by Big Wave Trader | Feb 5, 2015
The market was looking solid until the ECB headline on Greek debt. Biotech stocks were hit hard to start the day with disappointing earnings set the tone for the NASDAQ early on. The Dow Jones Industrial average erased early losses due to a boost from DIS after the...
by Big Wave Trader | Feb 4, 2015
Traders get another day of gains as crude oil jumps more than 7% on the session and the market is led by energy names. A sign of strength was certainly the volume expanding day-over-day as institutions were active in accumulating shares. We still remain in a...
by Big Wave Trader | Feb 3, 2015
A late day rally helped kick the month of February off with solid gains across the board. Led by energy the S&P 500 closed higher by 1.3%. The Dow Jones Industrial average followed up with a gain of 1.14%. Lagging the session was the NASDAQ and Russell 2000. ...
by Big Wave Trader | Feb 2, 2015 |
Well that got ugly fast. The past five days has seen my outlook on this market drastically change. The deterioration in the Big-Cap technology related stocks and the Big-Bank stocks is beyond concerning. These stocks have put in roll over tops, H&S tops, and...
by Big Wave Trader | Jan 30, 2015
Today’s session did not start off very well and at a few points looked as if the December lows would no longer hold up as support. As if by magic just after 11am buyers began to pick up momentum and eventually a powerful force. Volume slipped on the NASDAQ, but on...
by Big Wave Trader | Jan 29, 2015
The market received an early boost from AAPL and YHOO, but it would not last long. All eyes were on the Federal Reserve and its policy statement. Many were expecting the normal dovish Fed waiting on raising interest rates. However, the Federal Reserve turned...
