COMMENTARY
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...
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...
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