by Big Wave Trader | Jun 16, 2015
Stocks build upon yesterday’s gains, but volume slides ahead of tomorrow’s FOMC meeting conclusion. We are not about to argue with today’s price gains. Building on yesterday’s move off the lows is certainly good news. However, we continue to see this market inability...
by Big Wave Trader | Jun 15, 2015 |
A fear over a Greek default continues to dominate headlines, but today’s action was not as bad as it could have been. Technically speaking today was a distribution day with volume rising on heavy price declines. However, given the move off the lows of the session it...
by Big Wave Trader | Jun 14, 2015
The Big Wave Trading market directional models all remain under a mixed bag of signals with the RUT, COMPQ, and NDX under operational BUY conditions, the SPX, NYA, and DJIA under an operational NEUTRAL condition, and the DJT still under an operational SELL condition...
by Big Wave Trader | Jun 10, 2015
Stocks had a great day on Wednesday as Greek talks were said to be positive. At this point we had weak price action we were bound to have a snap back rally. Volume was higher on the exchanges across the board is a good sign. Remember we have the FOMC meeting next week...
by Big Wave Trader | Jun 9, 2015
Light volume Mondays are not an outlier event, but with the price declines Monday was not the way bulls wanted to start the week. QQQs saw higher volume than Friday, as the ETF tracking the NASDAQ 100 stocks closed below its 50 day moving average. SPY on the hand had...
by Big Wave Trader | Jun 7, 2015
The Big Wave Trading directional models remain under a mixed bag of signals with the COMPQ, RUT, and NDX under operational BUY modes, the SPX, DJIA, and NYSE under operational NEUTRAL modes, and the DJT under an operational SELL mode. Despite the mixed message of the...
