Massive Selling has our Market Model Switch to Sell Mode

Massive Selling has our Market Model Switch to Sell Mode

Massive selling today pushes the Big Wave Trading market model to SELL mode.  For whatever the reason sellers were in control for the entire day sending stocks lower in massive turnover. The S&P 500 dove through its 50 day moving average in massive turnover.  Only...
GDP Beats Expectations yet Stocks Continue to Churn

GDP Beats Expectations yet Stocks Continue to Churn

Despite a disappointment from the ADP Employment report the market received good news as second quarter GDP came in at 4%.  The GDP figure came in well ahead of expectations pushing futures higher prior to the market open.  Unfortunately, the highs set in the morning...

More Market Churn as Stocks reverse from Session Highs

The morning kicked off with stocks running higher.  Consumer confidence figures were at levels not seen since 2007 and the market initially liked it.  However, as the market wore on and more rumors regarding an Obama impeachment and more sanctions against Russia...