by Big Wave Trader | Sep 15, 2015
A disappointing day for economic data as Retail Sales and Empire Manufacturing missed their targets. Empire Manufacturing fell well below expectations indicating a slowing at least in the manufacturing sector. Buyers would quickly step in despite a sluggish start and...
by Big Wave Trader | Jun 9, 2015
Light volume Mondays are not an outlier event, but with the price declines Monday was not the way bulls wanted to start the week. QQQs saw higher volume than Friday, as the ETF tracking the NASDAQ 100 stocks closed below its 50 day moving average. SPY on the hand had...
by Big Wave Trader | Jun 4, 2015
Small cap stocks rose once again leading all indexes while bonds were hit hard by sellers. Bonds are certainly trading like the Federal Reserve is going to hike rates soon. Global yields also rose as the ECB president spoke earlier today. Russell 2000 was the leading...
by Big Wave Trader | May 13, 2015
Kicking off the day the market was hit with weak retail sales for the month of April. Bond yields headed lower as many thought the Federal Reserve rate hike would be pushed back. The NASDAQ was the initial beneficiary of buying at the start of the session, but would...
by Big Wave Trader | May 11, 2015
It appeared as if we have begun summer trading with light volume and boring trading session. There were pockets of excitement, but overall it was relatively quiet trading session. Energy was a big draw on the market overall with Utilities sluggish as well. Crude...