Follow Through Day Hits The Indexes On Day 10; Remember, No Bull Market Has Ever Started Without A FTD. But Not All FTD Leads To A New Bull Market
July 29, 2008 | 2 Comments
This is one of those terms (FTD) that throw people for a loop when they here it. Most think that it means it is automatically time to go into the markets buying stocks. However, a FTD has to be accompanied by a few things to be a real FTD for me. First the selloff must lead into the FTD on low volume. We did not have low volume on the pullback this year. Second when I see a FTD the first thing I look for is the explosion in volume. How much volume was in on the FTD? Today, it was around a 16% to 18% increase in the indexes and while that is close to what I look for it was no where near the 20% increase in volume that I like to see.
For a perfect example of what I am talking about go back to 2003 and take a look at that FTD. The volume was huge and the price gains were enormous following a lower volume selloff. We do not have that this time and the fact that medical stocks are still the only stocks leading has me still not convinced we have a real follow through day here. Even if we do there will be plenty of time to jump on the bandwaggon and make a lot of money. Just study my 2003 and 2000 winners before the top. They showed up well past the initial follow-through day and still made me and a few investors very wealthy. It will happen again. Trust me. So if this is for real we will have plenty of time to get involved. And as you subscribers know I will be in the stocks that will be moving the most during the next bullish phase of this market.
Low Volume Selloff Doesn’t Effect Big Wave Trading Members One Bit As We Know Cash Is King Here
July 28, 2008 | Leave a Comment
This market is starting to really show its true colors as the action is getting down right dreary. My long scans that I use to find stocks are returning fewer than they have since 2002. This is my clear indication that we are in for some rough times. Luckily, like always, we do have a few stocks moving up that are making us some money so it isn’t all that bad. What is bad is how bad the media talks about today’s times like it is the end of the world. Somehow deep down I feel that this will lead to a mother of buying opportunities. But not just yet.
It has been a rough market for those that think every dip must be bought as we are in a market enviornment where every dip should NOT be bought. Instead every low volume rally should be sold until some real leadership and real nice charts set up. I know they will come around again. Heck you can see stocks like QLGC setting up nicely which proves there are still stocks out there that want to set up and run despite what the overall market is doing. The problem is making money in stocks like that. It is a tough time for investors of any type right now.
I am so proud of my platinum and gold subscribers right now because it is clear that they have listened to me and have gone to cash. By going to cash you protect your capital from the death that could be caused by being long a stock like MTL which Putin’s power grab has once again reeked havoc on a once shining enterprise. The fact that market action like this is the norm right now should have everyone scared to invest there money.
PREMIUM ANALYSIS FOR NON-SUBSCRIBERS FROM BIGWAVETRADING.COM
June 21, 2008 | 3 Comments
Along with what everyone reads here every night/morning, I also post premium analysis and my longs/shorts/sells on my .com site for a fee. Most subscribers I have talked to recently have been extremely happy the past week, despite the market throwing investors for a major loop.
One email I recently received I think sums it up best and if I don’t promote myself I don’t know who will. The truth is that this market might get real ugly and some of you that only read the free analysis might be in for some major pain. After that pain is inflicted you might then miss the next great bull market that will FOR SURE make every subscriber to this site rich. If you do not believe me I would like for you to study my ‘PAST BIG WINNERS’ from 1999 and 2003. There is more than enough to go around for everyone.
Anyways, here is a recent email I received TODAY:
PUBLIC APOLOGY FOR BEING LATE TO SUBSCRIBERS
May 27, 2008 | 1 Comment
FOR ALL THOSE SUBSCRIBING TO MY SERVICE BE AWARE I HAD AN EXTREME ATTACK OF HEAT (APPARENTLY A SYMPTOM OF MULTIPLE SCLEROSIS) TODAY. I COULD NOT DO ANYTHING ABOUT IT. NOW THAT IT IS NIGHT TIME, IT APPEARS TO HAVE GONE AWAY AND I WILL!!!!!! FINISH EVERYTHING BEFORE THE OPENING BELL, EVEN IF IT KILLS ME. I AM ALREADY ALMOST DONE SCANNING FOR NEW POSITIONS AND WILL!!!! HAVE EVERYTHING UPDATED BEFORE 7AM EST. I COULD NOT STOP WHAT HAPPENED TO ME TODAY AND ONCE AGAIN THE DOCTORS HERE HAVE NEVER HAD THAT CASE HAPPEN. SO WHAT CAN I DO? KEEP FIGHTING, I GUESS.
I APOLOGIZE FOR BEING LATE BUT I WILL HAVE THE FORUMS, NEW LONGS, NEW SHORTS, AND SMALL COMMENTARY UP TO DATE.
I ALSO POSTED A COLUMN ON SEEKING ALPHA REGARDING A STOCK I HAVE AN EYE ON.
BWT.net Re-opens Comments
April 28, 2008 | 5 Comments
Hey everyone,
The decision has been made to reopen commenting here at BWT.net. We don’t want to let a few bad apples spoil it for the whole lot. We’re going to be heavily moderating comment’s so don’t even bother sending along any negative crap. If you disagree with something Joshua says you can 1st go look at the past big winners and see all the gains he made that you missed out on, and 2nd go start your own blog and build a following of people who want to lose money listening to someone who doesn’t know 1/2 as much about the market as Joshua Hayes. I look forward to seeing everyone’s good questions and positive comments.
You can’t be living the island lifestyle and have time to be surrounded by negative people.
Jan and Feb Archives Released at BWT.com
April 18, 2008 | Leave a Comment
Hey everyone,
Just wanted to let everyone know that I have released the longs and shorts archives at BigWaveTrading.com for February and January so if you are considering signing up for a package go check them out and see the consistent quality you get on the BigWaveTrading Premium site.
Check it out and sign up today,
DeMerchant
BWT.com Eliminates Email and Bronze Packages
March 18, 2008 | 2 Comments
Hey Everyone,
I wanted to let everyone know that the Admin team has decided to eliminate the email and bronze packages. This decision was made to deliver the best possible experience to our members, and allow us to offer the daily market analysis by Joshua for FREE. We feel that the entire internet should be able to see the value in the services BWT provide, so we feel this is a step to give back. Tell your friends that now they can get much of the great information Joshua provides for FREE.
Thanks,
Justin
BWT Launches BWT.net
March 12, 2008 | Leave a Comment
The admin team from BigWaveTrading.com is pleased to announce the launch of BigWaveTrading.net where Joshua Hayes and Market Speculator will be posting regular commentary on the market. Check in regularly to say updated on the market, post comments and get involved, subscribe to the RSS feed to get updates (http://www.bigwavetrading.net/feed/), and share your thoughts.
We love to hear from you. If you’d like to share feel free you thoughts on the site via the “Contact” forum at the top of the BigWaveTrading.com or BigWaveTrading.net pages.
Can’t wait to see you at http://www.bigwavetrading.net,
Your BWT Admin Team
Platinum Package Price to Rise at BWT.com
February 20, 2008 | Leave a Comment
Aloha,
Big Wave Trading will be raising the price of our Platinum service. Active member will not see the price increase unless you cancel your membership and rejoin.
Price Change Details:
Effective: March 1, 2008
Yearly: $1,250.00 USD
Monthly: $125.00 USD
Weekly platinum package pricing will remain the same for the time being. The daily platinum package will be eliminated and replaced with a gold daily package. If you have any questions please do not hesitate to contact Market Speculator or Justin DeMerchant.
Josh Hayes on RealMoney.com
February 1, 2008 | Leave a Comment
Aloha!
Big Wave Trading’s own Joshua Hayes will be a columnist on TheStreet.com’s Real Money!
Joshua’s first article will run on Monday!!! Be sure to check it out on RealMoney.com
Mahalo and enjoy your weekend.
Market Speculator
PS Big Wave Traders enjoyed their best week this past week! What a way to start off the New Year.
