by Big Wave Trader | Jun 21, 2016
Over the weekend new polls revealed “remain” had gained the upper hand in the Brexit saga. The market cheered the results and global markets cheered. As the market neared the noon hour buyers began to wane. Sellers took over and were able to push the NASDAQ well below...
by Big Wave Trader | Jun 20, 2016
Friday was a poor session overall with volume rising significantly from the session before due to quadruple witching. However, stock indexes managed to hold their Thursday lows and there was further follow through to the bounce in DB and CS which were both looking...
by Big Wave Trader | Jun 16, 2016
Selling continued this morning as bonds were racing higher. Volume was running hot, but after 5 straight days of selling the market ran out of sellers. Before the noon time hour, it appeared the market had set the lows for the session and would try to work higher. By...
by Big Wave Trader | Jun 16, 2016
Well, we found out the Fed is not going to raise rates any time soon. The number of Fed Presidents looking for a rate hike will diminish. Price action continues to remain weak and today was further proof this summer will more than likely be challenging. Volume was...
by Big Wave Trader | Jun 15, 2016
While the world awaits the Brexit vote our markets continue to act weak. We were able to finish off the lows, but this market is quite oversold and a bounce was not out of the question. A late afternoon rally helped take the sting out of the day’s losses....
by Big Wave Trader | Jun 14, 2016
Over the weekend Bitcoin surged and today the cryptocurrency eclipsed $700 as stocks fall during the session. Friday’s action was not ideal and was a signal weakness may be on the way. Today’s move was certainly not what bulls wanted to see. There is...
