The Big Wave Trading portfolios are still operating under different directional models with the SPX, DJIA, RUT, and NYA under NEUTRAL conditions, the DJT under a SELL condition, and the COMPQ and NDX under operational BUY conditions. Despite the mixed signals, our bias remains to the upside as we remain fully invested with leading stocks continuing to produce outsized gains relative to the overall market.

The current market continues to be one of the strangest uptrends we have ever experienced at Big Wave Trading as we are now tracking the second most long positions ever (we tracked more in 2007) and our portfolios are long more stocks than ever before. As you can see below in our extremely long list, everything we are long has produced sizable gains. Compare the gains below to our 4 weakest holdings that are down 1%, 1%, 1%, and 3% respectively. This market continues to seriously reward trend followers that keep things very simple.

You can go over the long signals below and look at their chart patterns and try and see what we saw when we took the long signals. If you study the names below you will start to see common themes in regards to all of our new long signals. Most names are either breaking out to new highs, bouncing off uptrending 50 day moving averages, and/or are producing Pocket Pivot Point signals off their 10 day moving averages. We keep it very simple. Before our long positions are initiated we have our predefined sell stop levels and as long as the stock does not trigger the sell stops we ride the trend higher moving our stops up along the way.

As we head into the new week, we will continue to keep things simple. We will continue to ride the trend of leading stocks breaking out to new highs. We will continue to cut our losses extremely fast when we are wrong. We will also stay away from trying to top call this market. When the market tops, the market will top. When the market tops we will stop receiving new long signals, when we do receive new long signals they will more than likely fail, and we will see our top current holdings start to hit their final sell stop levels. Until we see this type of price action, we will continue to take long signals and push our margin to the limits.

With the Nasdaq and Nasdaq 100 hitting all-time highs it sure is hard to argue with our winning methodology and the results below. Have a great rest of your weekend and we wish you all the best during the upcoming trading week. Aloha.

TOP CURRENT HOLDINGS – PERCENT GAIN SINCE SIGNAL DATE – DATE OF SIGNAL

ANAC long – +322% – 1/20/15
AGIO long – +128% – 9/24/14
CBPO long – +111% – 10/24/14
PAYC long – +101% – 10/30/14
SKX long – +101% – 1/26/15
VDSI long – +90% – 8/4/14
SWKS long – +84% – 10/28/14
EGRX long – +83% – 4/9/15
RCPT long – +82% – 2/20/15
EA long – +78% – 11/10/14
PANW long – +75% – 11/10/14
VRX long – +72% – 11/17/14
GIMO long – +70% – 2/2/15
BLUE long – +70% – 2/25/15
SRNE long – +67% – 5/18/15
AVGO long – +58% – 10/28/14
ADPT long – +50% – 5/18/15
SERV long – +50% – 11/7/14
SUPN long – +49% – 5/22/15
AMBA long – +46% – 5/14/15
NFLX long – +42% – 5/5/15
RDUS long – +42% – 6/17/15
DRRX long – +35% – 4/8/15
TREE long – +34% – 6/2/15
LJPC long – +34% – 6/26/15
DXCM long – +33% – 4/2/15
AMAG long – +33% – 5/6/15
COKE long – +30% – 6/16/15
HRTG long – +28% – 6/1/15
ULTA long – +27% – 12/17/14
AYI long – +27% – 1/23/15
CHRS long – +26% – 6/30/15
AMZN long – +25% – 2/25/15