by Big Wave Trader | Jul 15, 2015
Despite poor retail sales stocks bounced higher for the fourth straight session. Energy and Biotech stocks led the overall market today. Energy seems to be finding support at early 2015 lows. Biotech continues its run despite fundamentalists crying foul over earnings...
by Big Wave Trader | Jul 14, 2015
A solid session to begin the week as Greece gets a deal and the market has three new horsemen. Over the weekend Greece was taken to the woodshed approving a deal the Greek people voted down just a week ago. The market did no care whether or not it was a good deal or a...
by Big Wave Trader | Jul 12, 2015
The Big Wave Trading portfolio models are under a mixed set of conditions with the COMPQ, NDX, and RUT under operational NEUTRAL conditions and the SPX, NYA, DJIA, and DJT under operational SELL conditions. Despite the NEUTRAL/SELL conditions, the Big Wave Trading...
by Big Wave Trader | Jul 10, 2015
Early morning futures were higher as global stocks rebounded. Shanghai shares were able to find their footing, but with nearly 50% of shares halted it is hard to tell whether or not this is real. Volume fell across the board as summer trade sets in. The end of the...
by Big Wave Trader | Jul 9, 2015
An eventful day as we had the NYSE halted for 3.5 hours and the Federal Reserve meeting minutes. At least for a while Greece and Chinese stocks took a back seat. Volume was considerably lower on the NYSE, but the reason is pretty obvious. NASDAQ volume was light on...
by Big Wave Trader | Jul 8, 2015
Early morning selling was quickly erased when news wires caught a headline Greece was coming back to the table with its creditors. Whether or not a deal comes to fruition is anyone’s guess. However, we cannot argue with a big price reversal with volume behind it....
