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...
by Big Wave Trader | Jul 30, 2014
The morning kicked off with stocks running higher. Consumer confidence figures were at levels not seen since 2007 and the market initially liked it. However, as the market wore on and more rumors regarding an Obama impeachment and more sanctions against Russia...
by Big Wave Trader | Jul 29, 2014
After the morning selling gave way to afternoon buying the market ended mostly flat. Small cap stocks were once again laggards on the session as the Russell 2000 ended down .46%. The Russell 2000 continues to be very weak and it closed below its 200 day moving...
by Big Wave Trader | Jul 27, 2014
The Big Wave Trading Models are currently under a bit of a mixed weighing across the board. We are under a BUY signal in the SP-500 and Nasdaq 100 by proxy. They hit new all-time or 14-year highs. We are under a NEUTRAL signal in the Nasdaq undergoing what appears to...
