by Big Wave Trader | Dec 16, 2015
For the first time since the financial crisis the fed funds rate is not at zero. Zero interest rate policy (ZIRP) is now over and we are crawling back into a more normalized world. The day did not look all that great heading into the fed announcement. While we did gap...
by Big Wave Trader | Dec 16, 2015
The build up to the first potential rate hike since the financial crisis in 2008 has almost reach its climax. Tomorrow we will get the answer to many traders’ question: will the Fed raise the discount rate? Today’s action started off with a very bullish tint, but...
by Big Wave Trader | Dec 15, 2015 |
Fed week kicked off with a positive day for stocks. Although it did not start out well as crude oil continued to sink bring stocks down with it. Buyers began to pile into crude oil sending the commodity from heavy losses to a 2% gain. Energy names led the reversal and...
by Big Wave Trader | Dec 13, 2015
One of the worst possible setups for the general market is when a market rallies back to its old highs, sets up for a breakout, and then fails. That pattern officially played itself out over the last two weeks, following Friday’s breakdown on above average...
by Big Wave Trader | Dec 11, 2015
Today’s market action failed to inspire any confidence in the overall market heading into Friday’s session. Volume fell across the board as many traders and institutions were simply not interested in plowing into stocks. Given the lack of support we are urging new...
by Big Wave Trader | Dec 9, 2015
Sellers returned to the market once again and this time NYSE volume notched a distribution day. The good news was the markets were able to lift off their lows. Crude traded below $37 a barrel before rebounding. A positive on the session was small caps finally were...
