by Big Wave Trader | Dec 23, 2015
For the second straight day the market closed with gains. As stocks moved higher volume moved lower as traders and institutions are simply not interested in accumulating shares ahead of the Christmas holiday. Economic data was mixed with GDP coming in better than...
by Big Wave Trader | Dec 22, 2015
After last Thursday and Friday’s action there was a hope the market would rebound and rally into the end of the week. Volume was not too impressive, but coming off of Friday’s elevated levels due to quadruple witching. What really made today’s rally was the last 30...
by Big Wave Trader | Dec 20, 2015
Well that sure was fun wasn’t it? This past week was quite an adventure for the overall stock market and trader’s emotions as stocks broke above key moving average lines on Wednesday’s following the Fed’s rate hike in another ill-suited...
by Big Wave Trader | Dec 18, 2015
The post Federal Reserve hangover was stronger than many expected as sellers were able to push stocks lower. Volume was lower on the session avoiding an all but deadly distribution day. We will need to see the market avoid a distribution day tomorrow as it would...
by Big Wave Trader | Dec 16, 2015
For the first time since the financial crisis the fed funds rate is not at zero. Zero interest rate policy (ZIRP) is now over and we are crawling back into a more normalized world. The day did not look all that great heading into the fed announcement. While we did gap...
by Big Wave Trader | Dec 16, 2015
The build up to the first potential rate hike since the financial crisis in 2008 has almost reach its climax. Tomorrow we will get the answer to many traders’ question: will the Fed raise the discount rate? Today’s action started off with a very bullish tint, but...
