by Big Wave Trader | Aug 29, 2017
After a relatively good day for the markets North Korea spoils with a missile launch. Futures quickly began to sell off as the missile proceeded to pass over parts of Japan. Seoul South Korea responded dropping bombs at the border, but this latest launch does have...
by Big Wave Trader | Aug 25, 2017
Thursday’s action was another relatively smooth day for the markets. Volume was higher, but losses were contained. Avoiding distribution here is key for the markets. Friday’s session traders will await comments from ECB President and if more QE is on its way in...
by Big Wave Trader | Aug 24, 2017
Not a bad session for the stock market on Wednesday as the entire market closed slightly lower in lower volume. It is important at this state to avoid distribution, but also consolidate above the 50-day moving average. IWM performed the best yesterday as it has not...
by Big Wave Trader | Aug 23, 2017
Living below the 50-day moving average did not last long for either the NASDAQ Composite or S&P 500 as buyers hopped back into the market. Volume was higher, but only be 1.7% on the NASDAQ and 1.33% on the NYSE. Solid price action, but we did not see a flood of...
by Big Wave Trader | Aug 22, 2017
Monday’s session witnessed lighter volume across the board. The Dow and S&P 500 could battle for gains after morning selling. VIX was slammed as the market traded higher and in a relatively tight trading band for the day. Fear is not something we are seeing from...
