by Big Wave Trader | Dec 16, 2014
As crude continues to fall worries over high yield debt are not working their way into Russia. Overnight the Russian Central Bank raised rates to stem the flow away from the Russian markets. Futures were all over the place prior to the market open, but as the opened...
by Big Wave Trader | Dec 15, 2014
A short-lived rally in crude during the morning session helped boost stocks. However, a worse than expected NAHB Housing report appeared to be the catalyst for the selling across the board. Crude oil once again was lower pushing to a $55 handle. Pressure on high...
by Big Wave Trader | Dec 14, 2014
Friday was a very ugly session for our overall stock market averages with every index selling off on heavier volume than the session before. The distribution days are starting to add up and the lack of volume on the upside leading up to this distribution makes it look...
by Big Wave Trader | Dec 12, 2014
A sizeable rebound was in the works until the afternoon where sellers took over sending stocks to the lows of the session. Retail sales came in better than expected thanks to a surge in auto sales. The story of the session was once again the fall in crude oil...
by Big Wave Trader | Dec 11, 2014
Just after a tremendous rally the market returns to yesterday’s low in light trade. Crude oil continued its decline and while it is good news for consumers. On the flip side, producers of the commodity and highly levered are not in good shape. Fears are certainly...
by Big Wave Trader | Dec 10, 2014
Futures took a hit as Asian markets sold off in heavy volume. The Shanghai Composite led all decliners falling more than 5% on its highest volume ever. Hang Seng was down two percent. While not as extreme European markets were lower by 1-2% putting pressure on the...
