by Big Wave Trader | Aug 25, 2015
After an impressive open the final hour of trading saw the NASDAQ lose more than 100 points and the Dow lose more than 500 points. The selling was relentless at the close and completely shut down the morning rally after the Chinese cut lending rates. We continue to...
by Big Wave Trader | Aug 24, 2015
Overnight the markets were rocked by Chinese markets as the Shanghai crashed more than 8%. Concerns over the Chinese economy and its ripple effects were the talking heads excuse for the selling. The Dow has been in a downtrend and the S&P 500 has been able to...
by Big Wave Trader | Aug 22, 2015
Stocks were absolutely gutted on Friday, following a nasty sell off on Thursday, on extremely large volume. The back-to-back sell offs look extremely similar to another period of time when we sold off hard on huge volume near recent all-time highs right before the...
by Big Wave Trader | Aug 21, 2015
Sellers continued their conquest today with pushing stocks below multi-month lows. Volume jumped 11% on the NYSE and more than 18% on the NASDAQ. We are certainly entering in a dangerous market where things can get out of hand real quick. The VIX was up more than 25%...
by Big Wave Trader | Aug 20, 2015
A wild ride for stocks today as indexes erased more than 1% in losses only to close lower on big volume. The VIX closed higher above its 50 day and 200 day moving average. At 2pm at the release of the latest FOMC meeting minutes it appeared stocks had set a bottom and...
by Big Wave Trader | Aug 19, 2015
Overnight we saw the Shanghai lose more than 6% on above average volume. Economic data fails to impress, but this is the norm. Selling was persistent throughout the session. The NASDAQ fell below its 50 day moving average in a sign this market is still in slop and...
