by Big Wave Trader | Jun 11, 2014
Another day of consolidation with the Dow Jones Industrial Average led the entire market lower. Small caps weren’t too far behind the Dow, but with lighter volume neither index came under distribution. Volume was lower across the board as the S&P 500 and NASDAQ...
by Big Wave Trader | Jun 10, 2014
Today was a solid day of consolidation for the overall market with volume falling on the trading session. After the recent run-up a period of consolidation is always welcomed. Volume once again was lower across the board, but it was a positive sign with the market...
by Big Wave Trader | Jun 9, 2014
Today’s market was void of any economic releases, but this morning’s market saw AAPL trade in double digits after a 7-for-1 stock split. Small caps stocks were the leaders of today’s market with the Russell 2000 nearly up one percent for the day. NASDAQ finished...
by Big Wave Trader | Jun 8, 2014
The Big Wave Trading Portfolio Model remains under a BUY signal in every index except the Russell 2000 which is under a NEUTRAL condition. The Russell 2000 switched from a SELL to NEUTRAL signal following the powerful price move on Thursday. There are still two major...
by Big Wave Trader | Jun 5, 2014
The focus was on the ECB and its plan to begin a quantitative easing program. Never mind the 45.5% increase in planned layoffs by US companies the market cheered the news of continued central bank support of stocks. Initial jobless claims ticked higher than...
by Big Wave Trader | Jun 5, 2014
A disappointing ADP employment figure did very little to hold back the market from finding support during the morning session. Once again volume was noticeable absent from the market, but it has yet to prove to be an issue for this market. We continue to see this...
