by Big Wave Trader | Aug 13, 2013
The dog days of summer hit the market with volume dropping to the lowest levels since early July. Early morning lows were met with buyers, but for the S&P 500 and the Dow couldn’t muster gains. Over at the NASDAQ and Russell 2000 were able to grab gains. Not much...
by Big Wave Trader | Aug 10, 2013
The Big Wave Trading Portfolio remains under a BUY signal with zero pressure measuring against its signal. The past week was extremely constructive as stocks pulled back on lighter below average volume with bullish intraday reversals off the lows. This constructive...
by Big Wave Trader | Aug 8, 2013
After the recent bout with selling the market was able to find buyers pushing the market higher as volume swelled. Whether or not it was managers trying to get in their trades prior to leaving the Hamptons or Shore doesn’t really matter. Expanding volume as price...
by Big Wave Trader | Aug 7, 2013
Continuing with the summer trade the market closed lower lead by the Russell 2000. The NASDAQ posted back to back losses while the S&P 500 losing streak extended to 3 days. We did see a nice rally off the lows, but as soon as the rally began volume was sucked out...
by Big Wave Trader | Aug 7, 2013
Let the top calling begin as the stocks pull back in heavier volume. Today’s pull back wasn’t too severe and part of a normal reaction to the market hitting new highs. What we’ll want to avoid seeing for this uptrend to fail is a string of distribution days strung...
by Big Wave Trader | Aug 5, 2013
ISM non-manufacturing readings from across the globe collectively showed the service side of the economy continues to expand. The better than expected data didn’t help the DAX and Nikkei too much and failed to spark the S&P 500 and Dow Jones Industrials to new...
