COMMENTARY
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under a SELL signal on the Nasdaq, SP 500, Russell 2000, and Dow Jones Industrial Average. We have trend following signals working on some ETFs and leveraged ETFs in the stock and option market and will be looking to add to these...
For the Second Consecutive Day the Market Closes in the Red
Another day of selling hits the markets, but at least we did not see the high volume Wednesday ushered in. The NASDAQ dove below its 200 day moving average yesterday and the S&P 500 joined the club today. While both indexes appear to be in free fall mode the VIX index...
Stocks Fall Hard as Obama Wins White House and Fiscal Cliff Worries Grow
Last night’s election finally gave clarity to the political landscape for the next few years. Obama winning the White House does not come as a surprise if you believed polling data. Polling data aside, the divide between the House of Representatives and Senate has...
Noon Time Rally is Faded as Stocks Close off The Best Levels of the Session
The market along with the rest of the world awaits the outcome of today’s Presidential Election. Mid-Day stocks enjoyed a nice pop with volume exploding higher, but it would be all for nothing. Friday’s highs would be a big point of resistance for the market and...
NASDAQ Leads Market higher in Light Trade Ahead of Elections
Tomorrow’s Presidential and Local elections have been the dominating headline for much of the day as US Voters are set to usher in new and old leaders. The market on Friday sold the jobs report as the majority of the market closed just off the worse levels of the...
Outside Reversal for the QQQs Looks Negative, but Does it Spell “DOOM?”
Friday's action was quite bearish for the market, or was it? It is not a good thing to see the market gap higher then fall flat on its face. We'll take a look at the QQQs to see what happens when the ETF stages an outside reversal day. Friday's Chart: Crunching the...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under a SELL signal on the SP500, Nasdaq, Russell 2000, and DJIA. The NYSE switched to BUY signal yesterday and subsequently re-switched to a NEUTRAL signal by the close of today's trading. Two words can sum up this week of...
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...
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