by Big Wave Trader | Feb 6, 2014
European markets rebounded overnight along with US futures after Wednesday’s volatile session. Buying began immediately out of the gate pushiung higher until we’d get the high of the day around 10:45am EST. Volume was lower on the day as institutions appeared to be...
by Big Wave Trader | Feb 6, 2014
A disappointing ADP Employment report, but a slightly better than expected ISM non-manufacturing figure sparked a wild ride in the markets. Selling got started just before the ISM non-manufacturing figure was released and while a short pop followed the number sellers...
by Big Wave Trader | Feb 4, 2014
Overnight markets were hit quite hard with the Nikkei down more than 4%. US markets were able to regain some of the losses occuring during Monday’s session as volume fell considerably across the board. Today’s lack of buying conviction does not come as a surprise as...
by Big Wave Trader | Feb 3, 2014
Small cap stocks took the brunt of the selling today while the rest of the major market averages dropped more than 2% across the board. The day got going with weak ISM manufacturing data and boy did it miss the mark. While we can assume the selling was because of...
by Big Wave Trader | Feb 2, 2014
The Big Wave Trading Portfolio switched to a soft SELL signal on Monday 1/27/2014 as the stock market sold off for the third day in a row on very heavy volume with the Russell 2000 breaking down below the 50 day moving average. Normally, this price action alone would...
by Big Wave Trader | Jan 31, 2014
It remains to be seen whether or not today was the start of a new uptrend or not. Volume wasn’t overwhelming, but after the Federal Reserve rate announcement it would have taken quite a bit of turnover to surpass yesterday’s volume. Earnings continue to poor in and...
