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...
by Big Wave Trader | Jul 21, 2014
Europe continues to move lower as tensions in Ukraine weigh on European indexes. US stock futures were lower this morning, but weren’t matching the level of decline as seen in Europe. Sellers picked up momentum as the morning wore on up until President Obama began...
by Big Wave Trader | Jul 20, 2014
The Big Wave Trading Portfolio is currently under a NEUTRAL conditions in all of the major stock market averages. The Nasdaq 100 has returned to a BUY condition following its switch to a NEUTRAL condition on Thursday. The Russell 2000 is returning to a NEUTRAL...
by Big Wave Trader | Jul 17, 2014
In the overnight session European stocks were on the downside putting pressure on US stock futures. At the open buyers came in early and fast helping the market back up to breakeven before they would be quickly turned away by overseas tensions. Just after news of a...
