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...
by Big Wave Trader | Aug 13, 2014
Despite a weaker than expected retail sales figures and a bond rally US stocks continued to push off their most recent lows. European shares rose erasing Tuesday’s losses in a sign of strength and helping out early morning futures. On the day, volume was higher...
by Big Wave Trader | Aug 13, 2014
A weak read from retail sales did very little tripping up the gains futures were indicating prior to the US market open. European shares rebounded recovering majority of yesterday’s losses. The DAX is now in range to confirm a new up-trend if price and volume...
by Big Wave Trader | Aug 11, 2014
Global markets rally as geopolitical risk appear to diminish. The Dow Jones Industrial Average was the weakest link in the US closing with just a .10% gain. Small caps stocks led the entire market higher followed by the NASDAQ. We were moving as if we were going to...
