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...
by Big Wave Trader | Dec 4, 2013
Stocks rallied off the morning lows only to take out the morning lows by early afternoon. The morning session the market looked great setting up an outside reversal day. Volume was running higher, but the rug was pulled out from underneath buyers until sellers were...
by Big Wave Trader | Dec 3, 2013
Economic data was on the light side today with only the ISM New York figure hitting the wires. European markets were lower in heavier trade putting pressure on futures and much of the morning session. Volume jumped above Monday’s level giving the S&P 500 another...
