by Big Wave Trader | Oct 21, 2015
An ugly day for small cap stocks as energy was down once again weighing on the S&P 500. Volume was higher on the session. The biggest story of the day was certainly the drama going on with VRX. Our focus continues to be on the lack of leadership and now is even...
by Big Wave Trader | Oct 20, 2015
Positive news from the housing market hit the wires premarket, but would not help keep the major market indexes in positive territory. While the gains in housing starts were nice the market simply did not move higher on the news. Bond yields crept higher as TLT...
by Big Wave Trader | Oct 20, 2015
Perhaps the title should have been “markets higher, but where are our charts?” The lack of leadership continues as we search for viable patterns. A bit of good news was the NAHB housing index or homebuilder confidence index was much better than expectations. The worse...
by Big Wave Trader | Oct 18, 2015
The BWT models are under an across the board NEUTRAL condition. This is a cosmetic signal as we remain very fluid currently. This means that our models are prone to switching to a SELL signal at the first sign of serious distribution at resistance. As it is, all of...
by Big Wave Trader | Oct 16, 2015
Just when this market looks week it reversed today on strong volume. Economic data was again less than desirable with the exception of jobless claims. Inflation is non-existent and Empire Manufacturing was once again weak and weaker than expected. Bank earnings were...
by Big Wave Trader | Oct 15, 2015
Economic data continues to disappoint as retail sales slumped. The slump could solely be blamed on falling gasoline prices. Bank earnings were mixed with BAC beating expectations while JPM missed. Volume jumped on both exchanges as JPM and WMT provided a lot of...
