by Big Wave Trader | May 7, 2019
What a way to kick off the week with the Dow opening down more than 400 points. Fears over a trade deal falling through on a Trump tweet sent the algos scrambling selling futures Sunday night. What a truly amazing time to be alive with a simple tweet causing algos to...
by Big Wave Trader | May 1, 2019
Tuesday was a big time distribution day for the NASDAQ despite the index closing above its mid-point of the session. Thanks to GOOGL the index closed down 81 basis points as volume swelled over Monday’s level. The Dow and S&P 500 were able to sneak out gains and...
by Big Wave Trader | Apr 25, 2019
After Tuesday’s solid session traders followed up the day with a quieter day with volume coming in lower across the board. Not a bad way to follow up big gains, but it was also nice to see Small Cap stocks inch out gains while the NASDAQ and S&P 500 took a...
by Big Wave Trader | Apr 23, 2019
We continue to see Small Cap Stocks lag the broader market as the NASDAQ and S&P 500 continue to push higher. Small Caps are typically seen as a risk-on trade. Traders and investors alike are not flooding to the group as we would like to see for a bull market....
by Big Wave Trader | Apr 18, 2019
Thursday’s price action wouldn’t be too bad hadn’t we gapped up at the open and sold off the remainder of the day. Small Cap stocks led the decline and closed below its 200 day moving average. Not what you want to see from the index as it continues to lag the broader...
by Big Wave Trader | Apr 16, 2019
Monday’s trading session was quiet as many Monday’s tend to be. Financials were the worst performing sector in the S&P 500. Bank earnings have come in a bit better than expected, but a flat yield curve is not inspiring a lot of confidence in the group. On the...
