by Big Wave Trader | Aug 29, 2016
Friday was all about Janet Yellen and Jackson Hole. All week long it was all that traders talked about so it was good to finally see this day come and go. While we knew it would be a wild one I am 100% sure most traders thought it would be more dovish than what the...
by Big Wave Trader | Aug 26, 2016 |
Early morning futures were lower ahead of the 8:30 am EDT economic releases. Despite better than expected numbers from jobless claims and durable goods futures did not jump. July durable goods jumped 4.4% when economists expected a 3.4% increase. Jobless claims came...
by Big Wave Trader | Aug 25, 2016
Finally, we got a little bit of excitement as the market found sellers. A last minute kick save pushed stocks off their lows, but the damage was done. Volume kicked into another gear as sellers finally arrived. Up until today the S&P 500 was in tight trading range...
by Big Wave Trader | Aug 24, 2016
Another tight trading session as the NASDAQ composite another all-time high. Volume was mixed with NYSE volume coming in higher while NASDAQ volume peeled off yesterday’s level. The biggest knock on today’s market would be the closing well off the highs of the...
by Big Wave Trader | Aug 23, 2016
A mixed start to the second to last full week of summer. We are still trading in a relatively tight range despite a little nonsense intraday. Volume was light on the session. Crude oil fell more than 3%. Pundits blamed Iraqi oil supply hitting the market....
by Big Wave Trader | Aug 21, 2016
Following a nasty little early morning selloff, stocks were able to find support soon afterwards and climb steadily higher throughout the session to finish slightly lower on the day. Not too bad, considering how we were trading early in the morning. Volume was higher...
