by Big Wave Trader | Dec 13, 2012
Just the headline of a meeting between Boehner and Obama helped push the market off the lows. There is desperation for a deal for the fiscal cliff. The market for the second straight day rolled over from the morning highs. Despite doubling down on QE infinity stocks...
by Big Wave Trader | Dec 12, 2012
The long awaited final Federal Reserve meeting of 2012 initial was celebrated, but the cheering did not last into the close. If quantitative easing parts one, two, and three weren’t enough the Federal Reserve announced a new round of asset purchases. More importantly...
by Big Wave Trader | Dec 11, 2012
The S&P 500 and Russell 2000 found very little resistance at last week’s high as the NASDAQ backed away from its high of last week. Volume was strong, but the market could not find enough buyers to clinch a true follow-through day. We continue to operate without...
by Big Wave Trader | Dec 10, 2012
The only excitement of the day occurred just before the eleven o’clock hour with the market pushing to break out from last week’s high. Volume was running below average, but price action appeared to be strong. However, just prior to the breakout we saw sellers step up...
by Big Wave Trader | Dec 7, 2012
It was a very uncorrelated market the past week with the Nasdaq falling 1%, the DJIA rising 1%, and the Russell 2000 coming in flat. Overall, nothing has changed in our model and we remain under an overall NEUTRAL condition. Despite being under a current NEUTRAL...
