by Big Wave Trader | Jul 15, 2019
A good session Friday as the Dow Jones Industrial Average led major indexes followed but the Russell 2000. Volume ended the session lower on the NYSE and NASDAQ. We prefer to see volume increase day over day, but still good to see stocks rise. Earnings season will...
by Big Wave Trader | Jul 10, 2019
A light volume affair on Tuesday as traders await Powell’s testimony. While we have yet to hear news of a deal between China and the US the focus has been on a rate cut. Will the Fed cut rates at their next meeting or not. A trade deal with China would all but put to...
by Big Wave Trader | Jul 9, 2019
Monday’s session saw a day of distribution with volume higher on the NYSE and NASDAQ. Russell 2000 followed by the NASDAQ Composite led the market lower. Not the way you want to start the week with distribution but given last week’s holiday shortened week volume was...
by Big Wave Trader | Jul 8, 2019 |
An unexpected jump in June Non-Farm Payrolls while positive reduces the possibility of the Fed cutting interest rates at their next meeting. Friday’s market saw SPY and QQQ end the day on the negative side of things while IWM closed strong in the green. Early Monday...
by Big Wave Trader | Jul 3, 2019
SPY hit a new all-time high yesterday as QQQ knock on the door. IWM slipped yesterday, but overall the market continues to push higher. Volume was light and this is expected as we head into the 4th of July holiday. Earnings season is around the corner too, keep this...
