by Big Wave Trader | Jul 27, 2013
The Big Wave Trading portfolio remains under a BUY signal with only a minor amount of pressure on the indexes following the weak price action on Tuesday and Wednesday in the overall market. Besides that there is no pressure in our model as leading stocks, speculative...
by Big Wave Trader | Jul 26, 2013
Despite selling in Europe and Japan the US Markets were able to reverse losses and end near highs of the session. The big story was the massive move FB made after announcing second quarter earnings. On the flip side, homebuilder PHM reported earnings the street did...
by Big Wave Trader | Jul 25, 2013
A big jump in New Home sales failed to get the market going as the homebuilders sold off hard on the news. The talk of the street was AAPL earnings and the stock’s big move on the day. Without AAPL the NASDAQ would have notched a day of distribution. The S&P 500...
by Big Wave Trader | Jul 23, 2013
Earnings season continues and the prevailing theme is for companies to beat on the bottom line, but fall short on top line growth. There are many things we can extrapolate, but in the end it won’t help our bottom line. A big miss from the Richmond Manufacturing index...
by Big Wave Trader | Jul 22, 2013
Today was a quiet day in the Market as participants ease back into trading from the summer weekend. Existing home sales disappointed where by sales dropped 1.2% month-over-month. Clearly higher rates have put pressure on the housing market. Chicago Fed Activity index...
by Big Wave Trader | Jul 20, 2013
The Big Wave Trading Model remains under a BUY signal with very little data weighing against its current signal. The stock market climbed higher, across the board, this week and despite the lower volume there remains very little to zero selling pressure in the current...
