by Big Wave Trader | Jun 30, 2014
We closed out the first 6 months of trading of 2014 by closing mixed. Volume was lower, but it was due to the Russell rebalance inflating Friday’s trade figures. It appeared this market was going to close out June on a high note. However, sellers took control...
by Big Wave Trader | Jun 29, 2014
The Big Wave Trading Portfolio is under a BUY signal across the board as all of the major market indexes are trending higher with leading stocks across many sectors leading the way. While there are many short-term concerns for this market with Ukraine, Iraq, the Fed,...
by Big Wave Trader | Jun 26, 2014
The fight this market has is truly amazing and after today’s session it is very difficult to argue against this notion. Even hearing a hawkish Fed official in Bullard making the proclamation the Fed is closer to its targets and will need to raise rates didn’t send...
by Big Wave Trader | Jun 25, 2014
The talk of the town this morning was the revision to first quarter GDP showing a decline of 2.9%. Durable goods disappointed as well, but the market was able to quickly shrug off the stale economic data and push forward. Volume was mixed on the session with NYSE...
by Big Wave Trader | Jun 24, 2014
Let the bears come out of hibernation and begin to bang the correction drum! Today was the first sign of institutional selling we have seen since the beginning of this rally. The market reversed off its high of the day closing near session lows. Volume jumped...
by Big Wave Trader | Jun 23, 2014
Positive economic data kicked off the session, but traders weren’t ready to bid up stocks and keep them at session highs. Led by the NASDAQ 100 the market closed mostly lower in light trade. Today was the first session of the summer season and volume lived up to its...
