by Big Wave Trader | Jun 9, 2015
Light volume Mondays are not an outlier event, but with the price declines Monday was not the way bulls wanted to start the week. QQQs saw higher volume than Friday, as the ETF tracking the NASDAQ 100 stocks closed below its 50 day moving average. SPY on the hand had...
by Big Wave Trader | Jun 7, 2015
The Big Wave Trading directional models remain under a mixed bag of signals with the COMPQ, RUT, and NDX under operational BUY modes, the SPX, DJIA, and NYSE under operational NEUTRAL modes, and the DJT under an operational SELL mode. Despite the mixed message of the...
by Big Wave Trader | Jun 5, 2015
A tough day for stock market bulls as the market sold off as volume jumped. First quarter productivity fell more than expected falling 3.1%. Sellers had control of the market all day long. The distribution day ahead of the May jobs report is not at all that...
by Big Wave Trader | Jun 4, 2015
Small cap stocks rose once again leading all indexes while bonds were hit hard by sellers. Bonds are certainly trading like the Federal Reserve is going to hike rates soon. Global yields also rose as the ECB president spoke earlier today. Russell 2000 was the leading...
by Big Wave Trader | Jun 2, 2015
Another day of early morning selling giving way to mid-morning buying only to see gains fade into the close. This market continues to grind itself sideways and continues to really punch through in either direction. Volume was lower on the NASDAQ, but higher on the...
by Big Wave Trader | Jun 1, 2015
A volatile day on Wall Street as early morning selling gave way to late morning buying. Sellers would not be outdone as they took control in the final hour of trading. Volume ended the day lower, but not surprising as today was a Monday and Friday was month end. We...
