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...
by Big Wave Trader | Mar 9, 2016
The overbought market finally hit a wall on Tuesday with stocks selling off across the board. Now, before anyone gets too bearish, it must be noted that volume was lower than the sessions before. While this is not a technical distribution day for the overall stock...
by Big Wave Trader | Mar 7, 2016
How much more squeezing can the shorts take? I do not know (nor does anyone else that does not move the market with their orders) the answer to that rhetorical question. However, it should be noted that short squeezes can last longer than the bears can stay solvent....
by Big Wave Trader | Mar 6, 2016
Stocks closed out another impressive week with small gains overall on Friday with volume coming in above average overall. This time, however, stocks did not close at their highs and instead had quite a decent little reversal off of their intraday highs with Gold,...
by Big Wave Trader | Mar 4, 2016
For the third straight day the market closed higher with gains. Volume jumped on the day in a good sign for this current market rally. Tomorrow’s job report will be somewhat important as it will give a clue to the Federal Reserve’s next move. The strong move off the...
