by Big Wave Trader | Aug 25, 2015
After an impressive open the final hour of trading saw the NASDAQ lose more than 100 points and the Dow lose more than 500 points. The selling was relentless at the close and completely shut down the morning rally after the Chinese cut lending rates. We continue to...
by Big Wave Trader | Jun 29, 2015
Over the weekend news of Greeks queuing for ATMs certainly has caused market participants to think again when it comes to the Greek situation. Sellers took to the market selling stock as technology stocks led the declines. US treasuries are where many risk adverse...
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...
by Big Wave Trader | Jun 5, 2015
A tough day for stock market bulls as the market sold off as volume jumped. First quarter productivity fell more than expected falling 3.1%. Sellers had control of the market all day long. The distribution day ahead of the May jobs report is not at all that...
by Big Wave Trader | Mar 26, 2015
Economic data as a whole continues to disappoint, but what took center stage today was the heavy volume selling across the board. Kicking off the day was big merger news with Kraft and Heinz. CNBC was very happy to get Warren Buffett on the phone as Berkshire...
