by Big Wave Trader | Dec 24, 2015
Another day and another positive day for stocks as the market is right back where it started when the Fed raised rates. Volume remains below average, but price certainly has improved after last Thursday’s and Friday’s action. All day long any dip was met with buyers,...
by Big Wave Trader | Dec 23, 2015
For the second straight day the market closed with gains. As stocks moved higher volume moved lower as traders and institutions are simply not interested in accumulating shares ahead of the Christmas holiday. Economic data was mixed with GDP coming in better than...
by Big Wave Trader | Dec 22, 2015
After last Thursday and Friday’s action there was a hope the market would rebound and rally into the end of the week. Volume was not too impressive, but coming off of Friday’s elevated levels due to quadruple witching. What really made today’s rally was the last 30...
by Big Wave Trader | Dec 20, 2015
Well that sure was fun wasn’t it? This past week was quite an adventure for the overall stock market and trader’s emotions as stocks broke above key moving average lines on Wednesday’s following the Fed’s rate hike in another ill-suited...
by Big Wave Trader | Dec 18, 2015
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by Big Wave Trader | Dec 18, 2015
The post Federal Reserve hangover was stronger than many expected as sellers were able to push stocks lower. Volume was lower on the session avoiding an all but deadly distribution day. We will need to see the market avoid a distribution day tomorrow as it would...
