by Big Wave Trader | Jun 6, 2013
Yesterday’s sell off left many bulls left scratching their heads. But the Dip mentality continues to be the favored investment approach for those who are on CNBC. Our approach is much different and it is not left up to guess where one should enter. The failure to hold...
by Big Wave Trader | Jun 5, 2013 |
For the first time in 20 tries the Dow Jones Industrial Average fell on a Tuesday. Volume came in considerably from Monday’s level, but institutions weren’t keen on bidding up US stocks on volume following through on Monday’s gains. The market appears to be awaiting...
by Big Wave Trader | Jun 3, 2013
A dose of negative economic news helped embolden sellers during the first half of the trading session. However, sellers would lose their momentum and the market would regain strength pushing well off the lows of the day’s gains. After Friday’s late day plunge the...
by Big Wave Trader | Jun 1, 2013
The Big Wave Trading Directional Model has switched from a BUY signal to a NEUTRAL signal, following the final hour of action during Friday’s stock market session. The vicious sell off on Friday, combined with the churning and distribution days adding up this...
by Big Wave Trader | May 31, 2013
Slightly disappointing economic numbers failed to trip up the market at the open. GDP came in slightly below expectations and jobless claims were disappointing. Volume rose on the NASDAQ by a hair and dropped over on the NYSE. Plenty of stocks are holding up including...
by Big Wave Trader | May 30, 2013
Void of economic data early morning futures were lower on the back of European stocks and Nikkei futures moving lower. Volume started the day mixed, but gained momentum throughout the session. Even though today’s session was a technically a distribution day we were...
