by Big Wave Trader | Aug 15, 2019
An ugly day for stock market bulls on Wednesday as sellers hammer stocks lower. Fears over everything at this point are driving stocks lower. Tuesday’s follow-through day was shoved aside quickly all but ending this most recent rally. Failure will be complete if...
by Big Wave Trader | Aug 14, 2019
A solid turnaround after news hit tariffs were being delayed. Hopes of a US-China trade deal help lift stocks. Volume was up across the board as institutions rushed back into the market. The NASDAQ led the market higher gaining nearly 2% confirming a new market rally....
by Big Wave Trader | Aug 2, 2019
The day did not begin that badly for the stock market given the way Wednesday ended. A rebound was in place. Trump decided to tact on new tariffs on Chinese goods. What we saw from the market really wasn’t a big surprise. A China trade deal has been a thorn in the...
by Big Wave Trader | Jul 17, 2019
While we are not going to issue an all-out sell signal, Tuesday’s distribution day should highlight the need to have an exit strategy in place. While the Russell 2000 as measured by IWM inched out gains the broader market did not and ultimately ended the day in...
by Big Wave Trader | Jun 15, 2015 |
A fear over a Greek default continues to dominate headlines, but today’s action was not as bad as it could have been. Technically speaking today was a distribution day with volume rising on heavy price declines. However, given the move off the lows of the session it...
