by Big Wave Trader | Mar 29, 2015
The Big Wave Trading portfolio is under an operational NEUTRAL signal across the board, following Wednesday’s surprise no news heavy volume sell off. It is extremely rare to almost non-existent to see our model switch from a BUY signal to a NEUTRAL signal right...
by Big Wave Trader | Mar 27, 2015
Fears over the dollar, plane crash, and potential war in Yemen had many traders scared this morning. Heavy selling began the day and it appeared as if we were heading down the same path as yesterday’s market. As the early afternoon progressed it appeared we were...
by Big Wave Trader | Mar 26, 2015
Back to back Distribution Days is never a good sign. There are many breakdowns and biotech stocks continue to be leading us to the downside. 3 week tight patterns are still in play, but given the overall direction of the market we may not see these move higher. 3...
by Big Wave Trader | Mar 26, 2015
Economic data as a whole continues to disappoint, but what took center stage today was the heavy volume selling across the board. Kicking off the day was big merger news with Kraft and Heinz. CNBC was very happy to get Warren Buffett on the phone as Berkshire...
by Big Wave Trader | Mar 25, 2015
Volume was higher on the NYSE giving the S&P 500 a day of distribution, but it was below average. Selling hit the market just after noon eastern and continued throughout the afternoon until the close. NASDAQ experienced higher volume than yesterday giving it a...
by Big Wave Trader | Mar 24, 2015
Coming off Friday’s big day the markets took a day off from pushing higher. Biotech stocks took a big hit as there were plenty of negative stories over the weekend. Volume was certainly lower after Friday’s quadruple witching, but it was also below its 50 day...
