Big Wave Trading video lesson for Friday’s stock market session.
Thursday was an extremely bullish session with us continuing to work off overbought conditions while showcasing a powerful rally. Our models on the SPX and DJIA are switching back to BUY and the NYA model is switching back to NEUTRAL. We appear to be on the cusp of what could be a powerful breakout in the overall market. I never count my chickens before they are hatched but we have the setup. Speaking of hatched chickens. Did everyone see STM today? Comical! Did everyone see another passed-long EGRX today? Exactly one month ago I received a signal in this stock, I passed on it due to already being heavily invested, and now it is up 132%. Can you believe it? I know I can’t. It’s hilarious. Whatever. Moving on to the next trade.
Speculative Sells:
50%: STM – Closing below the LOD of the signal date, due to the fill at the open and the stock holding the current base lows it is not a full sell on an EOD basis.
