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,...
by Big Wave Trader | Dec 4, 2014
The broader market closed lower today ahead of tomorrow’s job report. It was a decent day for consolidation and we have yet to see many days like today. At the start, it appeared we were on our ways to new highs and beyond. However, after the German DAX reversed...
by Big Wave Trader | Dec 4, 2014
After an initial stumble just before 10 am buyers stepped up and began pushing prices back into new high territory. Once again the S&P 500 and Dow have hit new all-time highs. Volume was higher for the S&P 500 a good initial sign, but lower elsewhere. The...
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...
