by Big Wave Trader | Nov 4, 2013
There is nothing like a little light volume rally to start the week. The big winner of the day was the Russell 2000 closing with 1.15% gains. Volume was lower across the board, but given today was a Monday it doesn’t come to us as a surprise. Financials and Biotechs...
by Big Wave Trader | Nov 2, 2013
The Big Wave Trading Portfolio remains under a BUY signal across the board as all indexes remain in a strong uptrend with the uptrend coming with above average volume on the Nasdaq. While we have been absent from a weekend report for a couple of weeks now, we remain...
by Big Wave Trader | Nov 1, 2013
S&P 500 closes the month with nearly 5% in gains despite a government shutdown. Volume was up on the day as end-of-the-month shenanigans elevated turnover. It appeared the market was going to close higher, but late day sellers spoiled the fun. The Dow Jones...
by Big Wave Trader | Oct 31, 2013
All eyes were fixated on the FOMC release of their most recent meeting. Heading into the meeting stocks were off their highs of the session. Volume was running lower as many institutions and traders were simply waiting on whether or not the FOMC would announce a...
by Big Wave Trader | Oct 29, 2013
Once again the market was dealt with less then stellar economic data. PPI and Retail sales were disappointing with Retail Sales at an unadjusted rate of -9%. Early in the trading session, but once again buyers were able to use the newly found liquidity from the...
by Big Wave Trader | Oct 28, 2013
More disappointing economic data hit the market prior to the market open and after. An initial effort by sellers pushed the market to its lows, but by 11am buyers found their way armed with more than 5 billion in stimulus from the Fed’s POMO. Even as buyers found...
