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...
by Big Wave Trader | Jul 3, 2014
First apologies for no commentary last night and an abbreviated one tonight. The bond market sold off today while stocks traded in their narrowest range year-to-date. Today’s session rings a bell: “Never short a dull market.” The lack of volatility is not overly...
by Big Wave Trader | Jun 30, 2014
We closed out the first 6 months of trading of 2014 by closing mixed. Volume was lower, but it was due to the Russell rebalance inflating Friday’s trade figures. It appeared this market was going to close out June on a high note. However, sellers took control...
by Big Wave Trader | Jun 29, 2014
The Big Wave Trading Portfolio is under a BUY signal across the board as all of the major market indexes are trending higher with leading stocks across many sectors leading the way. While there are many short-term concerns for this market with Ukraine, Iraq, the Fed,...
