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...
by Big Wave Trader | Oct 31, 2014
The day after the FOMC announced the end of its third round of quantitative easing stocks advance. Early morning futures digested better than expected GDP reading. Futures did not get all that excited over the GDP figure as it appeared it was government spending...
by Big Wave Trader | Oct 30, 2014
As expected the Federal Reserve ended the current round, round three of quantitative easing. Volume ran hot throughout the session and picked up its pace after the Federal Reserve announcement. Post announcement the usual volatility dance the market does happened...
