COMMENTARY
Market Awaits ECB QE Program
Today was a light trading day on Wall Street as many await the ECB’s announcement of its own Bond buying program. Once again small cap stocks lagged behind the general market closing lower by more than 30 basis points. Volume was lighter on the session and it does...
Small Caps Lag as NASDAQ Leads Market Higher
Hopes over a new European Quantitative Easing program boosted US futures early. Bank earnings have been disappointing and MS followed the trend releasing earnings at 7am. The lone piece of economic data was the NAHB Housing Market Index and it disappointed by one...
Big Wave Trading Portfolio Update And Top Current Holdings
Friday's bounce was definitely not shocking but I admit it was disappointing how strong it was. It left me cutting some stocks that I would still like to be long now. The biggest disappointment came in KITE which is a complete botch job as far as I am concerned at...
Stocks Fall Once Again; Banks hit Hard
A surprise move from the Swiss Central Bank today sent currencies into a frenzy. Futures traded erratically for much of the morning gyrating from positive to negative territory. Even with a positive start to the day this market simply could not hold onto gains. ...
Fed’s Beige Book and a Rally in Crude Oil Lift Stocks off their Lows
Today’s session stayed within the new normal with another volatile session as the Dow Jones Industrial average posted another triple digit loss. Early morning futures were dealt with a blow as December retail sales were weakier than expected. However, morning buyers...
Stocks fall from Highs as Volatility Continues
Early morning futures suggested a positive start to the day and buyers were more than willing to bid stocks higher. At its highs the Dow Jones Industrial Average was up more than 282 points on the session. Volume was running hot and it appeared as if this market was...
Stocks Fall to Begin the Week; AA Kicks Off Earnings Season
It did not take sellers long to kick their operations into high gear. At first glance it appeared we would get off to a great start given where futures were indicating the open. Steadily from 9am futures were moving away from their highs of the premarket session. ...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Models remain under an across the board NEUTRAL condition, despite the recent retake of the 50 day moving averages by all the major market averages outside of the NYSE. The markets are basically in a double V-shaped trading range over the past two...
Volatility Reigns Supreme; Stocks Advance with Volume
Just as fast as the market goes down it can go back up. The NASDAQ 100 led all indexes higher, but the Russell 2000 lagged as buyers favored large cap stocks. Volume was up across the board in a good sign institutions were willing and able to participate. All...
Dow Jumps after Five Day Slide
Today's move does not come as a surprise after a five day slide. Whether or not this turns into a new rally is another question. A bit of good news from the economic front was the ADP private payrolls jumped more than expected. The morning part of the session was...
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