by Big Wave Trader | Mar 6, 2015
For the most part, economic data has not been stellar. Those who are bearish on this economy continue to point out how we are overvalued on every metric. Unfortunately for those who continue to fight this market have been bitten pretty hard. We had a decent rebound...
by Big Wave Trader | Mar 5, 2015
Positive data from the ADP Employment report and ISM Non-Manufacturing index couldn’t help the markets from selling off from the market open. Sellers were in complete control, but it wouldn’t be long before the NASDAQ would find support. A concern of ours would be...
by Big Wave Trader | Mar 4, 2015
The day after the NASDAQ hits 5000 for the only third time in its history distribution hits the very next day. It was not all bad news as the NASDAQ Composite was able to close above its mid-point of the session. Volume fell on the NYSE as the S&P 500 escapes...
by Big Wave Trader | Mar 3, 2015
March kicked off with more new highs and the NASDAQ Composite index closing above 5000 for only the third time in its history. The last time the NASDAQ was at these levels was March 2000! All-time highs for the Dow and S&P 500 is not a bearish signal, but many...
by Big Wave Trader | Mar 1, 2015
Stocks continued their strong uptrend the past week but on Friday we finally saw a day of distribution hit the entire market that suggest prices could pull in here. The pullback on Friday was to be expected as the Nasdaq was up 10 sessions in a row with the last six...
by Big Wave Trader | Feb 27, 2015
A solid session all around with leading stocks showing power despite the Dow and S&P 500 closing lower on the session. The NASDAQ is nearing the 5000 level a mark it has not seen in over a decade. Volume was higher across the board in a good show of support for...
