by Big Wave Trader | Sep 7, 2014
The Big Wave Trading Directional Models have undergone a couple of changes the past week. The first change was on Thursday when our models switched to NEUTRAL following the back-to-back gap reversals in overbought conditions. The second change came on Friday when the...
by Big Wave Trader | Sep 4, 2014
A surprise move by the ECB by cutting rates helped push US stocks higher for the early part of the session. The surprise move buried the EURO with EURUSD plunging to lows not seen since July of 2013. By mid-morning the steam had run from the market and the highs...
by Big Wave Trader | Sep 3, 2014
Small Caps and the NASDAQ 100 led the market lower today after solid gains yesterday. The news regarding the Celebrity Nude scandal finally go to AAPL as traders were using the excuse as the stock sold off in heavy volume. Volume on the NYSE ran lower on the...
by Big Wave Trader | Sep 2, 2014
The stock market welcomed back traders with a dull day, but big time volume. On the bright side we did have the NASDAQ and Russell 2000 pushed higher. Institutions were back from summer vacation in a big way as volume jumped well over Friday’s level. Aside from the...
by Big Wave Trader | Sep 1, 2014
I hope everyone had a wonderful Labor Day weekend. All of our models are under BUY conditions and our portfolio remains fully invested with a very tiny hedge that was added on Friday due to the short and intermediate term overbought conditions. If the rally continues,...
by Big Wave Trader | Aug 29, 2014
The big story to start the session was the big upward revision of the second quarter GDP. Expectations were for the second quarter to have grown at 3.9% annualized rate, but revisions were well past that at 4.2%. The revision was great news for the economy, right? ...
