by Big Wave Trader | Oct 12, 2016
It did not take long for sellers to take over this market and push the major market averages lower. Volume soared too. Above average on the NASDAQ as healthcare related stocks took a large hit. We are still in a negative seasonality period for stocks. This action is...
by Big Wave Trader | Oct 11, 2016
A day removed from the 2nd Presidential Debate stocks move higher led by Energy and Information Technology stocks. Crude oil jumped to a 51 handle after the Russians reportedly will join an oil production pact. We have yet to see a real deal struck, but anything is...
by Big Wave Trader | Oct 9, 2016
I went into this past week with a neutral bias and I am leaving the most recent trading week with a neutral bias. I also stated that if this market did not breakout sooner than later in this sideways consolidation that the path of least resistance would turn down....
by Big Wave Trader | Oct 6, 2016
A late day slide clipped the day’s gains, but we were able to close higher on the session. Volume ended higher across the board today. Perhaps a good sign we are seeing accumulation? Banks continue to push higher while utilities and real estate stocks suffer. Interest...
by Big Wave Trader | Oct 5, 2016
Utilities have another terrible day dropping more than 2%. Telecom and Real Estate weren’t too far behind utilities. Bond yields jump again and now we are seeing interest rate sensitive sectors falling with anticipation of higher rates. Stocks fell on the session as...
by Big Wave Trader | Oct 3, 2016
Just what the doctor ordered for this market after Friday’s huge rally after fears over a DB collapse subsided. Volume was light on the session coming off the weekend. Lows of the day were set at 12:30 and we were able to find buyers through to the close. It was nice...
