by Big Wave Trader | May 13, 2015
Kicking off the day the market was hit with weak retail sales for the month of April. Bond yields headed lower as many thought the Federal Reserve rate hike would be pushed back. The NASDAQ was the initial beneficiary of buying at the start of the session, but would...
by Big Wave Trader | May 12, 2015
Futures were pointing to a much lower open after global bond yields were racing higher. Fears over a Federal Reserve rate hike certainly were running rampant throughout the market, but buyers were not about to go quietly in the night. Lows of the day were set very...
by Big Wave Trader | May 11, 2015
It appeared as if we have begun summer trading with light volume and boring trading session. There were pockets of excitement, but overall it was relatively quiet trading session. Energy was a big draw on the market overall with Utilities sluggish as well. Crude...
by Big Wave Trader | May 10, 2015
The Big Wave Trading models remain under a system wide operational NEUTRAL condition following the strong move on Friday. While our models have done some minor switching the past 2 1/2 months our overall bias continues to be extremely neutral. The neutral bias is due...
by Big Wave Trader | May 8, 2015
Just as IBD indicates the market is in correction mode we get a bounce in the stock market. Volume was lower across the board as institutions were not all that giddy piling into stocks. IWM saw positive price action clearing yesterday’s high. On the negative side...
by Big Wave Trader | May 7, 2015
A day after we entered into a sell mode the market continue to sell off in mixed trade. Volume ended just lower on the NYSE, but nearly 6% higher on the NASDAQ. IBD joined in on the correction mode as it flipped its model into correction mode. Leading stocks...
