by Big Wave Trader | Dec 4, 2014
It was another good session that was more impressive internally. Major stock market averages rallied today on below average volume. The rally was good enough to send the DJIA and SPX into new all-time high ground. Our models are switching on these two averages from a...
by Big Wave Trader | Dec 3, 2014
A positive for this market was today’s session not following through to the downside. Despite crude oil falling back towards Friday’s low the energy sector led the S&P 500 higher during Tuesday’s session. Rebounding in a big way was the Russell 2000 regaining...
by Big Wave Trader | Dec 3, 2014
Today’s failure to sell off further is a sign that this market is not as weak as some would like it to be. At the same time, the recovery leaves a lot to the imagination as volume was lower and we did not fully recover the Monday damage. Overall it was a solid...
by Big Wave Trader | Dec 1, 2014
Early morning selling was the story of the session after last week’s holiday shortened week. AAPL even appeared to flash crash during the first 30 minutes of the session. It was clear from the start high beta stocks were targets of sellers and they were not going to...
by Big Wave Trader | Nov 30, 2014 |
The Big Wave Trading Portfolio is under an across-the-board operational BUY mode. Despite the short-term overbought conditions on the three momentum oscillators I track, there is no real pressure on the overall current uptrend. All systems are normal. We will continue...
by Big Wave Trader | Nov 25, 2014
Despite a positive revision for third quarter Gross Domestic Product the market was unable to hold its highs of the day set during the first 30 minutes of trading. Lower gas prices did not help consumer confidence as the index slipped from last month’s reading. The...
