by Big Wave Trader | Jun 10, 2019
On Day 4 of the most recent attempt at a rally the NASDAQ confirms a new uptrend. Solid news for the market as the NASDAQ Composite gains 1.66% during Friday’s session. Volume just barely increased on the NASDAQ, but the combination of price and volume gave the day a...
by Big Wave Trader | Jun 7, 2019
Thursday’s session saw Industrials lead the way while volume dropped on both exchanges. We have seen volume drop in consecutive days indicating this may just be a dead cat bounce. This does not mean after the jobs report prior to Friday’s session we cannot see a...
by Big Wave Trader | Jun 6, 2019
Wednesday’s action saw stocks move higher as hopes of a Fed intervention by cutting rates spread across the stock market. Thursday’s session will be day 3 of an attempted rally. It would be nice to see the stocks consolidate a bit prior to heading into confirmation...
by Big Wave Trader | Jun 5, 2019
A solid day for the equity markets as stocks rebounded after Monday’s hefty losses. Volume was lower across the board as the NASDAQ 100 led the way followed closely by the Russell 2000. Day 1 of an attempted rally for this stock market. Would have loved to see volume...
by Big Wave Trader | Jun 4, 2019
New Anti-trust investigations into the countries largest tech companies have rattled the NASDAQ 100 and Composite indexes. Both are dominated by the largest technology companies in the US and it is no wonder both were hurt when AMZN, GOOGL, and AAPL fell during...
by Big Wave Trader | Jun 3, 2019
Early morning futures are indicating stocks will open in the red to begin the final month of the second quarter. We have had quite the little correction since peaking back in early May. SPY is sitting just on top of its 200-day moving average along with the QQQ. IWM...
