by Big Wave Trader | Sep 18, 2012
Turnaround Tuesday didn’t quite work out, but for the second straight day the market puts in an excellent day of consolidation. The past two days have certainly done enough to work off overbought conditions in the near-term. Volume inched higher on the NYSE and...
by Big Wave Trader | Sep 17, 2012
The market stages a very nice day of consolidation as volume dropped well below Friday’s level. For most of the day’s session stocks traded in negative territory as last week’s gains were being digested by the market. Nearing the close it appeared stocks were set to...
by Big Wave Trader | Sep 14, 2012
The Big Wave Trading portfolio remains under a BUY signal, generated on August 3rd, as the market continues to move higher on well above average volume. On Thursday, for the first time during this rally, we saw the indexes, ETFs, leveraged ETFs, inverse ETFs, and...
by Big Wave Trader | Sep 14, 2012
Yesterday’s Federal Reserve announcement of further quantitative easing via monthly purchases of Mortgage Back Securities (MBS) sent stocks higher on big volume. Perhaps those on the sidelines will be forced back into the market, but that remains to be seen....
by Big Wave Trader | Sep 11, 2012
Volume crept back into the market today as the market adjusts to tomorrow’s headlines. Germany’s court is set to rule on the legality of the European bailouts at 10am EST. Later in the day AAPL is set to unveil the iPhone 5. The stock continues to pull back in heavier...
by Big Wave Trader | Sep 10, 2012
Big cap technology stocks and financials struggle as the market gives back more than half of last Thursday’s breakout. The good news on the session was the fact volume was lower and institutions were not big sellers. INTC was an excsue for the broad market sell off as...
