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...
by Big Wave Trader | Oct 13, 2012
The Big Wave Trading Portfolio is currently under a NEUTRAL condition. The model switched from BUY to NEUTRAL on Tuesday due to the Nasdaq closing below the 50 day moving average on average volume. Our model expected this switch to occur after Apple (AAPL) closed...
by Big Wave Trader | Oct 11, 2012
A much better jobless claims figure helped set the early tone of the market. Unfortunately, it would not last as sellers continued their relentless pursuit. It certainly didn’t help that reports of the jobless claim figure being falsified by a large state not...
by Big Wave Trader | Oct 10, 2012
Once again sellers ruled the day as fears over earnings continue to grab ahold of the market. The morning part of the session wasn’t all that bad, but sellers unloaded on the market pushing stocks to their lows where they would remain. The market did close near the...
by Big Wave Trader | Oct 9, 2012
The selling continues to be concentrated in technology stocks lead by AAPL, GOOG, PCLN and others. Another day of distribution and they have now piled up to where we are no longer in our uptrend. Today’s selling pushed us into a short-term oversold condition, but it...
by Big Wave Trader | Oct 7, 2012
There will not be a weekend update this week. We apologize for the inconvenience. Top Current Holdings – Percent Return – Date of Signal AVD long – 145% – 1/10/12 CAMP long – 72% – 4/26/12 SVNT long – 61% – 9/10/12 NTE...
