by Big Wave Trader | Aug 21, 2012
Like last week’s Tuesday’s session the market staged a higher volume reversal. Last Tuesday the market staged a similar reversal, but was quickly erased within two days. Today’s move was a bit more sinister as volume was a bit higher than last Tuesday’s. In addition,...
by Big Wave Trader | Aug 20, 2012
Coming off another summer weekend volume ended the session lower. The major indexes closed flat despite selling off in the early morning. Small caps had a tougher time with the Russell 2000 closed lower by 41 basis points. A solid day of consolidation coming off a...
by Big Wave Trader | Aug 17, 2012
The Big Wave Trading model switched to a BUY signal on Thursday. This signal was generated thanks basically to the performance of earnings winners, the Relative Strength of the Russell 2000, and a volume surge on the Nasdaq. There was no confirmation with volume in...
by Big Wave Trader | Aug 16, 2012
Stocks break out on above average volume lead by the CSCO after hiking its dividend and an upbeat earnings report. A strong move by the NASDAQ with above average volume certainly a big sign of strength and a clue Institutions were behind the move. CSCO certainly had a...
by Big Wave Trader | Aug 15, 2012
Led by a solid rally from the Russell 2000, stocks found support more than once throughout the day. New home builder confidence was better than expected again as consumer prices were below expectations according to government figures. Unfortunately, the economic...
by Big Wave Trader | Aug 14, 2012
Just after noon, stocks took a dive, after rallying from the morning lows. The final hour of the trading session ushered in sellers pushing the major stock indexes to their final lows of the day. Only the last 5 minutes did we see buyers step up and save the market...
