by Big Wave Trader | Apr 12, 2018
Volume was well off on Wednesday’s session as the Russell 2000 ended the session higher. We avoided distribution and that is a good sign for now. Any follow-through day followed by a distribution day ends the confirmed rally 99%% of the time. The positive here is we...
by Big Wave Trader | Apr 10, 2018
A roller coaster of a day for stocks as fears over trade gripped the market towards the latter half of the day. Topping off the selling was the reaction to Trumps Lawyers office raid. Volume was well off from Friday’s level; indication traders weren’t as active in the...
by Big Wave Trader | Apr 5, 2018
What a wild ride stocks had on Wednesday. Overnight futures were hit hard on the news China imposed their own tariffs on US goods. The tariff war between the US and China has sent some shockwaves through the markets, but in all likelihood there will be a deal struck....
by Big Wave Trader | Apr 3, 2018
Sellers opened the week with the upper hand sending stocks lower. Consumer Discretionary stocks were the worst performing S&P sector with the group down nearly 3%. Volume was tracking higher across the board as the market is searching for a floor. No sector was...
by Big Wave Trader | Mar 29, 2018
This market continues to be rocky and one lacking any sense of a direction. Standing on the sidelines is not a bad place to be until we get clarity from this market one way or another. For seasoned traders who are able to cut losses quickly and position sizing can...
by Big Wave Trader | Mar 27, 2018
What a fantastic way to kick off the week of trading. Solid gains across the board were a good sign for this market as we did not collapse through February lows. Volume was light, but par for the course for a Monday. It would have been nice to see volume flood into...
