by Big Wave Trader | Oct 26, 2015
The last week of trading for the month of October and the stock market ends lower. Despite the drop in AAPL the NASDAQ was able to sneak out gains thanks to gains from PCLN, GOOGL, AMZN, and FB. Natural gas fell nearly 10% on the day as commodities in general fell...
by Big Wave Trader | Oct 23, 2015
What a difference one day makes. Yesterday’s action was definitely something to be concerned with, but after today’s massive move on big volume is quite telling. Bonds did not play along as yields remained steady. The excitement was certainly with stocks and we are...
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...
