by Big Wave Trader | Sep 26, 2012
Stocks continue to struggle with the Fed’s Quantitative Easing hangover as the S&P 500 and NYSE Composite get hit with a day of distribution. Sellers got to work again pushing stocks lower in the morning session. Riots in Europe certainly did not help ease any...
by Big Wave Trader | Sep 25, 2012
Heavy volume selling struck the market down marking a day of distribution. One day of a heavy volume selling does not break an uptrend, but this one grabbed our attention. The day started off well with the market pushing to the highs of the session prior to noon time....
by Big Wave Trader | Sep 24, 2012
The story of this uptrend has been Mondays closing lower. Volume was lower today, but even with Friday’s volume today’s trade was quite light. On the face of it we do have a market continuing to consolidate its Fed induced rally. Friday’s session saw sellers knock...
by Big Wave Trader | Sep 22, 2012
The Big Wave Trading Portfolio continues to be under a BUY signal that was generated on August 3rd. The past week was another overall solid week with solid intraday price action outside of Friday. Another positive was the Nasdaq having two up sessions on volume well...
by Big Wave Trader | Sep 20, 2012
The week of consolidation continues as debate over whether or not this market can go higher rages on. Overnight China’s flash PMI disappointed showing the country continues to slow significantly. China’s disappointment sent futures lower across the board. US economic...
by Big Wave Trader | Sep 19, 2012
Small cap stocks lagged the general market by closing in the red with the major market averages close just barely in the green. Buyers stepped up their operations just after 10:30 am EST showing this market has support. However, buyers weren’t able to keep the market...
