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...
by Big Wave Trader | Jul 24, 2014
A slew of earnings hit the market and while earnings for many Biotech stocks were positive the market did not receive them well. Biotech was hit hard led by ALXN and ILMN to name a few. The S&P 500 hit a new all-time high, but finished near session lows as the...
by Big Wave Trader | Jul 23, 2014
Slow and steady is this market’s mantra as the S&P 500 hits a new all-time record high in light turnover. Volume still does not matter and we have seen this market make new highs without much volume. Volume on the NASDAQ was higher thanks to MSFT and AAPL. ...
by Big Wave Trader | Jul 22, 2014
Following Europe’s lead US stock futures were pointed higher during pre-market trading. Inflation data did not budge futures one way or another as the headline figure was just above the Federal Reserve Bank’s target. A few hiccups in the afternoon knocked the market...
