by Big Wave Trader | Jun 23, 2015
Economic data continues to be largely ignored as we did see a mix of economic data. Housing appears to have been better than expected while durable goods failed to meet expectations. Futures simply ignored the news and marched forward. Early morning gains were quickly...
by Big Wave Trader | Jun 22, 2015
At least for now Greece is not in default and sent into a death spiral. European stocks jumped the most with the German DAX jumping more than 3%. The US indexes benefited from the rise in European shares, but didn’t get the price gains. Volume was lower across the...
by Big Wave Trader | Jun 21, 2015
The Big Wave Trading Portfolio remains under a mixed bag of signals with only one change this past week. The SP-500 switched from an operational NEUTRAL condition to an operational BUY condition following the powerful move on Thursday. The SPX joined the COMPQ, NDX,...
by Big Wave Trader | Jun 19, 2015
Stocks brush aside fears over a Greek default and push higher. Those who have been following the price of leading stocks have noticed the underlying bullish nature of this market. We have been long this market and were rewarded today. Opinions simply do not matter and...
by Big Wave Trader | Jun 17, 2015
Post Fed stock market action lived up to its past history with a big move after the Fed Statement was released. Sellers were able to knock the market into negative territory just after 11amEDT. However, buyers cheered the FOMC statement as well as Janet Yellen’s...
by Big Wave Trader | Jun 17, 2015
Futures are lower, but well off their lows. My bias is to the upside for the market. I think the EU flinches. 3 Weeks Tight: SBUX MLM SCI VMC MSCC PLAB HCKT GIG DGII NVR NCOM DAC Potential Longs: AXPW AMCN PPCH TPIV VUZI Potential Shorts: NUGN JIDG We’ll see you...
