by Big Wave Trader | Jun 3, 2019
Early morning futures are indicating stocks will open in the red to begin the final month of the second quarter. We have had quite the little correction since peaking back in early May. SPY is sitting just on top of its 200-day moving average along with the QQQ. IWM...
by Big Wave Trader | May 31, 2019
The stock market remains in a precarious position. While it is oversold, we are in a spot where anything can happen. Just because the market is oversold doesn’t mean it cannot get worse. At this point, with Trump adding new tariffs to Mexican goods the market is not...
by Big Wave Trader | May 29, 2019
Opening the week on a positive note during the early part of Tuesday’s session gave the impression we were off to the races. Sellers had a different idea erasing the morning gains and eventually lower prices. Futures are set to open much lower for Wednesday’s session...
by Big Wave Trader | May 23, 2019
Until there is some sort of definitive event, we are going to be in Trade War purgatory. There are a multitude of outcomes at this point, but it would be nice to get this thing resolved one way or another. Wednesday’s market saw stocks decline on declining volume...
by Big Wave Trader | May 21, 2019
Uncertainty over US and China’s Trade deal continues as the markets began the week lower. While volume was lower across the board sellers were able to keep the market suppressed. At this point in time there is a very real possibility we see this market see lower...
