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...
by Big Wave Trader | Dec 15, 2015 |
Fed week kicked off with a positive day for stocks. Although it did not start out well as crude oil continued to sink bring stocks down with it. Buyers began to pile into crude oil sending the commodity from heavy losses to a 2% gain. Energy names led the reversal and...
by Big Wave Trader | Dec 13, 2015
One of the worst possible setups for the general market is when a market rallies back to its old highs, sets up for a breakout, and then fails. That pattern officially played itself out over the last two weeks, following Friday’s breakdown on above average...
