by Big Wave Trader | Jan 11, 2014
The overall stock market remains in a strong uptrend and despite all the top calling and underinvested traders/investors out there everything is firing on all cylinders. There may be a pocket or two of weakness out there but when every index is trending above the 50...
by Big Wave Trader | Jan 10, 2014 |
Tomorrow we’ll get a read on how well the job market did in the month of December. The media will have you believe it will be the most important job number in the history of man-kind. Of course until next month’s report. Today we did see quite a bit of selling just...
by Big Wave Trader | Jan 9, 2014
The morning got going with a solid report from ADP showing strong gains in private sector job growth. Futures did not react strongly in either direction, but from an economic stand point the more jobs we have the better off we are as a whole. It was clear from the...
by Big Wave Trader | Jan 7, 2014
Buyers came out from their New Year’s hangover to push stocks higher by the close of the session. Small Cap stocks who have been leading to the downside led the march higher today. The NASDAQ was runner-up while the S&P 500 lagged behind. Overall, the price...
by Big Wave Trader | Jan 6, 2014
For the third straight session stocks closed in the red and for the second day in three notch a day of distribution. Today’s distribution makes for 7 and should raise at least a yellow flag for the overall market in general. Aside from the distribution there were...
by Big Wave Trader | Jan 3, 2014
The market started with the New Year with selling for the first time since 2008. Last year we saw the market gap up more than 2% at the start of the day, but we weren’t able to repeat the same vigor. Volume jumped on the session as it normally does on the first day...
