by Big Wave Trader | Aug 18, 2015
A terrible reading from the Empire Manufacturing survey sent stock futures lower. Early morning weakness would give way to buyers as a slow “melt up” would lift the NASDAQ Composite and S&P 500 back above their respective 50 day moving averages. Volume...
by Big Wave Trader | Aug 16, 2015 |
Another week of summer trading came to a close on Friday with stocks managing to rally on paper thin volume in slow listless trading. This little rally closed out a week where stocks were able to bounce but unfortunately bounce with no conviction, fear, or volume....
by Big Wave Trader | Aug 13, 2015
All appeared well until the final hour of trading. Retail sales kicked off the morning with month-over-month figures coming in-line expectations. Crude oil continues to sink to multi-year lows and there is no end in sight. This market simply could not follow-up...
by Big Wave Trader | Aug 12, 2015
A wild day on Wall Street as the stock market takes a roller coaster ride finishing in the green. Volume jumped day-over-day as selling volume was gigantic early this morning. AAPL kick started the rally with its losses being reversed by lunch time. Others followed...
by Big Wave Trader | Aug 12, 2015
Futures are getting hit once again after yesterday’s sell-off. Tread carefully. Here is what we are watching intraday: 3 Week Tight: ROST ANET MASI JKHY ECPG VASC HEOP Potential Longs: TTI FORD TUBE DNRG Potential Shorts: AQXP AREN NUGN See you in the chat...
by Big Wave Trader | Aug 12, 2015
Monday’s rally was fueled by speculation the Chinese government was ready and willing to do another round of stimulus to boost its economy. What we got was the Chinese government was another county entering the current currency wars. Devaluing the Yuan was a...
