by Big Wave Trader | Jan 28, 2016
Disappointing durable goods orders could not keep the market down as rising crude prices and FB pushed the market higher. First, FB reaction to earnings certainly boosted the market as the company destroyed expectations. Crude helped futures gallop higher after a...
by Big Wave Trader | Jan 27, 2016
A volatile session as early morning losses were erased after the European close only to be spoiled by the FOMC statement. All eyes were on the Fed with the statement release at 2pm EST would set the tone for the day. Volume was above average on the session and given...
by Big Wave Trader | Jan 26, 2016
Stocks advanced ahead of tomorrow’s conclusion of the most recent FOMC 2 day meeting. While most pundits and traders are not expecting any interest rate cuts it will be the language in the 2nd paragraph most will scrutinized. We are still without a follow-through type...
by Big Wave Trader | Jan 25, 2016
There was a ton of optimism heading into this week with the market potentially putting in a short-term bottom. We had plenty of traders make no bones about it on social media declaring they have picked a bottom. Unfortunately for them, sellers hit the market today...
by Big Wave Trader | Jan 24, 2016
Hello everyone. I hope you are enjoying your winter weekend and I hope everyone is staying warm on the East Coast. Getting to the overall market, stocks rallied hard on Friday with the market undergoing one of its classic V-shaped oversold bounces. Unfortunately for...
by Big Wave Trader | Jan 21, 2016
Just another day in paradise as stocks enjoyed another roller coaster session led by the Dow Jones Industrial average. Today was just another example of a lackluster market where even extreme oversold conditions cannot muster a solid session for the market. Even a...
