by Big Wave Trader | Nov 2, 2017
Yesterday’s FOMC day was not what we would consider a normal FOMC day. Volatility simply did not come to fruition after the central bank released its statement. From the open stocks opened strong, but buyers simply couldn’t support the all-time highs. Volume on the...
by Big Wave Trader | Nov 1, 2017
Led by small caps the market moved higher once again. Volume was higher across the board in part due to end-of-the-month rebalancing. It had been lagging all day. At the close IWM was up 71bps off its high of the day, but solid gains nonetheless. NASDAQ continues to...
by Big Wave Trader | Oct 31, 2017
Stocks look to close out the month in positive territory after a good month of gains. The Dow closed Monday lower, but held its 10 day moving average. Volume was lower on both the NYSE and NASDAQ as the broader market closed lower. A gradual corporate tax cut plan was...
by Big Wave Trader | Oct 27, 2017
The real story was the moves large cap tech was making after posting earnings. It was the Dow who led the market higher today. Transportation stocks enjoyed a nice bump up nearly 1% as a group. Volatility dropped 4% as selling just never picked up any momentum. Volume...
by Big Wave Trader | Oct 25, 2017
A big thanks to MMM and CAT giving a huge boost to the Dow Jones Industrial Average. Volume was up across the board. Late day selling did blemish the day, but the market was able to at least hang onto gains. Biotechs were able to bounce well off their lows. Buyers...
