by Big Wave Trader | Oct 2, 2016
I came into the trading week with a neutral bias and I am leaving the trading week with a neutral bias but with a little bit more hope that stocks might want to press higher in the short term. It looked like it was going to be an ugly week following Monday’s...
by Big Wave Trader | Sep 30, 2016
Forget the Federal Reserve trying to raise rates as fears of a DB failure sends stocks lower. DB has a very large derivative exposure and like we saw in 2008 it does not take much to push risk over an edge. Systematic failure was something Central Banks across the...
by Big Wave Trader | Sep 28, 2016
What a day for the market as we built upon Tuesday’s gains. We had a lot of help from energy names with crude oil jumping to a $47 handle a forte an OPEC deal on a production freeze was announced. There is still more work to be down from the S&P 500 and Dow,...
by Big Wave Trader | Sep 28, 2016
Futures took a roller coaster ride overnight as Dow futures jumped 100 points just after the conclusion of the first presidential race. However, by the open futures had erased its gains and we opened in negative territory. Sellers really never found any traction and...
by Big Wave Trader | Sep 27, 2016
A light volume affair today as traders position themselves ahead of the first presidential debate. We find this quite silly, but given the action since the Federal Reserve on Wednesday you should already be positioned accordingly. Crude oil rose on the session closing...
by Big Wave Trader | Sep 25, 2016
Stocks closed out a very bullish week with semi-moderate losses on Friday. The DJIA and RUT led the way to the downside but volume was lower across the board which means that institutional investors were not dumping stocks following the move into new high ground on...
