not a full scale assault on stocks by institutional investors. On the positive side of things, the...
Big Wave Trading Update And Top Current Holdings
The Big Wave Trading models are all currently under a NEUTRAL operational condition. Despite the big gains last week, there was not enough breadth and volume strength in the overall market to warrant an early switch to a BUY operational condition. The first test so...
Small Caps Lead a Light Volume Session
Today’s stock market session was a positive one as small caps leading the way. Volume did not meet expectations, but given the big moves over the past few sessions it is not a surprise. It was nice to see the market reverse yesterday’s losses after the ECB...
Follow BigWaveTrading
Follow BigWaveTrading on Twitter and StockTwits