by Big Wave Trader | Oct 14, 2014
Economic data was on the lighter side today, but with $1 billion in POMO today the market looked to push higher. A slight hiccup in the first hour of trading gave way to steady buying into the lunch hour. Unfortunately, the highs were set at noon and the market...
by Big Wave Trader | Oct 13, 2014
We are now in a market where any bounce cannot be trusted until we can close with gains. Selling continued today as fears over Ebola continues to rise. The W.H.O. and C.D.C. have now contradicted each other over how Ebola is transmitted. Fear is certainly on the...
by Big Wave Trader | Oct 12, 2014
The Big Wave Trading Portfolio model is under a major SELL signal on all market indexes. The model switched from SELL to NEUTRAL back to SELL this week as the insane volatility of the tape and the strong support at 2014 lows appeared to signal in a potential bounce in...
by Big Wave Trader | Oct 10, 2014
One day after a tremendous rally sellers regain control erasing majority of Wednesday’s gains. Even after the European close buyers were not around to give the market support. Volume fell day over day, but price certainly told a story today. Yesterday’s...
by Big Wave Trader | Oct 9, 2014
Despite taking out last Thursday’s low stocks were able to reverse hard and close up on tremendous volume. We warned last night we needed this market to show some strength and we did see that today. Last Thursday’s low was certainly a pivotal point we were watching...
by Big Wave Trader | Oct 8, 2014
Europe continues to stumble despite the ECB’s pledge to begin its own Quantitative Easing program. After today’s session the stock market is now in a precarious position. If we do not rally and rally well off these lows could be very dangerous for those who continue...
