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...
by Big Wave Trader | Oct 14, 2014
Economic data was on the lighter side today, but with $1 billion in POMO today the market looked to push higher. A slight hiccup in the first hour of trading gave way to steady buying into the lunch hour. Unfortunately, the highs were set at noon and the market...
by Big Wave Trader | Oct 13, 2014
We are now in a market where any bounce cannot be trusted until we can close with gains. Selling continued today as fears over Ebola continues to rise. The W.H.O. and C.D.C. have now contradicted each other over how Ebola is transmitted. Fear is certainly on the...
