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...
by Big Wave Trader | Oct 6, 2015
The Dow climbed higher due to DD as the company is going to split in two. Biotech once again was hit hard as sellers continue to pound the group. At one point today at the lows the NASDAQ was down more than 1% on the session. By the close, the NASDAQ was able to climb...
by Big Wave Trader | Oct 5, 2015
After a dismal jobs report Friday the market was able to confirm a new uptrend and we continued the gains today. Volume did not jump like it did on Friday, but was decent for a Monday. Biotech stocks continued to get hammered as fears over drug prices and the upcoming...
