by Big Wave Trader | Apr 18, 2016
Sunday’s news was the Doha meetings could not produce an agreement among oil producers to freeze production. Initially, Saudi Arabia’s stock market did not take the news well and this selling spread across the globe. By the time this morning rolled around here in the...
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 15, 2016
Not a surprise the market took a breather today despite a positive reaction after earnings by BAC. Volume was lower across the board. A good sign with the market mixed. Another few days of quiet, tight action would do wonders. We are still finding new longs and...
by Big Wave Trader | Apr 14, 2016
Another stellar day in this uptrend as JPM surprises the market with better than expected earnings. This uptrend has not been well-liked by market participants. The wall of worry has been quite high with fears regarding earnings as well as what low oil prices would do...
by Big Wave Trader | Apr 13, 2016
Struggling at the open stocks appeared to drift listlessly until a rumor about Saudi Arabia and Russia agreeing to a production freeze. This was all the market needed to push higher. Volume surged on the day as investors rushed into stocks. Crude ended the day up more...
by Big Wave Trader | Apr 12, 2016
Potential Longs UEPS REXX SXE CHK EGLE Potential Shorts MSRT