by Big Wave Trader | Aug 23, 2012
Jobless claims and New Home sales disappointed setting a negative tone for the entire trading day. Federal Reserve President Bullard did not confirm a new quantitative easing program, but gold and silver still jumped higher. The two precious metals are certainly...
by Big Wave Trader | Aug 22, 2012
All eyes were on the FOMC meeting minutes today! Our attention was on the price action, but market pundits were looking for the FOMC to hint at further stimulus from the central bank. Bill Gross tweeted shortly after the release of the minutes there is now an 80%...
by Big Wave Trader | Aug 21, 2012
Like last week’s Tuesday’s session the market staged a higher volume reversal. Last Tuesday the market staged a similar reversal, but was quickly erased within two days. Today’s move was a bit more sinister as volume was a bit higher than last Tuesday’s. In addition,...
by Big Wave Trader | Aug 20, 2012
Coming off another summer weekend volume ended the session lower. The major indexes closed flat despite selling off in the early morning. Small caps had a tougher time with the Russell 2000 closed lower by 41 basis points. A solid day of consolidation coming off a...
by Big Wave Trader | Aug 17, 2012
The Big Wave Trading model switched to a BUY signal on Thursday. This signal was generated thanks basically to the performance of earnings winners, the Relative Strength of the Russell 2000, and a volume surge on the Nasdaq. There was no confirmation with volume in...
