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...
by Big Wave Trader | Feb 12, 2014
The market got off to a good start, but it wouldn’t last too long. Volume on the NYSE as the S&P 500 digested its gains from the prior day while the NASDAQ added to its gains with volume. Clearly, the NASDAQ is the clear winner here and even though we haven’t...
by Big Wave Trader | Feb 11, 2014
The story of the day is with the move in the markets today we saw majority of the recent losses recovered in higher turnover. Today’s move is a clear sign of institutions putting money to work and we certainly were clued on Friday. In our forums we noted the change...
