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...
by Big Wave Trader | Dec 11, 2015
Today’s market action failed to inspire any confidence in the overall market heading into Friday’s session. Volume fell across the board as many traders and institutions were simply not interested in plowing into stocks. Given the lack of support we are urging new...
by Big Wave Trader | Dec 9, 2015
Sellers returned to the market once again and this time NYSE volume notched a distribution day. The good news was the markets were able to lift off their lows. Crude traded below $37 a barrel before rebounding. A positive on the session was small caps finally were...
by Big Wave Trader | Dec 8, 2015
After Friday’s stellar gains after the November jobs report was released it appeared the market was ready to rocket higher. Last Wednesday and Thursday’s action was not ideal looking very suspect. We certainly preached some caution, but did not bail like many we saw...
by Big Wave Trader | Dec 6, 2015
Well that was a fun little mini-roller coaster ride the past week. Due to the market’s volatility this past week, our operational models switched from BUY back to NEUTRAL. 2014 and 2015 continue the theme of volatile choppy trading that is causing our models to...
