by Big Wave Trader | Oct 23, 2012
More selling hits the street despite yesterday’s end of day rally. The 200 day provided the NASDAQ with some support, but the index failed to put in a big turn around day. Earnings continue to pour in and are only helping a few stocks. FB reported after-hours and is...
by Big Wave Trader | Oct 20, 2012
THE COLUMN BELOW WAS A PREMIUM MEMBERSHIP COLUMN PUBLISHED ON FRIDAY FOR BIG WAVE TRADING MEMBERS. ANALYSIS SPECIFIC TO TRADING POSITIONS HAS BEEN REMOVED. Happy anniversary of the October 19, 1987 crash everyone!! Well, well, well. It sure was an interesting day to...
by Big Wave Trader | Oct 18, 2012
Earnings continue to send technology stocks lower and GOOG was not any different. To begin the day jobless claims were much worse than expected. The biggest story of the day was GOOG’s release of its earnings well ahead of the close. More than 3 billion shares traded...
by Big Wave Trader | Oct 17, 2012
IBM weighed heavily on the Dow Jones Industrial Average today helping keep the index in negative territory while the S&P 500 and NASDAQ close in the green. Volume on the exchanges was heavier across the board thanks to earnings trading from INTC and IBM. Both...
by Big Wave Trader | Oct 16, 2012
Back-to-back Accumulation Days has the Big Wave Trading model switch back to BUY mode. The NASDAQ still remains below the 50 day moving average, but the S&P 500 continues to act strong on the back of bank earnings. Technology earnings are now in focus and during...
by Big Wave Trader | Oct 15, 2012
The market finally bounces from oversold conditions as volume ends mixed. Volume rose on the NYSE and NASDAQ exchanges, but SPY and QQQ volume remained light. Retail sales jumped more than expected helping set the tone early on. Sellers got the upper hand on the...
