by Big Wave Trader | Sep 1, 2014
I hope everyone had a wonderful Labor Day weekend. All of our models are under BUY conditions and our portfolio remains fully invested with a very tiny hedge that was added on Friday due to the short and intermediate term overbought conditions. If the rally continues,...
by Big Wave Trader | Aug 29, 2014
The big story to start the session was the big upward revision of the second quarter GDP. Expectations were for the second quarter to have grown at 3.9% annualized rate, but revisions were well past that at 4.2%. The revision was great news for the economy, right? ...
by Big Wave Trader | Aug 27, 2014
A late afternoon selling hiccup just before the final hour was just about all the excitement for the day. Early morning selling kicked us off and it too found support, but with volume so low it really cannot be chalked up to institutions rushing in to support...
by Big Wave Trader | Aug 26, 2014 |
Small caps joined the party as the Russell 2000 index led all major indexes higher. It was a good sign to see the small capitalization stocks join the party. Durable goods blasted higher, but it was solely due to Boeing. Home prices stumbled with the Case-Shiller...
by Big Wave Trader | Aug 26, 2014
The S&P 500 failed to hang on to 2000, but it still closed in all-time highs. Over on the NASDAQ the index hit a 14 ½ year high. Volume on the NASDAQ was higher, but lower on the NYSE. IWM remains well below its all-time high and has a bit of work in order to...
by Big Wave Trader | Aug 24, 2014
It’s is vacation time on Wall Street as volume came in below average all week long. As is normally the case when volume is below average, stocks melted up with leading stocks (based on RS ratings) shining the brightest. The Nasdaq and Nasdaq 100 remain under a...
