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....
by Big Wave Trader | Aug 2, 2015 |
It was a mixed End-Of-The-Month session for the major averages as the Russell 2000 led the way higher while the NYSE and Nasdaq went nowhere and the DJIA, DJT, and SP500 threw up technical distribution days. While the major averages ended mixed, all of the indexes...
by Big Wave Trader | Jul 31, 2015
While GDP in the second quarter was positive it missed estimates. Sellers took to the market in the first half hour of trading, but it would quickly be overrun by buyers. Led by the NASDAQ 100 stocks pushed to their highs by the close. Volume on the NASDAQ exchange...
