by Big Wave Trader | Apr 30, 2014
The market was dealt with a disappointing reading regarding GDP growth in the first quarter for the United States. If it weren’t for the mandated spending of Obamacare growth would have been negative. Better-than-expected personal consumption was nice to see. ...
by Big Wave Trader | Apr 29, 2014
A weaker than expected Case-Shiller price data wasn’t enough to shake this market lower. Volume was lower on the session and perhaps institutions simply do not want to get ahead of the FOMC policy announcement tomorrow at 2pmEST. Whatever the reason, we levitated on...
by Big Wave Trader | Apr 28, 2014
The story of the session was another big intraday move only to find buyers at the lows to push the markets back above the mid-point of the session. AAPL was part of the winners as the stock broke towards the $600 level something it hasn’t seen since 2012. The intraday...
by Big Wave Trader | Apr 27, 2014
The Big Wave Trading portfolio remains under an across the board SELL signal despite the DJ-30, NYSE, DJ-20 and SP500 still holding above their 50 day moving averages. The model has taken into account the price action of these big cap indexes, along with the current...
by Big Wave Trader | Apr 25, 2014
AAPL saves the day for the NASDAQ as the stock broke out from a very long base, but it was the intraday volatility stealing the show. It wasn’t long after the open when sellers began to take it to the market. Perhaps it was Putin making threats, but sellers showed...
by Big Wave Trader | Apr 23, 2014
Disappointing new home sales and a preliminary look at US manufacturing PMI from Markit did not help the bulls cause today. For much of the session stocks remained in negative territory with the NASDAQ taking the brunt of the selling. The positive on the day is we did...
