by Big Wave Trader | Sep 17, 2019
A mixed day on Wall Street on Monday. Good to see Small Caps lead the market with gains, but with NYSE Volume higher the S&P 500 notched a distribution day. NASDAQ volume was lower on the session. Certainly, after the strikes on Saudi oil facilities the damage to...
by Big Wave Trader | Sep 16, 2019
Over the weekend a group of drones attacked an oil processing plant and the nearby oil field in Saudi Arabia. It is unclear who was responsible for the attack. When Oil Futures opened Sunday evening prices jumped nearly 20%. Crude Oil futures are nearly up 9% since...
by Big Wave Trader | Sep 13, 2019
The stock market is the ultimate price discovery platform. SPY, QQQ, and IWM have had a great week of gains. There are positive signs a trade deal with China is certainly helping ease fears of a recession. Bond yields have shot back up and the yield curve is not...
by Big Wave Trader | Sep 6, 2019
Ask and you shall receive. Bulls prayers were answered with the market jumping higher on big volume. QQQ and SPY leapt above their 50-day moving averages with support is a good sign this market can move higher. US and China are set to meet in October and this news...
by Big Wave Trader | Sep 5, 2019
Wednesday’s market action was certainly a positive for the market as the NASDAQ led all indexes higher. Once again, volume lagged and so did IWM. QQQ and SPY had great days apart from volume. Volume was lower across the board despite the solid price gains. We would...
