by Big Wave Trader | Feb 8, 2015
The Big Wave Trading models are all currently under a NEUTRAL operational condition. Despite the big gains last week, there was not enough breadth and volume strength in the overall market to warrant an early switch to a BUY operational condition. The first test so...
by Big Wave Trader | Feb 6, 2015
Today’s stock market session was a positive one as small caps leading the way. Volume did not meet expectations, but given the big moves over the past few sessions it is not a surprise. It was nice to see the market reverse yesterday’s losses after the ECB...
by Big Wave Trader | Feb 5, 2015
The market was looking solid until the ECB headline on Greek debt. Biotech stocks were hit hard to start the day with disappointing earnings set the tone for the NASDAQ early on. The Dow Jones Industrial average erased early losses due to a boost from DIS after the...
by Big Wave Trader | Feb 4, 2015
Traders get another day of gains as crude oil jumps more than 7% on the session and the market is led by energy names. A sign of strength was certainly the volume expanding day-over-day as institutions were active in accumulating shares. We still remain in a...
by Big Wave Trader | Feb 3, 2015
A late day rally helped kick the month of February off with solid gains across the board. Led by energy the S&P 500 closed higher by 1.3%. The Dow Jones Industrial average followed up with a gain of 1.14%. Lagging the session was the NASDAQ and Russell 2000. ...
by Big Wave Trader | Feb 2, 2015 |
Well that got ugly fast. The past five days has seen my outlook on this market drastically change. The deterioration in the Big-Cap technology related stocks and the Big-Bank stocks is beyond concerning. These stocks have put in roll over tops, H&S tops, and...