by Big Wave Trader | Nov 25, 2012
The Big Wave Trading Portfolio switched from a successful SELL signal back to a NEUTRAL signal the past week as the DJIA, SP500, and Russell 2000 retook their 200 day moving averages. The Nasdaq remains below its respective 200 day moving average but that is due to...
by Big Wave Trader | Nov 23, 2012
Optimism over bureaucrats coming together and compromising on deals certainly has had Investors smiling as of late. The most recent move from last Friday’s has been quite dramatic. Last week when US lawmakers came forth to speak of a deal on the Fiscal Cliff was...
by Big Wave Trader | Nov 20, 2012
Continued positive data from the housing market helped boost the market in the early going. However, the focus would quickly turn to Ben Bernanke’s speech at 12:15. Prior to his speech this headline appeared: BN 12:15 *BERNANKE SAYS FISCAL CLIFF WOULD POSE...
by Big Wave Trader | Nov 19, 2012
Better than expected housing expectations and existing home sales helped boost the market’s rally off of Friday’s reversal. Volume on the day was lower and below average, but we have expected that with the Thanksgiving Holiday. AAPL was the star of the session rising...
by Big Wave Trader | Nov 16, 2012
The Big Wave Trading Portfolio remains under a SELL signal on all indexes. However, we do take note of the positive price action and strong volume (even though it was options expiration related) on the indexes and more importantly on the oversold beloved-stock named...
