by Big Wave Trader | Aug 10, 2015 |
Overnight there were dismal economic data out of China, but like magic hopes of stimulus from the most populated country helped send its markets higher. Like a trickle-down effect world markets followed suit. US futures were certainly higher reacting to world markets....
by Big Wave Trader | Aug 9, 2015
Major market averages sold off on Friday on lower volume across the board. Along with the lower volume, major market averages staged a decent rally off the intraday lows, mitigating the damages from the intraday session. However, for those that want to see the market...
by Big Wave Trader | Aug 6, 2015
A late afternoon rally lifted stocks into the close, but the selling throughout the day took a toll on the market ahead of Friday’s job report. The NASDAQ lead all major market averages lower as volume rose on the session. Another negative sign was the index moving...
by Big Wave Trader | Aug 6, 2015
A weakier than expected ADP report pushed futures higher prior to the open. Weak data is perceived as a positive as the Federal Reserve is data dependent. Any possibility the Fed pushes out hiking rates will be seen as a positive. DIS shares were lower as the company...
by Big Wave Trader | Aug 5, 2015
This market is a story of the have and have nots. Certainly today was a great day for NFLX as it broke out to a new all-time high. The other half is AAPL as it continues to struggle trading under its 200 day moving average. We continue to see this market struggle to...
by Big Wave Trader | Aug 4, 2015
A barrage of economic data cross the wires this morning helping push futures higher at the open. Seasonality continues to prop up economic data, but the market simply has either moved past or continues to ignore lackluster data. Today’s market saw its ups and downs....
