by Big Wave Trader | Feb 9, 2013
The Big Wave Trading Portfolio remains under a strong BUY signal from 1/2/13. There remains absolutely zero indications, via price action, that there is anything to do but ride the trend higher here. Despite the constant discussions of what is wrong with this rally...
by Big Wave Trader | Feb 7, 2013
The Bank of England and European Central Bank kicked off the day with holding their rates steady. Neither rate announcement spurred much movement the reaction by the EURO certainly kicked off selling in the US markets sending the US markets to their lows of the...
by Big Wave Trader | Feb 6, 2013
Overnight the Nikkei jumped 3.8% as the country remains hell bent on trashing their currency. Europe resumed moving lower as the DAX fell more than 80 points. On this side of the pond futures were lower on the moves in Europe. Just before lunch time rumors of a...
by Big Wave Trader | Feb 5, 2013
The market quickly erased majority of Monday’s losses in one session. Volume rose across the board from Monday’s level. Monday’s have been for quite some time light volume days and higher volume kicking in today was not a surprise. Banks led the way while Small caps...
by Big Wave Trader | Feb 4, 2013
Europe kicked off the selling with Spain and Italy taking on the brunt of the selling. The DAX fell 2.5% as the index fell in heavy volume erasing last week’s gains. Volume on the state side fell, but Monday’s have been light in general. Technology stocks led the...
by Big Wave Trader | Feb 3, 2013
One change in trend from Friday in GLD as the short-term trend indicator has flipped to downtrend. We may think the efforts from the FED should have GLD flying high, but we obey price. FXY remains in free fall. Keep an eye on the Fed at this point no one really is...
