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...
by Big Wave Trader | Mar 21, 2015 |
The Big Wave Trading models are currently under an operational BUY signal across the board without any negatives weighing against the models. There is a possibility, however, that prices will have a tough time moving higher from the levels that we are currently at in...
by Big Wave Trader | Mar 20, 2015
As March Madness begins the market had a solid quiet inside consolidation day. Biotech stocks were once again the talk of the town as many stocks were jumping higher. Once again small cap stocks were the winners today with the NASDAQ Composite just behind. The Dow...
