by Big Wave Trader | May 23, 2016
Not whole lot to get excited about over today’s action. The good news is we stayed in a relatively tight trading range for the day. Volume was lower across the board as we continue to have a hangover from the weekend. We continue to see the average true range for this...
by Big Wave Trader | May 22, 2016
It wasn’t a great session on Friday but considering how the week was playing out it definitely was welcomed by the bulls. Stocks rallied early on in what was shaping up to be a very impressive Friday rally. However, selling took over around noon and stocks trended...
by Big Wave Trader | May 20, 2016
One day removed from the panic post Fed stocks could not find enough buyers to hang in positive territory. There were enough to elevate the stock market off their lows of the session. The lack of bulls and oversold conditions a bounce is certainly not out of the...
by Big Wave Trader | May 19, 2016
The Federal Reserve minutes show a more hawkish Fed than many saw at the committee’s last meeting. Earlier in the day the NYSE was having issues and therefore not publishing volume data. A few stocks were put on ice, but for the most part it was more a thorn on...
by Big Wave Trader | May 18, 2016
Monday’s gains were certainly a positive, but the mixed volume was a clue the gains may not hold. Today’s selling was fierce as volume jumped across the board. Led by the Russell 2000 and NASDAQ the entire market moved lower even as Crude Oil prices pushed higher....
by Big Wave Trader | May 17, 2016 |
A weak NY Federal Reserve Manufacturing number did not slow down traders moving this market higher today. Volume was mixed, but higher on the NASDAQ composite. Even with a less than ideal close the NASDAQ came away with a solid session. Crude oil pushed higher today...
