by Big Wave Trader | Jul 10, 2013
It was clear from the start traders were waiting on the FOMC meeting minutes. Volume was running much lower from Friday’s pace. The housing market continues to receive bad news from Mortgage Applications as once again they fell 4% week over week. Higher rates have...
by Big Wave Trader | Jul 9, 2013
Sloppy action began the day as sellers immediately hit the open. However, just after 10:30 and during the Fed’s open market operations did the market find its footing and reverse course. For the fourth straight day the market saw gains, but volume ended mixed on the...
by Big Wave Trader | Jul 8, 2013
The market got off to a good start thanks to Europe rebounding after Friday’s dismal performance. For the NASDAQ the high of the day would come shortly after the open and it would fall from there. The Dow fared the best today gaining 59 basis points, but it too was...
by Big Wave Trader | Jul 6, 2013
The Big Wave Trading Portfolio is under multiple signals currently, as small caps are significantly outperforming big caps. Overall the Model is weighed mixed BUY to NEUTRAL with the Russell 2000 being under a clear BUY signal, the Nasdaq under a BUY/NEUTRAL signal,...
by Big Wave Trader | Jul 3, 2013
A military coup and the continuation of the Euro crisis couldn’t hold back stock prices from going higher. The holiday shortened session was just that and uneventful. While we enjoy the price action it is hard to put much behind it due to the shortened session. We did...
by Big Wave Trader | Jul 3, 2013
Another morning rally turned sour as sellers regain control. The market received positive news as total vehicle sales jumped more than expected. Once again the 50 day proved too much for the S&P 500 and Dow Jones Industrial average. Today’s volume was higher than...
