by Big Wave Trader | Aug 6, 2012
After coming off of an Economic news invasion last week the market gets a reprieve this week. Monday’s have been tough over the last 9 weeks closing in the red all 9 times. This Monday would be different closing in the green, but well off the highs of the session. The...
by Big Wave Trader | Aug 4, 2012
This week marked a moment our model has not seen during a running six month period of time (this occurred in only four months, making it even more interesting), during the past 130 years. With the weak BUY signal in the Nasdaq switching to a SELL signal in the Russell...
by Big Wave Trader | Aug 2, 2012
All eyes were on the ECB rate announcement and following press conference. Unfortunately for European stocks and yields the ECB did not deliver what the market expected. First, it was Ben Bernanke and the US Federal Reserve not announcing QE3 and now the ECB failing...
by Big Wave Trader | Aug 1, 2012
Leading up to the Federal Reserve rate annoucement was the big story was the software glitch hit by Knight Capital. Gigantic volume struck the NYSE causing very erratic trading in nearly 150 stocks. Just when confidence in the stock market is grim we get another flash...
by Big Wave Trader | Jul 31, 2012
The day kicked off with decent economic numbers as well as consumer confidence figures. The Chicago PMI was better than expected and after a bout of disappointing economic releases last month. This was a bit of good news albeit not great. However, stocks weren’t able...
by Big Wave Trader | Jul 30, 2012
For the 9th Monday in a row the market closes lower on very light volume. After Thursday and Friday’s trading sessions today’s pullback is a welcomed sign and a very bullish one. The Russell 2000 led the decline with the NASDAQ not far behind with losses of .56% and...
