From the Trading Desk
It was about time we saw the market close lower on heavy volume. At one point the Dow Jones Industrial Average was up more than 155 points. The market was clearly focused in on Ben Bernanke’s testimony and prepared comments then it would turn its attention to the release of the Fed’s meeting minutes. Hints [...]
Void of economic releases the market did get showered with more than $3 billion in asset purchases from the Federal Reserve. A hiccup in the morning was quickly support as the Federal Reserve Open Market Operations flooded the market with fresh new cash. Over Europe the DAX closed in the green for the 11th straight [...]
Heading into the week the US market once again watched the Nikkei continue to move further into the stratosphere. Futures were pretty anemic heading into the trading session today. Overnight news focused on the plunge in precious metals as Silver and Gold were hit hard. Despite the negative open and sentiment both precious metals were [...]
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Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under strong BUY signals across the board. While we still hate the relationship between volume and price, we realize it simply does not matter in a world where printing currency is the modus operandi. With that being the case, price is our master and price remains in a strong uptrend.
It is Super Bowl Sunday and there is no need to psychoanalyze the action of the previous week. It was strong and there continues to be excellent price action in leading stocks. That is all you need to know. It has been a great start to the year and we shall see if this continues in the month of February.
Enjoy the Super Bowl everyone. Aloha from a very warm and beautiful Maui.
Top Current Holdings – Percent Return – Date of Signal
CSU long – 73% – 9/4/12
HEES long – 65% – 9/4/12
CAMP long – 57% – 4/26/12
VRNM short – 49% – 4/10/12
EAC long – 46% – 12/17/12
FLT long – 35% – 9/6/12
POWR long – 35% – 12/11/12
AXLL long – 34% – 1/4/13
ASTM short – 31% – 7/17/12
GNMK long – 27% – 11/16/12