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...
by Big Wave Trader | Jul 29, 2015
All eyes were on the Federal Reserve today as market’s awaited the central bank’s decision on interest rates. Stocks traded higher for much of the session and pushed higher just after the release of the fed decision. Volume was slightly disappointing as it finished...
by Big Wave Trader | Jul 29, 2015
A weak consumer sentiment did not sway buyers as the market saw beaten up transportation and energy stocks led the session. This market was due for a rally as we have been quite oversold and with stocks down 5 days in a row today’s session is not a surprise. Coupled...
by Big Wave Trader | Jul 28, 2015
More selling hit Wall Street as sellers continue to dominate the tape. Industrials, materials, and transportation stocks continue to remain weak as these sectors continue to signal weakness in the tangible economy. The NASDAQ led the major market indexes lower with...
by Big Wave Trader | Jul 26, 2015
Friday was not good. It has surprisingly only taken about 1 1/2 weeks but following Friday’s session it is clear the tone of this market has changed, is changing, and/or will be changing even further. Stocks sold off on Friday on above average and heavier volume...
