by Big Wave Trader | Aug 22, 2014
The market continues to inch higher into new high territory. Volume ended mixed on the session with the NYSE turnover higher while NASDAQ pulled in. It is hard to argue with a market hitting an all-time high on higher volume. Market pundits certainly can find...
by Big Wave Trader | Aug 21, 2014
The story of the session was the volatility following the release of the FOMC meeting minutes. For much of the session leading up to the release the market was relatively quiet. Immediately following the release the market initially moved lower only to find buyers...
by Big Wave Trader | Aug 19, 2014
For the past seven out of eight days the NASDAQ has seen a positive close. Today, the S&P 500 would take over leading the market higher as volume across both the NYSE and NASDAQ fell from yesterday’s levels. Lagging once again was the Russell 2000. Whether or...
by Big Wave Trader | Aug 19, 2014
Despite volume coming in lower than the 50 day average, stocks advanced. We continue to see a plethora of stocks setup, breakout, and add to gains. It is very important we continue to see this type of action from the stocks we are following. Crude oil slumped once...
by Big Wave Trader | Aug 17, 2014
The Big Wave Trading Portfolio is once again heavily long as our market direction model on the Nasdaq and Nasdaq 100 returned to BUY signal this week. This is following a series of switches from BUY (signal given in May) to NEUTRAL to SELL to NEUTRAL to BUY all in the...
by Big Wave Trader | Aug 14, 2014
A shaky start to the trading session for stocks gave way to steady buying throughout the entire session. Leading the way once again was the NASDAQ 100 while the Russell 2000 lagged quite a bit. Just after the bond auction at 1pm EDT the 30 year Treasury bond rallied...
