by Big Wave Trader | Aug 20, 2015
A wild ride for stocks today as indexes erased more than 1% in losses only to close lower on big volume. The VIX closed higher above its 50 day and 200 day moving average. At 2pm at the release of the latest FOMC meeting minutes it appeared stocks had set a bottom and...
by Big Wave Trader | Aug 19, 2015
Overnight we saw the Shanghai lose more than 6% on above average volume. Economic data fails to impress, but this is the norm. Selling was persistent throughout the session. The NASDAQ fell below its 50 day moving average in a sign this market is still in slop and...
by Big Wave Trader | Aug 18, 2015
A terrible reading from the Empire Manufacturing survey sent stock futures lower. Early morning weakness would give way to buyers as a slow “melt up” would lift the NASDAQ Composite and S&P 500 back above their respective 50 day moving averages. Volume...
by Big Wave Trader | Aug 16, 2015 |
Another week of summer trading came to a close on Friday with stocks managing to rally on paper thin volume in slow listless trading. This little rally closed out a week where stocks were able to bounce but unfortunately bounce with no conviction, fear, or volume....
by Big Wave Trader | Aug 13, 2015
All appeared well until the final hour of trading. Retail sales kicked off the morning with month-over-month figures coming in-line expectations. Crude oil continues to sink to multi-year lows and there is no end in sight. This market simply could not follow-up...
by Big Wave Trader | Aug 12, 2015
A wild day on Wall Street as the stock market takes a roller coaster ride finishing in the green. Volume jumped day-over-day as selling volume was gigantic early this morning. AAPL kick started the rally with its losses being reversed by lunch time. Others followed...
