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Big Wave Trading Portfolio Update And Top Current Holdings

|Includes:AMWD, BBSI, CAMP, CHUY, CSU, EAC, FLT, GNMK, HEES, Himax Technologies, Inc. (HIMX), HTA, MNTX, PFBI, POWR, RVLT, SBGI, V, VCEL, VIPS, WAGE, WDC

The Big Wave Trading Portfolio is back under a full BUY signal across the board as all major market indexes are hitting new 52-week highs with the SP-500 hitting new all-time highs. The model was in a NEUTRAL pattern coming into the week but on 4/29 the Nasdaq and SP500 switched to a BUY mode with new highs in their respective indexes hit. Following the switch in those two markets, the Russell 2000 and DJIA switched to BUY on 5/3. Overall, it is clear skies in the general market and the distribution day count has been dropped on our end with the market in new 52-week high ground.

The good news is that volume was average to above average on the Nasdaq and Russell 2000 which gives us a decent confirmation on the price overall price action. While it would be lovely to see volume well above average on this rally to new highs, we are quite pleased to actually see average volume on the recent move higher.

Unfortunately, this surge in volume would have been much preferred in November when the rally started but getting average to above average volume is quite nice considering all the previous low volume rallies we have had to be a part of the past four years. The lower volume rallies would not be a terrible problem if it was not being preceded by heavier volume selloffs. This makes for quite an odd Accumulation/Distribution ratio/rating in regards to the overall indexes.

This is why we continue to stress paying attention to leading stocks and their volume only, ignoring the volume in the overall market, during this QE/ZIRP twilight zone market cycle. As long as stocks continue to breakout on volume out of sound consolidation patterns, we will continue to go long our signals as they are produced.

Have a wonderful and profitable upcoming week. Aloha from an overcast yet still very warm and cozy Maui.

Top Current Holdings - Percent Return - Date of Signal

HIMX long - 173% - 12/19/12
EAC long - 141% - 12/17/12
RVLT long - 120% - 3/26/13
CAMP long - 111% - 4/26/12
POWR long - 110% - 12/11/12
CSU long - 108% - 9/4/12
FLT long - 80% - 9/6/12
GNMK long - 72% - 11/16/12
ASTM short - 71% - 7/17/12
HEES long - 69% - 9/4/12
SBGI long - 49% - 3/22/13
WAGE long - 46% - 1/8/13
V long - 40% - 8/31/12
PFBI long - 32% - 11/19/12
CHUY long - 31% - 1/10/13
WDC long - 31% - 1/9/13
BBSI long - 30% - 2/13/13
MNTX long - 29% - 1/17/13
HTA long - 27% - 1/2/13
AMWD long - 25% - 2/1/13

VIPS long - 25% - 3/14/13

Disclosure: I am long HIMX, EAC, POWR, HEES, FLT, RVLT, CAMP, CSU, WAGE, V, CHUY, PFBI, ASTM, GNMK, SBGI, WDC, BBSI, MNTX, HTA, AMWD, VIPS.