by Big Wave Trader | Feb 22, 2014
The Big Wave Trading Portfolio is back under a BUY signal, following the strong showing of individual stocks on Monday and the return of the Russell 2000 and Nasdaq leading the market on a Relative Strength basis. The most important thing to me is how individual...
by Big Wave Trader | Feb 21, 2014
A sluggish start would give way to buyers stepping up accumulating shares of those on the NASDAQ. It was the Russell 2000 who would lead the market higher today as investors continue to pour money into the Russell and NASDAQ. Volume on the NASDAQ rose, but fell on...
by Big Wave Trader | Feb 19, 2014
FOMC meeting minutes failed to inspire buyers to continue supporting a massive run in the market. We certainly expected the market to pull in and today wasn’t all that atrocious as it could have been given we have moved so far in very little time. Volatility jumped...
by Big Wave Trader | Feb 19, 2014
A disappointing NAHB reading couldn’t hold back the Russell 2000 and NASDAQ composite for too long as buyers continue to pile into these two indexes. The S&P 500 did finish in the positive territory, but still lags behind the NASDAQ. Volume was lower on the...
by Big Wave Trader | Feb 17, 2014 |
The Big Wave Trading Portfolio model remains under an awkward position with our model currently under a BUY signal in the Nasdaq 100 index and a NEUTRAL signal in all the other major market averages. As each average hits a new 52-week high, the NEUTRAL signal will...
by Big Wave Trader | Feb 14, 2014
Futures did not start the day in a positive manner, but would turn as buyers step in and support the market. The morning’s economic news lead by retail sales and jobless claims sent futures lower by nearly one percent. While sellers were out in full force before the...