COMMENTARY
Big Wave Trading Portfolio Update And Top Current Holdings
Happy holidays from Maui, everyone. We are going to keep this weekends wrap short and sweet as we are in the middle of the seasonally bullish holiday period and everything is going as planned. Our overall market models remain under an across the board operational BUY...
Late Day Sellers Spoil Rally
An afternoon bout of selling dampened the day as gains were wiped out by the close. A quiet session as stocks rose slowly for much of the day. It wasn’t until the close to where we saw a big seller whack the market lower. Crude prices fell on the session back to a...
Dow Closes above 18,000; S&P 500 at All-Time Highs
Futures received a jolt after third quarter GDP was revised higher to 5%. A slew of other economic data was released in front of tomorrow’s holiday shortened session. Durable goods and new home sales disappointed as the University of Michigan sentiment index...
Dow Leads Market Higher; Natural Gas Plummets
For the fourth straight day the market saw higher prices as global worries have faded. Despite a big drop in existing home sales the market trucked higher. Volume was below average, but given it is a holiday week it is not a surprise to see volume lower. Aside from...
Big Wave Trading Portfolio Update And Top Current Holdings
We are back to being fully invested, following the huge amount of actionable signals we received in high quality stocks the past three sessions. It was quadruple witching on the stock exchanges but lately option expiration signals have been working so these signals...
Stocks Advance for a Second Straight Day
Early morning futures were screaming higher on the back of the global rally. The rally stayed strong throughout the session and kicked into overdrive during the final hour of trading. Volume ended lower across the board, but remained above average. During the final...
Stocks Rally as Fed Vows to Keep Rates Low
Stocks rally hard as the FOMC vows to continue to keep rates low for a considerable amount of time. The market brushed aside fears over a default in High Yield land and even Russia for a day. Market pundits focused in on the Fed and what their decision would mean for...
Stocks Take a Wild Ride; Russian Situation Worsens
As crude continues to fall worries over high yield debt are not working their way into Russia. Overnight the Russian Central Bank raised rates to stem the flow away from the Russian markets. Futures were all over the place prior to the market open, but as the opened...
Crude Falls Further Sparking Fears over High Yield Debt
A short-lived rally in crude during the morning session helped boost stocks. However, a worse than expected NAHB Housing report appeared to be the catalyst for the selling across the board. Crude oil once again was lower pushing to a $55 handle. Pressure on high...
Big Wave Trading Portfolio Update And Top Current Holdings
Friday was a very ugly session for our overall stock market averages with every index selling off on heavier volume than the session before. The distribution days are starting to add up and the lack of volume on the upside leading up to this distribution makes it look...
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