by Big Wave Trader | Jun 12, 2016
Friday’s sell off is exactly why you do not want the stock market to rally in a straight v-shaped fashion, as we just saw the Russell 2000 do once again. As I mentioned many times during the past week, my momentum oscillators were all entering overbought ranges,...
by Big Wave Trader | Jun 10, 2016
Overall a solid pullback in light volume with the major indexes ending the day near session highs. This is the type of pull back you would like to see in an uptrend. We avoided distribution even though we are in overbought territory. It is a good thing for us to...
by Big Wave Trader | Jun 9, 2016
Crude oil headed to $51 a barrel giving a boost to energy names. Volume was mixed, but today NYSE volume was higher and NASDAQ volume was lower. Price action continues to remain in our favor and with very little sell stops hitting gives us a clue this market should...
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...
