by Big Wave Trader | Jul 12, 2012
Earnings season has not been kind to stocks and it kicked started the market to the downside. Europe’s markets were selling off as the EURUSD fell below 1.22. Selling was intense, but backed off as buyers stepped up. The NASDAQ sliced through its 50 day moving average...
by Big Wave Trader | Jul 11, 2012
The S&P 500 and the NASDAQ are barely hanging onto their respective 50 day moving average as the Federal Reserve meeting minutes fail to spark buyers or sellers from jumping in with both feet. Crude oil was the big story on the day with the commodity jumping more...
by Big Wave Trader | Jul 10, 2012
A big distribution day strikes the market, but the real story is how leading stocks fared in today’s session. While we can focus on INTC, AA, or CSCO the real story is how leading stocks acted today and what they are foreshadowing. Distribution days happen in uptrends...
by Big Wave Trader | Jul 9, 2012
Coming off a holiday week stocks ended slightly in the red with volume coming in higher across the board. The Dow Jones industrial average along with the NYSE composite both notched distribution days, but the NASDAQ and S&P 500 skirted distribution. AAPL was...
by Big Wave Trader | Jul 7, 2012
Big Wave Trading remains under a weak BUY signal (10%) generated on June 29th. The past week was a very inactive week for us with only a few long signals generated (all on Monday). We continue to be in a trendless intermediate market period. From February 3rd to July...
by Big Wave Trader | Jul 5, 2012
There was a whole host of news for the market to digest this morning from the ECB rate cut to the Chinese cutting its rates. The ECB did not increase the size of its bailout mechanisms despite the cry for more. We did get somewhat good news with the ADP report showing...
