by Big Wave Trader | Mar 22, 2016
After last week’s market today’s session was relatively quiet. Volume was well below average, but this story continues. The current trend is still prevailing and no matter how over bought this may seem we are not going to bail until our exit signals are hit. We are...
by Big Wave Trader | Mar 20, 2016
Stocks staged another impressive rally on Friday with major market averages rallying across the board led by the Russell 2000 and the DJ Transportation Average. Volume was significantly higher thanks to options expiration but no matter what the reason for the higher...
by Big Wave Trader | Mar 18, 2016
Insane or not this rally wants to keep plowing forward. Lead by the Dow Jones Industrial average this uptrend continues to defy the odds. Lagging on the session was the NASDAQ 100 and Composite indexes as the QQQs struggle with its 200 day moving average. Volume was...
by Big Wave Trader | Mar 17, 2016
The market was quite tepid ahead of the FOMC statement release. Volume was running light ahead of the announcement, but typical ahead of any FOMC release. Immediately after the release stocks jumped higher, pulled back only to return back to new highs and set a new...
by Big Wave Trader | Mar 16, 2016
The release of retail sales disappointed with big negative revisions for the prior month. Despite the negative release stocks were able to hold up relatively well. Homebuilder confidence came in just a tad under expectations, but in line with last month. Not the...
by Big Wave Trader | Mar 15, 2016
Today’s volume was non-existent as many index ETFs saw their lightest volume of the year! This entire rally has been built on light volume, but we know over the past few years light volume really has not mattered to the market. Crude oil settled lower as the move from...
