by Big Wave Trader | Mar 19, 2014
In typical fashion volatility was sparked after the rate announcement from the Federal Reserve. Janet Yellen’s first meeting is now out of the way and we can move forward. On the positive side of the market today is we were able to close above Monday’s high on the...
by Big Wave Trader | Mar 19, 2014
A good day for stock market bulls as yesterday’s high is cleared on expanding volume. Today was a clear sign bulls still want to dance and accumulate shares of stock. It may be somewhat surprising ahead of the Federal Reserve tomorrow, but we are not going to argue...
by Big Wave Trader | Mar 17, 2014
The market rebounds from the end-of-the-week selling from last week. Early going was solid after positive economic data helped boost the market. Homebuilder sentiment crept higher from February’s reading, but was below economists’ expectations. Resistance was hit...
by Big Wave Trader | Mar 15, 2014
Due to a weekend away from home, there will not be a full update this weekend. What is important is that our market model has switched to a NEUTRAL condition following the sell off on Thursday. There is too much evidence in individual stocks, old sector leadership,...
by Big Wave Trader | Mar 14, 2014
This morning’s economic data helped boost the market, but it couldn’t keep the market afloat for the entire day. Major distribution struck down on the entire market as sellers simply overwhelmed the market. So much so today’s outside reversal has ended our current...
by Big Wave Trader | Mar 12, 2014
Out of the gate sellers took to the market slamming prices lower, but it wouldn’t last too long. Just before 10 am the market was able to find its footing and begin its march higher. Volume from the onset was tracking higher and it was attributed to the selling...
