From the Trading Desk

Small Caps and Dow Lag the NASDAQ 100

Not a terrible way to kick off the week, but with Small Caps lagging it could have been better. Stocks did stumble out of the gates as sellers were piling on the morning weakness. It was nice way to see the market gain support at the days lows. Volume was mixed as NASDAQ exchange saw volume lower with NYSE exchange volume higher on the session. A little strange seeing volume higher on a Monday, but this is summer trading. Bitcoin had a tough day as did most crypto currencies. Keep an eye on the group as it appears selling is just getting going. Stocks still appear to be on consolidation mode and with earnings around the corner anything is possible. Be prepared and execute relentlessly.

Due to travel commentary is short. Keep your losses small and ride your winners!

Take a Free Trial with Big Wave Trading

Speak Your Mind