by Big Wave Trader | Mar 10, 2015
Despite a seemingly solid jobs report sellers took to the market slamming it hard. Volume was up big on Friday as sellers were eager to dump stock. Today’s session was complete opposite where selling did not follow through and volume slumped. AAPL had a big day as...
by Big Wave Trader | Mar 8, 2015
The Big Wave Trading Portfolio remains under a BUY signal in every major market index except the NYSE. The NYSE model switched from a BUY signal to a NEUTRAL signal following Friday’s sell off on heavier volume. All of the other models remain under a BUY signal...
by Big Wave Trader | Mar 6, 2015
For the most part, economic data has not been stellar. Those who are bearish on this economy continue to point out how we are overvalued on every metric. Unfortunately for those who continue to fight this market have been bitten pretty hard. We had a decent rebound...
by Big Wave Trader | Mar 5, 2015
Positive data from the ADP Employment report and ISM Non-Manufacturing index couldn’t help the markets from selling off from the market open. Sellers were in complete control, but it wouldn’t be long before the NASDAQ would find support. A concern of ours would be...
by Big Wave Trader | Mar 4, 2015
The day after the NASDAQ hits 5000 for the only third time in its history distribution hits the very next day. It was not all bad news as the NASDAQ Composite was able to close above its mid-point of the session. Volume fell on the NYSE as the S&P 500 escapes...
by Big Wave Trader | Mar 3, 2015
March kicked off with more new highs and the NASDAQ Composite index closing above 5000 for only the third time in its history. The last time the NASDAQ was at these levels was March 2000! All-time highs for the Dow and S&P 500 is not a bearish signal, but many...
