by Big Wave Trader | Aug 27, 2014
A late afternoon selling hiccup just before the final hour was just about all the excitement for the day. Early morning selling kicked us off and it too found support, but with volume so low it really cannot be chalked up to institutions rushing in to support...
by Big Wave Trader | Aug 26, 2014 |
Small caps joined the party as the Russell 2000 index led all major indexes higher. It was a good sign to see the small capitalization stocks join the party. Durable goods blasted higher, but it was solely due to Boeing. Home prices stumbled with the Case-Shiller...
by Big Wave Trader | Aug 26, 2014
The S&P 500 failed to hang on to 2000, but it still closed in all-time highs. Over on the NASDAQ the index hit a 14 ½ year high. Volume on the NASDAQ was higher, but lower on the NYSE. IWM remains well below its all-time high and has a bit of work in order to...
by Big Wave Trader | Aug 24, 2014
It’s is vacation time on Wall Street as volume came in below average all week long. As is normally the case when volume is below average, stocks melted up with leading stocks (based on RS ratings) shining the brightest. The Nasdaq and Nasdaq 100 remain under a...
by Big Wave Trader | Aug 22, 2014
The market continues to inch higher into new high territory. Volume ended mixed on the session with the NYSE turnover higher while NASDAQ pulled in. It is hard to argue with a market hitting an all-time high on higher volume. Market pundits certainly can find...
by Big Wave Trader | Aug 21, 2014
The story of the session was the volatility following the release of the FOMC meeting minutes. For much of the session leading up to the release the market was relatively quiet. Immediately following the release the market initially moved lower only to find buyers...
