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...
by Big Wave Trader | May 4, 2016
The market giveth and the market taketh. Today’s selling certainly puts the NASDAQ in danger of entering into a new downtrend. Volume on the NASDAQ rose on the day while the NYSE fell against Monday’s inflated volume figures. VIX rose, but could not reach a 16 handle....
by Big Wave Trader | May 3, 2016
May kicked off with stocks pushing off morning lows to close near session highs. According to IBD’s website NYSE volume was flat, but NASDAQ volume slipped on the session. For the most part the day lacked any volume push until the end of the session. Given the...
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 28, 2016
Earnings led by AAPL were a real drag on the NASDAQ today as the Russell 2000 continues to lead this market higher. Volume was up on the session, but it does not come as a surprise. The key part of the FOMC statement was the fact June’s potential rate hike is now off...
by Big Wave Trader | Apr 27, 2016
One more day until we get another release of the latest FOMC policy statement. Small caps led the market today gaining more than 1% on the session. We cannot say the same for the other averages as the NASDAQ ended lower and the Dow and S&P 500 limping into the...
