by Big Wave Trader | May 18, 2014
The Big Wave Trading Portfolio remains under an odd mix of signals currently, with the Nasdaq and Russell 2000 under SELL signals and the NYSE, DJIA, and SP-500 under BUY signals. The current nature of the tape is one where cash is clearly king for EOD trend following...
by Big Wave Trader | May 15, 2014
Sellers won the day and the surprise was the Dow leading the charge lower. Volume jumped day-over-day in the heaviest volume of the week. Better than expected jobless claims and empire manufacturing were “good” news. On the flip side you had the Homebuilder...
by Big Wave Trader | May 14, 2014
A surprise uptick in producer prices threw caution in the wind as food prices jumped nearly three percent in the month of April. From the start stocks started lower, but maintained a tight range for much of the day until 2:30 EDT today. Sellers began to hammer the...
by Big Wave Trader | May 13, 2014
A disappointing retail sales figure seemingly helped both the Dow and S&P 500 hit new all-time highs. However, the party wouldn’t last very long as sellers were able to push back the market for much of the trading session. Closing lower again were the NASDAQ and...
by Big Wave Trader | May 12, 2014
Bullish expectations jumped on Monday as many market participants were happy to hear the rumor regarding ECB opening up to mimicking the US FOMC and running a QE program. Buyers jumped out from the gate, but they weren’t out in full force. Monday’s typically are light...
by Big Wave Trader | May 11, 2014
The Big Wave Trading Portfolio is in a very odd mix of signals currently with the Nasdaq and Russell 2000 still under a very strong SELL signal, the SP-500 and NYSE basically under a NEUTRAL/soft SELL signal condition, and the DJIA under a soft BUY signal. Due to...
