by Big Wave Trader | May 18, 2016
Monday’s gains were certainly a positive, but the mixed volume was a clue the gains may not hold. Today’s selling was fierce as volume jumped across the board. Led by the Russell 2000 and NASDAQ the entire market moved lower even as Crude Oil prices pushed higher....
by Big Wave Trader | May 17, 2016 |
A weak NY Federal Reserve Manufacturing number did not slow down traders moving this market higher today. Volume was mixed, but higher on the NASDAQ composite. Even with a less than ideal close the NASDAQ came away with a solid session. Crude oil pushed higher today...
by Big Wave Trader | May 15, 2016
This uptrend appears all but dead to me on my end. However, the final nail in the coffin has not yet been finalized and it is possible this market can right this ship at some point. Unfortunately, I do not believe in blowing smoke up someone’s you-know-what and it...
by Big Wave Trader | May 13, 2016
This market continues its wicked ways as morning selling gave way to afternoon support. Volume was higher on the NASDAQ yet fell on the NYSE. Sellers appeared to run out of steam mid-way through the trading session and bulls were waiting to push stocks higher. The Dow...
by Big Wave Trader | May 11, 2016 |
The NASDAQ was rejected at its 50 day moving average today as volume jumped from Tuesday’s level. However, it was small caps and the Dow leading the general market lower. Retail (XRT) was a big loser as retailing was down 1.9%, but it was Consumer Durables and Apparel...
by Big Wave Trader | May 9, 2016
A lackluster day of trading for the markets today. Volume was once again lower across the board. Typical for a Monday. Biotechs kept the NASDAQ in the green while the Dow struggled all day long. Crude fell on the session moving back down to a $43 handle. The financial...
