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...
by Big Wave Trader | Dec 4, 2015
The ECB and Janet Yellen could not sway buyers into the market as another distribution day hits the market ahead of the November jobs report. Selling did not intensify until the afternoon as volume jumped on the NYSE. The NASDAQ volume did not eclipse yesterday’s...
by Big Wave Trader | Dec 3, 2015
Janet Yellen’s rhetoric all but points to a rate hike in two weeks at the next Federal Reserve meeting. Today’s Beige Book revealed moderate growth in the economy and the Federal Reserve believes it has hit its employment mandate. Sellers took to the market once...
