COMMENTARY
NASDAQ Jumps off its 200 Day Moving Average in Increased Trade
Day three of the NASDAQ’s most recent attempted rally ended on a solid note with the index gaining 1.44% on increased trade. Big Wave Trading’s model has moved into neutral territory as we did see the market make solid gains. Traders in QQQs and SPYs didn’t...
Markets Resume Trading after Sandy Ripped Through the East Coast
Two days of trading were lost due to the storm, but the aftermath for many remains a daunting task. We at Big Wave Trading hope those who were affected by Sandy return to a sense of normalcy soon. The Russell 2000 led all market gains today, but was the lone bright...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading portfolio remains under a SELL signal that was triggered on 10/19/12. It was another down week for the overall stock market and it was another above average weekly volume sell off for the Nasdaq composite. This now brings the total of above...
Stocks Close off the Highs but in the Green as AAPL and AMZN report Earnings
Another day and another rally attempt failing to hold the morning gains as stocks close just off the lows of the session. Oversold conditions can produce multi-day rallies, but today ahead of AAPL and AMZN the market was unable to hang onto gains. Jobless claims and...
The Fedral Reserve Rate Announcement Fails to Lift Stocks
There wasn’t much anticipated from the Federal Reserve today, but there was hope something may hit the wires impressing the market. New Home sales were slightly better than expected reaching a new high. However, nothing impressed the market at all and was unable to...
Dow and S&P 500 Lead Stocks Lower as NASDAQ Finds 200 Day Support
More selling hits the street despite yesterday’s end of day rally. The 200 day provided the NASDAQ with some support, but the index failed to put in a big turn around day. Earnings continue to pour in and are only helping a few stocks. FB reported after-hours and is...
Big Wave Trading Portfolio Update And Top Current Holdings
THE COLUMN BELOW WAS A PREMIUM MEMBERSHIP COLUMN PUBLISHED ON FRIDAY FOR BIG WAVE TRADING MEMBERS. ANALYSIS SPECIFIC TO TRADING POSITIONS HAS BEEN REMOVED. Happy anniversary of the October 19, 1987 crash everyone!! Well, well, well. It sure was an interesting day to...
GOOG Disaster Sends NASDAQ Lower as Technology Stocks Continue to Stumble
Earnings continue to send technology stocks lower and GOOG was not any different. To begin the day jobless claims were much worse than expected. The biggest story of the day was GOOG’s release of its earnings well ahead of the close. More than 3 billion shares traded...
S&P 500 Adds to Gains as Volume Rises Across The Board
IBM weighed heavily on the Dow Jones Industrial Average today helping keep the index in negative territory while the S&P 500 and NASDAQ close in the green. Volume on the exchanges was heavier across the board thanks to earnings trading from INTC and IBM. Both stocks...
NASDAQ Closes Positive for the Second Straight Day as Big Tech Disappoints in After-Hours Trading
Back-to-back Accumulation Days has the Big Wave Trading model switch back to BUY mode. The NASDAQ still remains below the 50 day moving average, but the S&P 500 continues to act strong on the back of bank earnings. Technology earnings are now in focus and during the...
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