by Big Wave Trader | Nov 6, 2014 |
Today was just another day and a new all-time high for the S&P 500. Volume on the exchanges ended lower across the board. An interesting tidbit was SPY volume was actually higher on the session. Today’s session certainly puts this market in extreme overbought...
by Big Wave Trader | Nov 5, 2014
Initially, the market liked the GOP victory last night as stocks jumped higher at the open. It was green across the board until sellers began to attack high beta names pushing the NASDAQ lower. It appears money managers are favoring “safe” stocks as...
by Big Wave Trader | Nov 5, 2014
Early morning strength was met with selling, but an afternoon rally stemmed the selling. Volume on the exchanges was mixed with NYSE volume higher and NASDAQ lower. While the S&P 500 was technically a day of distribution we are not going to put much weight...
by Big Wave Trader | Nov 4, 2014
While the S&P 500 hit another all-time high the index was unable to end the day with gains. The NASDAQ Composite would be the only index coming away with gains on the day. However, the story continues to be the dollar versus the yen. As the Japanese central...
by Big Wave Trader | Nov 2, 2014
October was certainly a month for the record books. Volatility isn’t at record highs, but it exploded in the month of October. As you can see in the following charts as measured by Average True Range (ATR) we haven’t seen this much volatility since the...
by Big Wave Trader | Nov 2, 2014
It has been a wild ride in the overall stock market during the past month as major market indexes sold off fast and rallied even faster in the most volatile ATR 4-week ATR range we have seen since 2008. In fact, if you go back to when the DJIA, Nasdaq, and SP500 each...
