by Big Wave Trader | Jul 28, 2015
More selling hit Wall Street as sellers continue to dominate the tape. Industrials, materials, and transportation stocks continue to remain weak as these sectors continue to signal weakness in the tangible economy. The NASDAQ led the major market indexes lower with...
by Big Wave Trader | Jul 26, 2015
Friday was not good. It has surprisingly only taken about 1 1/2 weeks but following Friday’s session it is clear the tone of this market has changed, is changing, and/or will be changing even further. Stocks sold off on Friday on above average and heavier volume...
by Big Wave Trader | Jul 24, 2015
Despite positive economic data stocks closed the session near lows, but it was after-hours movement that stole the show. AMZN rocketed higher after reporting better than expected results. V did as well and both were higher after-hours. Despite the after-hours session...
by Big Wave Trader | Jul 23, 2015
AAPL and MSFT weighed heavily on the market today as both fell after posting earnings Tuesday evening. Commodities fell as crude oil closed below $50 for the first time since early April. Gold too closed lower as the precious metal fell below $1100 an ounce. There is...
by Big Wave Trader | Jul 22, 2015
The Dow Jones led the market lower as earnings continue to be in focus. IBM was a big drag on the Dow along with the VZ. Volume was mixed as NYSE volume was higher due to earnings. Perhaps a little damning is how small cap stocks have been lagging the overall market....
by Big Wave Trader | Jul 21, 2015 |
It was not a good month for trend follower during the month of June. While traditional Trend Followers will make money over long periods of time they are simply having a tough year at the moment. Yes, we are trend followers. However, our methodology deals with stocks...
