by Big Wave Trader | May 13, 2016
This market continues its wicked ways as morning selling gave way to afternoon support. Volume was higher on the NASDAQ yet fell on the NYSE. Sellers appeared to run out of steam mid-way through the trading session and bulls were waiting to push stocks higher. The Dow...
by Big Wave Trader | May 11, 2016 |
The NASDAQ was rejected at its 50 day moving average today as volume jumped from Tuesday’s level. However, it was small caps and the Dow leading the general market lower. Retail (XRT) was a big loser as retailing was down 1.9%, but it was Consumer Durables and Apparel...
by Big Wave Trader | May 9, 2016
A lackluster day of trading for the markets today. Volume was once again lower across the board. Typical for a Monday. Biotechs kept the NASDAQ in the green while the Dow struggled all day long. Crude fell on the session moving back down to a $43 handle. The financial...
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 5, 2016
My scans are looking bleaker and bleaker by the day. This is quite a rapid, but unsurprising, deterioration from the April highs. This is the third day in a row that my scans failed to produce anything that is remotely actionable. There are still stocks forming decent...
by Big Wave Trader | May 5, 2016
One thing continues to remain clear and it is the lack of interest traders have in supporting the NASDAQ. The index closed below Friday’s low and while volume for the composite index was lower price says it all. After Monday’s rally stocks have stumbled...
