by Big Wave Trader | Oct 16, 2015
Just when this market looks week it reversed today on strong volume. Economic data was again less than desirable with the exception of jobless claims. Inflation is non-existent and Empire Manufacturing was once again weak and weaker than expected. Bank earnings were...
by Big Wave Trader | Oct 15, 2015
Economic data continues to disappoint as retail sales slumped. The slump could solely be blamed on falling gasoline prices. Bank earnings were mixed with BAC beating expectations while JPM missed. Volume jumped on both exchanges as JPM and WMT provided a lot of...
by Big Wave Trader | Oct 14, 2015
The market’s win streak comes to an end as volume ticks higher. Today’s session was a distribution day, but it was not all that bad. For now, only the NASDAQ and Russell 2000 have been rejected at their respective 50 day moving averages. S&P 500 still...
by Big Wave Trader | Oct 13, 2015
A light day on the street as Columbus Day had many off the job and enjoying a long weekend. Volume was off about 20% across the board. Light volume on Monday’s is no real surprise as many Monday’s have been light. The VIX has come back to earth in a hurry and is...
by Big Wave Trader | Oct 11, 2015 |
It’s has been an impressive past 8-9 sessions for the overall stock market as stocks continued their non-stop ascent to the September highs with the DJIA convincing leading the way. The rally has been steady with a few quality names building out consolidation...
by Big Wave Trader | Oct 9, 2015
Biotech continues its woes as small caps lead the way once again. Utilities and Transportation stocks enjoyed stellar days too. VIX dropped further as investors expect future volatility to drop. Although today’s reversal was strong and it was a day where the Fed...
