Joshua Hayes

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  • Stocks Find Strength at the Morning Lows Closed just off the Highs of the Session

    By Joshua Hayes - August 8, 2013

    After the recent bout with selling the market was able to find buyers pushing the market higher as volume swelled. Whether or not it was managers trying to get in their trades prior to leaving the Hamptons or Shore doesn’t really matter. Expanding volume as price moves higher is generally a good thing. Just after 10:30 AM EDT it appeared as if sellers were winning the day and more »

  • Stocks close in the Red; Volume ends Mixed

    By Joshua Hayes - August 8, 2013

    Continuing with the summer trade the market closed lower lead by the Russell 2000. The NASDAQ posted back to back losses while the S&P 500 losing streak extended to 3 days. We did see a nice rally off the lows, but as soon as the rally began volume was sucked out of the market suggesting sellers left the building. NASDAQ volume did end the day higher notching another distribution more »

  • Stocks Pull back in Fast Trade

    By Joshua Hayes - August 7, 2013

    Let the top calling begin as the stocks pull back in heavier volume. Today’s pull back wasn’t too severe and part of a normal reaction to the market hitting new highs. What we’ll want to avoid seeing for this uptrend to fail is a string of distribution days strung together. At this point, we really do not have enough evidence to suggest “calling a top” here is more »

  • Big Wave Trading Portfolio Update And Top Current Holdings

    By Joshua Hayes - August 4, 2013

    The Big Wave Trading Market Model remains under a BUY signal with zero pressure weighing on it. With the indexes hitting all-time highs and leading stocks leading the way higher, everything is aligned for further potential price appreciation in all asset classes.

    Stocks continue to trend higher and while it would have been very nice to see the market consolidate gains this summer allowing the 200 day moving average to more »

  • Technology led by FB fuel the NASDAQ Higher

    By Joshua Hayes - July 30, 2013

    The NASDAQ hit a new multi-year high prior to noon time only to see sellers rush in and quickly move the index to its lows of the session. The S&P 500 was unable to sustain its morning gains too despite the efforts by technology names. Industrials and utilities helped push the SPX into positive territory. Consumer Services was the largest drag. Volume was up on the session across the more »

  • Market Participants await Economic Data and the Fed

    By Joshua Hayes - July 29, 2013

    A quiet day on Wall Street today as summer trading continues. Many are likely still trying to recover from their weekend festivities. Perhaps many were with Steve Cohen. Pending home sales weren’t as bad as the market was looking for, but was still negative month over month. Dallas Fed Manufacturing activity index was lower than expected coming in at 4.4 (expectations were for a reading of 7.5 more »

  • Big Wave Trading Portfolio Update And Top Current Holdings

    By Joshua Hayes - July 27, 2013

    The Big Wave Trading portfolio remains under a BUY signal with only a minor amount of pressure on the indexes following the weak price action on Tuesday and Wednesday in the overall market. Besides that there is no pressure in our model as leading stocks, speculative stocks, and the overall market continue to trend higher in lockstep.

    With this being the case, it does not make much sense to drone more »

  • Obama’s Economic Speech Fails to Inspire Buyers; AAPL Jumps

    By Joshua Hayes - July 24, 2013

    A big jump in New Home sales failed to get the market going as the homebuilders sold off hard on the news. The talk of the street was AAPL earnings and the stock’s big move on the day. Without AAPL the NASDAQ would have notched a day of distribution. The S&P 500 could not escape distribution settling down .4%. Even though the NASDAQ did not suffer the same more »

  • End of Day Selling Push the NASDAQ and S&P 500 to the Lows of the Session

    By Joshua Hayes - July 23, 2013

    Earnings season continues and the prevailing theme is for companies to beat on the bottom line, but fall short on top line growth. There are many things we can extrapolate, but in the end it won’t help our bottom line. A big miss from the Richmond Manufacturing index highlights weakness in the Northeast manufacturing sector and the market reactive negatively to the news. Spending majority of the day near more »

  • S&P 500 Hits another All-Time High

    By Joshua Hayes - July 22, 2013

    Today was a quiet day in the Market as participants ease back into trading from the summer weekend. Existing home sales disappointed where by sales dropped 1.2% month-over-month. Clearly higher rates have put pressure on the housing market. Chicago Fed Activity index show a slight drop of .13, but who really follows this index anyway. The disappointing housing figures helped push the market higher. When there are no sellers more »

  • Big Wave Trading Portfolio Update And Top Current Holdings

    By Joshua Hayes - July 20, 2013

    The Big Wave Trading Model remains under a BUY signal with very little data weighing against its current signal. The stock market climbed higher, across the board, this week and despite the lower volume there remains very little to zero selling pressure in the current tape.

    Friday’s intraday action confirms that above analysis as a morning gap lower found support early on the SP-500 and DJIA and mid-day for more »

  • Stocks Gain, but Tech Disappoints in After-Hours

    By Joshua Hayes - July 18, 2013

    Better economic data hit the tape helping push the S&P 500 to new highs. The Philly Fed manufacturing index came in well above expectations. Jobless claims fell week over week. It was certainly good news from the economic front and the market pushed higher. Volume rose over Wednesday’s trade but just was about average. Summer time trade tends to be light and today’s volume is not surprising more »

  • BAC and YHOO Soar as Stocks get back on the Winning Track

    By Joshua Hayes - July 17, 2013

    Poor housing data kicked off the morning with Mortgage Applications falling along side Housing Starts and Building Permits. However, the data wouldn’t keep stocks from ending positive as Bernanke’s testimony and continued to press the Fed would remain accommodative as long as possible. Gold and silver didn’t buy the Fed’s Chairman Statement as both precious metals turned lower. YHOO shined after its earnings report Tuesday night more »

  • Light Trading Volume persists; Stocks pull back notching a Day of Distribution

    By Joshua Hayes - July 16, 2013

    A better than expected Homebuilder sentiment reading failed to lift stocks and sent homebuilding stocks lower. Trading volume rose above Monday’s level, but again was below average. The major stock indexes did notch a day of distribution in technical terms. However, the damage was minor and we are considering this to be a light distribution day. The S&P 500 and NASDAQ Composite ended its win streak at 8 more »

  • Big Wave Trading Portfolio Update And Top Current Holdings

    By Joshua Hayes - July 14, 2013

    The Big Wave Trading portfolio is currently under a BUY mode across the board, with the Nasdaq fully switching to a BUY signal on the 9th with the SP-500 and DJIA following on the 11th. These indexes now join the Russell 2000 which was placed under a BUY signal last Friday. The Russell 2000 is leading the current model switch and was able to build on the gains nicely the more »

  • Big Wave Trading Portfolio Update And Top Current Holdings

    By Joshua Hayes - July 6, 2013

    The Big Wave Trading Portfolio is under multiple signals currently, as small caps are significantly outperforming big caps. Overall the Model is weighed mixed BUY to NEUTRAL with the Russell 2000 being under a clear BUY signal, the Nasdaq under a BUY/NEUTRAL signal, and the SP-500, DJIA, and NYSE being under NEUTRAL signals. For what it is worth, the Nasdaq will switch to a BUY mode with a new more »

  • A Late Session Rally Lifts Stocks off the Lows

    By Joshua Hayes - July 3, 2013

    Another morning rally turned sour as sellers regain control. The market received positive news as total vehicle sales jumped more than expected. Once again the 50 day proved too much for the S&P 500 and Dow Jones Industrial average. Today’s volume was higher than Monday’s and not a positive for this market. We are still waiting for this market to confirm this recent rally, but the past more »

  • Stocks Close well of the Highs of the Session

    By Joshua Hayes - July 2, 2013

    The S&P 500 and Dow Jones Industrial average were both rejected at their respective 50 day moving averages despite better than expected ISM Manufacturing data. At 10 am the market received better than expected manufacturing data helping the market to jump to the highs of the session. Another test of the highs occurred just after noon time, but sellers took over. For the majority of the afternoon the major more »

  • Big Wave Trading Weekend Portfolio Update And Top Current Holdings

    By Joshua Hayes - June 30, 2013

    It was a great week the past week on Maui and a good week overall for the stock market. The market did rally the past week but all the action came on below average volume until Friday when EOQ and EOM trading took over. As we know by now, from 1850-2008 this would be considered a bad thing but from 2008-now low volume rallies following heavy volume selloffs have been more »

  • Shanghai Drops more than 5% sending World Markets Lower

    By Joshua Hayes - June 24, 2013

    Despite an impressive move off the lows just after the lunch hour the final hour of trading was won by sellers. Closing off the highs of the session major markets with the exception of the Dow were down more than one percent on the day. Volume simply could not compete with Friday’s level due to quadruple witching. VIX enjoyed a volatility day closing up 6.5% to 20.12 more »

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