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...
by Big Wave Trader | Mar 14, 2016
Stocks staged a very strong rally on Friday with the Russell 2000 leading the way. Interestingly enough, volume was absent on this powerful move higher which suggest this is still just short-covering or algo driven accumulation. No matter what the cause behind the...
by Big Wave Trader | Mar 9, 2016
Crude Oil is once again a big story on the street after it rebounded despite another inventory build. NASDAQ led the market higher but did so in lighter trade. Fears over a credit event have certainly died down after crude oil has enjoyed ripping bears to shreds. All...
