by Big Wave Trader | Oct 23, 2014
All was going well for the markets until afternoon selling soured the entire rally. Yesterday’s big volume and big price move confirmed a new market rally. The unfortunate news today was immediately following a confirmation day was a near distribution day....
by Big Wave Trader | Oct 22, 2014
On the back of AAPL’s earnings the stock market confirmed a new market rally with an explosion to the upside. While confirming a new rally is always exciting this was done very quickly and well away from lows. The shape of this rally is not one we like to see to...
by Big Wave Trader | Oct 21, 2014
Early morning disappointing earnings news from IBM kicked off the week by sending US futures lower. European indexes were lower following the weekend adding to the weakness in US futures. Since the last Federal Reserve meeting stocks have been unable to hold many...
by Big Wave Trader | Oct 18, 2014 |
Day three of a rally attempt is under the belt and now we are on the look out for a Follow-Through Day. Friday was not a FTD based on two conditions: lower volume than the session before and a weak overall intraday session following the gap higher. True FTD are strong...
by Big Wave Trader | Oct 17, 2014
Once again early morning futures indicated a rough opening for US equity markets. Fears concerning Europe and Ebola certainly played a role in the early morning futures’ prices. Just like yesterday we saw buying from the onset. Buyers were eager to accumulate...
by Big Wave Trader | Oct 16, 2014
Early morning trading saw a selling frenzy as soon as the market opened. Disappointing economic news from retail sales did not help things. Just as fast as the market dropped buyers swooped in and pushed the market to the highs of the session. Once again the market...
