by Big Wave Trader | Jun 8, 2016
We continue to see positive action from this market and our holdings. Biotech was a big weight around the NASDAQ’s neck. Plenty of biotech names were hit hard and the entire group continues to have a tough 2016. Volume was mixed with NASDAQ volume was higher and...
by Big Wave Trader | Jun 7, 2016
Friday’s disappointing jobs report could not slow down this market’s uptrend. Let’s face it this economy is not about to return to high growth where jobs are abundant. This market continues to defy the naysayers and we continue to find strong stocks....
by Big Wave Trader | Jun 5, 2016
Friday was yet another display of positive intraday price action by the overall market as an early morning sell off found support shortly after 10am and stocks spent the rest of the session rallying higher. The difference this time is that there was not any late day...
by Big Wave Trader | Jun 2, 2016
The S&P 500 cleared 2100 today as stocks continued to push higher. Today’s ADP was much improved over last month’s reading giving hope to an improved Jobs Report tomorrow. Crude oil reversed its losses after the OPEC oil ministers ended their meeting...
by Big Wave Trader | Jun 2, 2016
It is no big surprise this week’s employment data will be heavily scrutinized. Today’s release of the Federal Reserve’s beige book helped boost the market to begin June on a positive note. Thursday’s ADP report will be watched closely. Will it...
by Big Wave Trader | May 31, 2016
It was quite a mixed session on Tuesday as stocks closed lower on the SPX and DJIA and higher on the COMPQ and RUT. Strong breadth and a late day buying surge definitely helped shape up the closing prices. Volume was well above average and significantly higher today...
