by Big Wave Trader | Feb 23, 2016
Crude oil and stocks are bound together tightly as the two continue to move in tandem. How long this will last is anyone’s guess, but for now the high correlation continues. The commodity jumped nearly 7% on the day as hope over production cuts lasting...
by Big Wave Trader | Feb 21, 2016
Hello everyone. The overall stock market is under an official rally attempt following the Follow-Through Day session on February 17th. However, it must be noted that since 2008, 3 out of 4 FTD signals have been false in producing any significant gains in the...
by Big Wave Trader | Feb 17, 2016
Positive economic data helped the market push higher, but the headline of a production freeze helped push Crude Oil above the $30 mark. Volume was higher on the exchanges as today was a follow through day for the markets. While a day 3 follow-through days are rare...
by Big Wave Trader | Feb 17, 2016
First day back from a long weekend the market jump higher as global markets rebound. Volume was higher on the session as buyers were trying to scour the market for a good deal. Today was day 2 of our newest attempted rally. At least we have volume accompanying with...
by Big Wave Trader | Feb 14, 2016
Stocks staged a solid session on Friday, following Thursday’s rounded out reversal off the lows. The bad news for the bulls is that the rebound came on much lower volume across the board with the DJIA leading the market higher. The best reversals come with...
by Big Wave Trader | Feb 12, 2016
A regurgitated headline was a great excuse for traders to trip over themselves to drive stocks off their lows. Another OPEC headline of a production cut was an easy reason for stocks to rally. The headline came just as the S&P 500 touched 1812 a key technical...
