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...
by Big Wave Trader | Mar 11, 2014
Quite the day today with some high flyers getting slammed pretty good with the overall market moving lower on volume. Whatever the reason stocks moved lower and today’s distribution was led by the Russell 2000. When this occurs we take notice as it is concerning...
by Big Wave Trader | Mar 10, 2014
Friday’s better than expected jobs report has been overshadowed by geopolitical events and a possible terrorist attack on a Malaysian Jetliner (let the facts sort out speculation). The NASDAQ closed lower for the third day in a row, but was the major index out of the...
