by Big Wave Trader | Aug 20, 2013
Overnight Asian markets did not act well as Indonesia and India are looking quite weak. The Nikkei is looking rather weak as well despite the Japanese Central Bank pumping trillions upon trillions into the Japanese market. State side the market bounced off short-term...
by Big Wave Trader | Aug 19, 2013
Summer trading continues as volume continues to be very light. However, price action is not being kind to longs at the moment. The morning’s gains quickly evaporated after the European close as the market as unable to find enough buyers to support higher prices....
by Big Wave Trader | Aug 18, 2013
The Big Wave Trading Portfolio switched from a BUY signal to a NEUTRAL signal during the past week, following an insane amount of Hindenburg Omen signals the past two weeks and a breakdown in the market on Thursday. 6 out of 8 Hindenburg Omens in such a short period...
by Big Wave Trader | Aug 15, 2013
A slew of positive economic data helped bolster the case for the Federal Reserve to taper its money printing scheme. Apologies, taper the quantitative easing program. The S&P 500 blew by a key level we had been watching in heavy trade as well as the NASDAQ....
by Big Wave Trader | Aug 14, 2013
Its official European nations are out of recession as GDP rises above expectations. The news did very little for US stock futures and neither did Mortgage Applications which fell 4.7% week over week. Homebuilders once again were weak on the session and continue to...
by Big Wave Trader | Aug 14, 2013
A less than stellar retail sales report couldn’t keep the market down today. Volume jumped over Monday’s super light trading volume. It isn’t a surprise to see Tuesday volume higher than Monday, but nice to see where the market reverses its early morning losses. The...
