COMMENTARY
ECB Headline Knocks Sends Stocks Lower
The market was looking solid until the ECB headline on Greek debt. Biotech stocks were hit hard to start the day with disappointing earnings set the tone for the NASDAQ early on. The Dow Jones Industrial average erased early losses due to a boost from DIS after the...
Dow Jumps more than 300 Points; Volume Expands
Traders get another day of gains as crude oil jumps more than 7% on the session and the market is led by energy names. A sign of strength was certainly the volume expanding day-over-day as institutions were active in accumulating shares. We still remain in a...
Stocks Kick Off February with Gains
A late day rally helped kick the month of February off with solid gains across the board. Led by energy the S&P 500 closed higher by 1.3%. The Dow Jones Industrial average followed up with a gain of 1.14%. Lagging the session was the NASDAQ and Russell 2000. ...
Big Wave Trading Update And Top Current Holdings
Well that got ugly fast. The past five days has seen my outlook on this market drastically change. The deterioration in the Big-Cap technology related stocks and the Big-Bank stocks is beyond concerning. These stocks have put in roll over tops, H&S tops, and other...
Stocks Find Support near Recent Lows
Today’s session did not start off very well and at a few points looked as if the December lows would no longer hold up as support. As if by magic just after 11am buyers began to pick up momentum and eventually a powerful force. Volume slipped on the NASDAQ, but on...
Hawkish Fed Sends Stocks Lower
The market received an early boost from AAPL and YHOO, but it would not last long. All eyes were on the Federal Reserve and its policy statement. Many were expecting the normal dovish Fed waiting on raising interest rates. However, the Federal Reserve turned...
MSFT and CAT Weigh on the Market; FOMC Policy Statement Awaits
Earnings continue to pour in this morning was not a pretty sight. Monday night MSFT reporting earnings disappointing the street. The stock was down more than 7% and it continued on Tuesday. Prior to the market open CAT missed and missed badly sending the stock...
Stocks Shake off Early Morning Losses; Small Caps Shine
Ahead of a major winter storm hitting the Northeast of the United States stocks were able to push off the lows of the session. Greek elections were big news and late Sunday night they were negatively impacting futures. Futures would not be held down for very long...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading models are under an operational BUY signal across the board following Thursday's session where the major market indexes convincingly retook their 50 day moving averages on well above average volume. The switch on Thursday was a rare one where our...
New Uptrend is Confirmed; ECB QE Higher than Expected
After a shaky start to the session the stock market was able to find its footing confirming a new uptrend. A solid day all around for the stock market with volume higher and solid price gains. ECB announced its QE program to the tune of 60 billion Euros a month. At...
Follow BigWaveTrading
Follow BigWaveTrading on Twitter and StockTwits