by Big Wave Trader | Aug 6, 2014
Forget the ISM figures and other economic data point the geopolitical issues in the world are causing jitters to increase. The market did take a bit of a dip after the release of the ISM non-manufacturing numbers. However, the market was able to stabilize and inch...
by Big Wave Trader | Aug 5, 2014 |
After last week’s selling a bounce was certainly not unexpected. Volume could not match Friday’s levels, but Friday was the first of the month where volume is typically elevated. Price action was solid for much of the day after the morning dip as European stocks...
by Big Wave Trader | Aug 2, 2014
The Big Wave Trading Portfolio has been anticipating for weeks that something was wrong with the most recent attempted rally in the overall stock market. On Thursday these problems were confirmed with a huge sell off on extremely large volume with many leading stocks...
by Big Wave Trader | Aug 1, 2014
Massive selling today pushes the Big Wave Trading market model to SELL mode. For whatever the reason sellers were in control for the entire day sending stocks lower in massive turnover. The S&P 500 dove through its 50 day moving average in massive turnover. Only...
by Big Wave Trader | Jul 31, 2014
Despite a disappointment from the ADP Employment report the market received good news as second quarter GDP came in at 4%. The GDP figure came in well ahead of expectations pushing futures higher prior to the market open. Unfortunately, the highs set in the morning...
by Big Wave Trader | Jul 30, 2014
As we have been saying for weeks now, it appears the market is undergoing some churning action that historically leads to lower prices. Today was further confirmation of this and we had NYSE stocks break down everywhere in my important nightly scans. This is a big...
