by Big Wave Trader | Sep 23, 2015
We continue to see a market not ready for the prime time. Some good news from economic data this morning as both mortgage applications and Markit’s Manufacturing PMI data came in better than expected. Mortgage applications for the week jumped more than 13.9% and PMI...
by Big Wave Trader | Sep 23, 2015
Following Europe’s lead the US markets ended the day lower on higher volume. Europe really got things moving with the DAX nearing August lows. A late day rally did take the sting away as the NASDAQ was down more than 100 points at its lows. Volume was up day...
by Big Wave Trader | Sep 21, 2015
Overnight futures were higher coming into the open as hopes over MORE QE spread like wild fire. Existing home sales dropped more than expected leading to questions over the stability of the housing market. Just before noon time Hillary Clinton’s tweet over price...
by Big Wave Trader | Sep 20, 2015
The Big Wave Trading models remain under an across the board SELL signal and have been operating under this signal since 8/20 after being under a mix of SELL and NEUTRAL signals since 6/29. While our models remain under an operational SELL signal, the market has...
by Big Wave Trader | Sep 18, 2015
What a wild day in the markets. Prior to the Fed announcement the market caught a bid. For a while from 2:04pm EDT to about 3pm it appeared as if we were going to rocket higher. The NASDAQ cleared its 200 day and then 50 only to see those gains evaporate in less than...
by Big Wave Trader | Sep 17, 2015
Today was a solid session with volume and price ruining in the same direction. Where the rubber meets the road will be tomorrow and the coming days after the Fed. How will the markets react is something every Tom, Dick, and Harry will be trying to predict. Let’s...
