by Big Wave Trader | Dec 14, 2013
It has been a pretty boring tape for the overall market, post-Thanksgiving. However, we did get one day of action this past week as the market sold off pretty hard on Wednesday on above average volume. The above average volume was logged on the indexes, ETFs, inverse...
by Big Wave Trader | Dec 13, 2013
A better than expected release of Advanced Retail Sales figures did very little keeping the market from heading lower for the third straight session. The Dow Jones Industrial Average lost another 103 points on the day as it set a new low for the Month of December. ...
by Big Wave Trader | Dec 11, 2013
Distribution strikes across the market today as prices fell more than 1% on the NASDAQ, S&P 500, and Russell 2000. Small cap stocks continue to take the brunt of the selling as noted yesterday’s commentary and today was no different. The Dow did lose triple...
by Big Wave Trader | Dec 10, 2013
Leading to the downside again was the Russell 2000 index closing lower by 90 basis points. Small cap stocks have been bearing the brunt of selling as of late. While NASDAQ volume was higher it did not trigger a distribution day as the loss wasn’t great enough. ...
by Big Wave Trader | Dec 9, 2013
A double dose of bond buying today from the Federal Reserve totaling roughly $5 billion wasn’t enough to keep stocks at their highs of the day. It appeared for much of the session sellers would have an upper hand in the battle all day long. Today’s double POMO was...
by Big Wave Trader | Dec 5, 2013
This morning we got another read on third quarter GDP and it was up more than expected. Jobless claims dipped below 300k once again, but the good news did not excite the market enough to push higher. All eyes appear to be glued to tomorrow’s non-farm payroll figures...
