by Big Wave Trader | Feb 25, 2013
Today’s start to the day appeared as if the market as about to resume its bullish trend. Economic data was non-existent besides a disappointing Flash PMI out of China. Europe was rallying hard on hopes of an optimal Italian election outcome. By mid-morning it became...
by Big Wave Trader | Feb 24, 2013
The Big Wave Trading Portfolio Model remains under a BUY signal from 1/2/13. There is added pressure arising on the overall model, thanks to the Wednesday and Thursday distribution days and the overall wedging pattern of the overall uptrend. This, along with the lack...
by Big Wave Trader | Feb 21, 2013
World markets were reacting to very poor flash PMI data out of Europe. Futures were lower, but were dealt more blows with disappointing US economic data. Jobless claims rose more than expected, but a big drop in the Philly Fed Index showed how weak this economy really...
by Big Wave Trader | Feb 20, 2013
Building permits and housing starts failed to inspire the market, but the selling didn’t start ramping until the FOMC meeting minutes. Volume for much of the day was running lower than Tuesday’s level as traders were waiting on the Federal Reserve’s latest meeting...
by Big Wave Trader | Feb 19, 2013
The market is able to shrug off a dip in homebuilder sentiment and move into new highs on the year. Small caps continue to lift despite ultra light volume in the IWM tracking ETF. Volume on the day was below Friday’s option inflated volume. NYSE composite came in...
by Big Wave Trader | Feb 18, 2013
No changes on Friday the 15th. Stocks are still in an uptrend while we have seen commodities turn lower. FXY continues to have trouble, but with Japan willing to burn its currency it is no wonder FXY is in a downtrend. TICKER ST TREND TREND CHANGE DATE CLOSE % SPY...
