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...
by Big Wave Trader | Nov 24, 2014
Futures began the week higher leading into a holiday shortened week here in the United States. Volume was predictably weak after Friday’s option expiry elevated levels would have been extremely difficult to beat. A positive sign on the day was the outperformance of...
by Big Wave Trader | Nov 23, 2014 |
The Big Wave Trading models remain under an across-the-board operational BUY signal with nothing weighing on our models except the short-term overbought conditions in the multiple oscillators we track. Those short-term overbought readings have been semi-noise as the...
by Big Wave Trader | Nov 21, 2014
Early morning selling gave way to buyers as this market continues to shake off potential distribution days. Volume ended the day on the downside today, but with options expiry tomorrow we should see volume jump. We continue to see what appears to be an overbought...
