by Big Wave Trader | Jun 26, 2014
The fight this market has is truly amazing and after today’s session it is very difficult to argue against this notion. Even hearing a hawkish Fed official in Bullard making the proclamation the Fed is closer to its targets and will need to raise rates didn’t send...
by Big Wave Trader | Jun 25, 2014
The talk of the town this morning was the revision to first quarter GDP showing a decline of 2.9%. Durable goods disappointed as well, but the market was able to quickly shrug off the stale economic data and push forward. Volume was mixed on the session with NYSE...
by Big Wave Trader | Jun 24, 2014
Let the bears come out of hibernation and begin to bang the correction drum! Today was the first sign of institutional selling we have seen since the beginning of this rally. The market reversed off its high of the day closing near session lows. Volume jumped...
by Big Wave Trader | Jun 23, 2014
Positive economic data kicked off the session, but traders weren’t ready to bid up stocks and keep them at session highs. Led by the NASDAQ 100 the market closed mostly lower in light trade. Today was the first session of the summer season and volume lived up to its...
by Big Wave Trader | Jun 22, 2014
The Big Wave Trading Portfolio is under a BUY signal across the board as the Russell 2000 officially entered this mode during the week joining the rest of the stock market indexes already under this signal. Overall volume remains tame on the major market indexes but...
by Big Wave Trader | Jun 19, 2014
Stocks traded in a tight range, but it was GLD leading the way higher. Overnight the Nikkei broke out in heavy trade a good sign for Japanese stocks following the move yesterday. It is clear there is a new uptrend in GLD from today’s move as well as US stocks and...
