by Big Wave Trader | Sep 27, 2015 |
The Big Wave Trading models remain under an across the board SELL condition as we head into the final week of September. Major market averages rallied straight into resistance and this past week we observed just how weak this overall market really is. The current...
by Big Wave Trader | Sep 25, 2015
Another roller coaster session for stocks as an afternoon rally pushes stocks near a high of day close. Volume jumped day-over-day, but stocks were unable to close at session highs. Durable goods orders fell, but did not fall as much as expected. Good news? At the end...
by Big Wave Trader | Sep 23, 2015
We continue to see a market not ready for the prime time. Some good news from economic data this morning as both mortgage applications and Markit’s Manufacturing PMI data came in better than expected. Mortgage applications for the week jumped more than 13.9% and PMI...
by Big Wave Trader | Sep 23, 2015
Following Europe’s lead the US markets ended the day lower on higher volume. Europe really got things moving with the DAX nearing August lows. A late day rally did take the sting away as the NASDAQ was down more than 100 points at its lows. Volume was up day...
by Big Wave Trader | Sep 21, 2015
Overnight futures were higher coming into the open as hopes over MORE QE spread like wild fire. Existing home sales dropped more than expected leading to questions over the stability of the housing market. Just before noon time Hillary Clinton’s tweet over price...
by Big Wave Trader | Sep 20, 2015
The Big Wave Trading models remain under an across the board SELL signal and have been operating under this signal since 8/20 after being under a mix of SELL and NEUTRAL signals since 6/29. While our models remain under an operational SELL signal, the market has...
