COMMENTARY
Stocks Consolidate Ahead of Jobs Report
The broader market closed lower today ahead of tomorrow’s job report. It was a decent day for consolidation and we have yet to see many days like today. At the start, it appeared we were on our ways to new highs and beyond. However, after the German DAX reversed...
Russell Leads the Market Higher; Volume Mixed
After an initial stumble just before 10 am buyers stepped up and began pushing prices back into new high territory. Once again the S&P 500 and Dow have hit new all-time highs. Volume was higher for the S&P 500 a good initial sign, but lower elsewhere. The...
Lower Below Average Volume Rally Lifts Stocks Higher
It was another good session that was more impressive internally. Major stock market averages rallied today on below average volume. The rally was good enough to send the DJIA and SPX into new all-time high ground. Our models are switching on these two averages from a...
Stocks Rebound Modestly in Light Turnover
A positive for this market was today’s session not following through to the downside. Despite crude oil falling back towards Friday’s low the energy sector led the S&P 500 higher during Tuesday’s session. Rebounding in a big way was the Russell 2000 regaining...
Excellent Recovery But We Are Not Out Of The Woods Yet
Today's failure to sell off further is a sign that this market is not as weak as some would like it to be. At the same time, the recovery leaves a lot to the imagination as volume was lower and we did not fully recover the Monday damage. Overall it was a solid session...
High Beta Stocks Get Pummeled
Early morning selling was the story of the session after last week’s holiday shortened week. AAPL even appeared to flash crash during the first 30 minutes of the session. It was clear from the start high beta stocks were targets of sellers and they were not going to...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio is under an across-the-board operational BUY mode. Despite the short-term overbought conditions on the three momentum oscillators I track, there is no real pressure on the overall current uptrend. All systems are normal. We will continue...
Markets Stall as Volume Jumps; Third Quarter GDP Revised Higher
Despite a positive revision for third quarter Gross Domestic Product the market was unable to hold its highs of the day set during the first 30 minutes of trading. Lower gas prices did not help consumer confidence as the index slipped from last month’s reading. The...
Russell 2000 Rips Higher; NASDAQ Not Far Behind
Futures began the week higher leading into a holiday shortened week here in the United States. Volume was predictably weak after Friday’s option expiry elevated levels would have been extremely difficult to beat. A positive sign on the day was the outperformance of...
Big Wave Trading Weekend Update And Top Current Holdings
The Big Wave Trading models remain under an across-the-board operational BUY signal with nothing weighing on our models except the short-term overbought conditions in the multiple oscillators we track. Those short-term overbought readings have been semi-noise as the...
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