by Big Wave Trader | Jul 19, 2019
At the start of Thursday’s session, it certainly appeared as if the Dow was going to head towards a 3-day losing streak. The market reversed course and end higher across the board with the Dow edging out a 3-point gain. NY Fed comments over a rate cut certainly helped...
by Big Wave Trader | Jul 17, 2019
While we are not going to issue an all-out sell signal, Tuesday’s distribution day should highlight the need to have an exit strategy in place. While the Russell 2000 as measured by IWM inched out gains the broader market did not and ultimately ended the day in...
by Big Wave Trader | Jul 16, 2019
Monday’s action saw the S&P 500 hit a new all-time high, but volume subside. At the very least we did not see the market roll over in heavy volume or a distribution day. The Russell 2000 had a weak session and continues to be a laggard amongst the NASDAQ and...
by Big Wave Trader | Jul 15, 2019
A good session Friday as the Dow Jones Industrial Average led major indexes followed but the Russell 2000. Volume ended the session lower on the NYSE and NASDAQ. We prefer to see volume increase day over day, but still good to see stocks rise. Earnings season will...
by Big Wave Trader | Jul 10, 2019
A light volume affair on Tuesday as traders await Powell’s testimony. While we have yet to hear news of a deal between China and the US the focus has been on a rate cut. Will the Fed cut rates at their next meeting or not. A trade deal with China would all but put to...
by Big Wave Trader | Jul 9, 2019
Monday’s session saw a day of distribution with volume higher on the NYSE and NASDAQ. Russell 2000 followed by the NASDAQ Composite led the market lower. Not the way you want to start the week with distribution but given last week’s holiday shortened week volume was...
