by Big Wave Trader | Jun 17, 2015
Post Fed stock market action lived up to its past history with a big move after the Fed Statement was released. Sellers were able to knock the market into negative territory just after 11amEDT. However, buyers cheered the FOMC statement as well as Janet Yellen’s...
by Big Wave Trader | Jun 17, 2015
Futures are lower, but well off their lows. My bias is to the upside for the market. I think the EU flinches. 3 Weeks Tight: SBUX MLM SCI VMC MSCC PLAB HCKT GIG DGII NVR NCOM DAC Potential Longs: AXPW AMCN PPCH TPIV VUZI Potential Shorts: NUGN JIDG We’ll see you...
by Big Wave Trader | Jun 16, 2015
Stocks build upon yesterday’s gains, but volume slides ahead of tomorrow’s FOMC meeting conclusion. We are not about to argue with today’s price gains. Building on yesterday’s move off the lows is certainly good news. However, we continue to see this market inability...
by Big Wave Trader | Jun 15, 2015 |
A fear over a Greek default continues to dominate headlines, but today’s action was not as bad as it could have been. Technically speaking today was a distribution day with volume rising on heavy price declines. However, given the move off the lows of the session it...
by Big Wave Trader | Jun 14, 2015
The Big Wave Trading market directional models all remain under a mixed bag of signals with the RUT, COMPQ, and NDX under operational BUY conditions, the SPX, NYA, and DJIA under an operational NEUTRAL condition, and the DJT still under an operational SELL condition...
by Big Wave Trader | Jun 10, 2015
Stocks had a great day on Wednesday as Greek talks were said to be positive. At this point we had weak price action we were bound to have a snap back rally. Volume was higher on the exchanges across the board is a good sign. Remember we have the FOMC meeting next week...
