by Big Wave Trader | May 12, 2013
The Big Wave Trading Portfolios remain under a full BUY condition as we head into the upcoming week. There are currently zero items weighing on the model currently and it is not our job to try to guess when and if there will be any in the future. The trend continues...
by Big Wave Trader | May 10, 2013
A better than expected jobless claims figure failed to inspire buyers to hold stocks in positive territory at the start of the game. A weak wholesale inventory report sent sellers rushing into the market only to be saved once again by the Fed’s Permanent Open Market...
by Big Wave Trader | May 9, 2013
The lone economic piece of data for the US was Mortgage Applications showing a 7% gain. Economic data will be light for the rest of the week excluding tomorrow initial jobless claims figure. Commodities pushed higher as gold and crude led the way higher. The dollar...
by Big Wave Trader | May 8, 2013
Tuesday’s has been very profitable for the market accounting for 70% of gains and today wasn’t any different. Overnight the Nikkei 225 gained more than 3% as the Bank of Japan executes its QE program. If the Federal Reserve were to match the rate at which the BOJ is...
by Big Wave Trader | May 6, 2013
There wasn’t much fanfare in today’s market without any US economic data. In fact, this week will be quite a bore for those who thrive on economic data. AAPL gained more than two percent as the stock has moved off multi-year lows. BAC vaulted 5% on very strong volume...
by Big Wave Trader | May 5, 2013
The Big Wave Trading Portfolio is back under a full BUY signal across the board as all major market indexes are hitting new 52-week highs with the SP-500 hitting new all-time highs. The model was in a NEUTRAL pattern coming into the week but on 4/29 the Nasdaq and...
