by Big Wave Trader | Dec 14, 2014
Friday was a very ugly session for our overall stock market averages with every index selling off on heavier volume than the session before. The distribution days are starting to add up and the lack of volume on the upside leading up to this distribution makes it look...
by Big Wave Trader | Dec 12, 2014
A sizeable rebound was in the works until the afternoon where sellers took over sending stocks to the lows of the session. Retail sales came in better than expected thanks to a surge in auto sales. The story of the session was once again the fall in crude oil...
by Big Wave Trader | Dec 11, 2014
Just after a tremendous rally the market returns to yesterday’s low in light trade. Crude oil continued its decline and while it is good news for consumers. On the flip side, producers of the commodity and highly levered are not in good shape. Fears are certainly...
by Big Wave Trader | Dec 10, 2014
Futures took a hit as Asian markets sold off in heavy volume. The Shanghai Composite led all decliners falling more than 5% on its highest volume ever. Hang Seng was down two percent. While not as extreme European markets were lower by 1-2% putting pressure on the...
by Big Wave Trader | Dec 8, 2014
Crude oil continued its fall today while sellers took over the stock market just before noon time. Volume was up across the board as the market notched its 3rd day of distribution in recent weeks. Another ominous sign for the markets was we got another Hindenburg...
by Big Wave Trader | Dec 6, 2014
The operational model and portfolio management at Big Wave Trading remains under a NEUTRAL to soft-BUY condition across the board. The DJIA and SPX are under BUY conditions and the rest of the major market indexes are currently under a NEUTRAL condition. The RUT, NDX,...
