by Big Wave Trader | Jun 9, 2014
Today’s market was void of any economic releases, but this morning’s market saw AAPL trade in double digits after a 7-for-1 stock split. Small caps stocks were the leaders of today’s market with the Russell 2000 nearly up one percent for the day. NASDAQ finished...
by Big Wave Trader | Jun 8, 2014
The Big Wave Trading Portfolio Model remains under a BUY signal in every index except the Russell 2000 which is under a NEUTRAL condition. The Russell 2000 switched from a SELL to NEUTRAL signal following the powerful price move on Thursday. There are still two major...
by Big Wave Trader | Jun 5, 2014
The focus was on the ECB and its plan to begin a quantitative easing program. Never mind the 45.5% increase in planned layoffs by US companies the market cheered the news of continued central bank support of stocks. Initial jobless claims ticked higher than...
by Big Wave Trader | Jun 5, 2014
A disappointing ADP employment figure did very little to hold back the market from finding support during the morning session. Once again volume was noticeable absent from the market, but it has yet to prove to be an issue for this market. We continue to see this...
by Big Wave Trader | Jun 3, 2014
As volume did expand today stocks were able to find support and avoid any nasty distribution. While the S&P 500 remains just below its all-time high the NASDAQ has tightened up considerably over the past few trading sessions. Our volatility ratio has reflected...
by Big Wave Trader | Jun 2, 2014
The official start of summer isn’t for a few weeks, but the light volume theme continues as volume underwhelms despite the NYSE, Dow Jones Industrial Average, and S&P 500 finishing higher. Bonds sold off pushing the 10 year Treasury yield back above 2.5%. What we...
