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...
by Big Wave Trader | Dec 2, 2015
Disappointing economic data would not derail the market from pushing higher. Led by the S&P 500’s 1.07% gain the market enjoyed gains across the board. Lagging behind the major indexes were small cap stocks as they continue to lag well behind the major market...
by Big Wave Trader | Nov 30, 2015
We hope everyone had a nice Thanksgiving. November closed out with selling after disappointing economic news hit newswires this morning. Most notably, the Chicago PMI fell to 48.7 (contraction) with expectations of the index at 54.0. Volume was up across the board as...
by Big Wave Trader | Nov 29, 2015
Aloha everyone. I hope you all had a wonderful Thanksgiving holiday weekend. As we head into the new week, the overall market appears to be on some solid footing, with all the major market indexes trending higher off their October lows. Our market models remain mixed...
by Big Wave Trader | Nov 23, 2015
Welcome to a holiday shortened week with a half day on Friday capping the week. The market was met with disappointing economic data as all releases missed their expectations. Buyers pushed the market higher, but were unable to sustain the higher prices. Volume was...
