by Big Wave Trader | May 15, 2016
This uptrend appears all but dead to me on my end. However, the final nail in the coffin has not yet been finalized and it is possible this market can right this ship at some point. Unfortunately, I do not believe in blowing smoke up someone’s you-know-what and it...
by Big Wave Trader | May 8, 2016
Stocks staged a pretty impressive rally overall on Friday with all of the indexes putting in a nice reversal off the early morning lows combined with a strong close. Unfortunately for the bulls, volume was mixed and leadership was weak with the majority of the gains...
by Big Wave Trader | May 1, 2016 |
As we head into the new week there are cracks that are starting to show in the armor of the stock market. Distribution days have been common as this rally has become a little extended and finally on Thursday the market decided to crack. The selling on that crack...
by Big Wave Trader | Apr 24, 2016
Outside of the Nasdaq and Nasdaq 100 stocks staged another overall impressive intraday session on Friday with the Russell 2000 and the DJ-20 leading the way higher. Volume was mixed on the session with volume higher on the Nasdaq but that should be of no surprise...
by Big Wave Trader | Apr 17, 2016
It was another solid constructive overall pullback despite the higher volume than the session before. The price action was tight, we did not close at the lows, and volume was not above average. All in all, the pullback was orderly and there was very little damage in...
by Big Wave Trader | Apr 11, 2016
Despite the intraday reversal off the highs on Friday, it was an overall good session as stocks still managed to finish higher across the board with the Russell 2000 leading the way. Volume was lower than the session before which helps dampen the disappointment of...
