by Big Wave Trader | Jul 13, 2014
The Big Wave Trading Portfolio remains under a BUY signal across the board. The BUY signal remains despite the short-term weakness in the overall market. For now, all major market averages are trending above their respective 50 day moving averages. This keeps the...
by Big Wave Trader | Jul 11, 2014
Futures were dealt a blow with news out of Europe regarding the largest publicly traded Bank in Portugal was once again in trouble. European shares were sold off in heavy volume and at the session open US stocks followed. However, not long after the open buyers...
by Big Wave Trader | Jul 9, 2014
The Federal Reserve meeting minutes showed the Fed’s focus is not ending QE but when the next rate hike will come. Janet Yellen will now try to take the focus off of QE and keep the narrative on interest rates. Initially, the market did not like what it saw from the...
by Big Wave Trader | Jul 8, 2014 |
Losses were carried over from yesterday’s session as volume jumped today. We have seen the first real distribution in quite some time as volume soared above Monday’s level. The lone sector in the S&P 500 in the green was the Utility sector. Selling was...
by Big Wave Trader | Jul 7, 2014
After a long holiday weekend those who were back in the office were sellers of this market today. A debate will certainly rage over whether today will count as a distribution day or not. We’ll count it as such, but we’ll need to see more evidence this market is...
by Big Wave Trader | Jul 6, 2014
I hope everyone is having or had a wonderful Fourth of July weekend. As we head into the new week, our models all remain under a BUY condition and we are fully invested. There is no overhead resistance currently, we have a wall of worry to climb, and without any...
