by Big Wave Trader | Oct 16, 2012
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...
by Big Wave Trader | Oct 15, 2012
The market finally bounces from oversold conditions as volume ends mixed. Volume rose on the NYSE and NASDAQ exchanges, but SPY and QQQ volume remained light. Retail sales jumped more than expected helping set the tone early on. Sellers got the upper hand on the...
by Big Wave Trader | Oct 13, 2012
The Big Wave Trading Portfolio is currently under a NEUTRAL condition. The model switched from BUY to NEUTRAL on Tuesday due to the Nasdaq closing below the 50 day moving average on average volume. Our model expected this switch to occur after Apple (AAPL) closed...
by Big Wave Trader | Oct 11, 2012
A much better jobless claims figure helped set the early tone of the market. Unfortunately, it would not last as sellers continued their relentless pursuit. It certainly didn’t help that reports of the jobless claim figure being falsified by a large state not...
by Big Wave Trader | Oct 10, 2012
Once again sellers ruled the day as fears over earnings continue to grab ahold of the market. The morning part of the session wasn’t all that bad, but sellers unloaded on the market pushing stocks to their lows where they would remain. The market did close near the...
