Big Wave Trading Weekend Update

Price action. Price action. Price action. This is what it is all about. When you consider all the noise the past two weeks, there still has been one consistent piece of data the entire time. If you take a look at a daily chart of the SP-500 or the Nasdaq you can see...
Big Wave Trading Weekend Update

Big Wave Trading Weekend Update

A quiet session on Monday with a bullish intraday reversal, strong sessions on Tuesday and Wednesday on heavier volume, followed by quiet consolidations on lower volume on Thursday and Friday. When you are already fully invested, it doesn’t get much better than that....

Big Wave Trading Weekend Update

Stock indexes put in a solid session on Friday. Unfortunately, stock indexes were not able to build off of the momentum that the trading session started with. Instead, stock indexes sold off only to see a decent intraday double bottom turn into a small rally into the...

Big Wave Trading Weekend Update

Stocks staged a nice little rally on Friday and while volume was lower than the session before it did not matter to the SP-500, NYSE, Nasdaq, or Nasdaq 100 as all of those indexes hit new all-time highs this week. The only concern behind yesterday’s rally, besides the...
Weekend Update: Reviewing Some Current Long Positions

Weekend Update: Reviewing Some Current Long Positions

Let’s take a quick holiday weekend peak at some of our current winning long positions. Why not review any losing positions? Because we have them and when we do we stop out or cut our losses immediately. There is not any wishing or holding on to losing positions....