by Big Wave Trader | Sep 28, 2017
The long-awaited release of the tax plan Trump has promised finally arrived on Wednesday prior to the market open. Futures were given a lift and after a morning hiccup stocks jumped higher led by the Russell 2000. Financials moved higher as rates continue to creep...
by Big Wave Trader | Sep 27, 2017
The Dow Jones Industrial Average fell for the 4th straight day, but the NASDAQ and S&P 500 snuck out gains. Russell 2000 rose again, but finished well off the highs of the session. Volume fell across the board and failed to keep up with Monday’s pace. The market...
by Big Wave Trader | Sep 26, 2017
Led by the FANG stocks the NASDAQ bore the brunt of the selling as the entire market fell on heavier volume. Volume was up 15% on the NYSE and the NASDAQ volume up nearly 25%. A huge spike over Friday’s levels. A late day rally helped take the sting out of the day’s...
by Big Wave Trader | Sep 22, 2017
A sneaky day of distribution for the S&P 500 as volume on the NYSE rose the day after the latest Federal Reserve Open Market Committee meeting. Leading decliners was the NASDAQ 100 as AAPL had its 4th down day in a row weighing on the NASDAQ 100 and NASDAQ...
by Big Wave Trader | Sep 21, 2017
The big story of the day was the Federal Reserve meeting. As expected the Fed will begin to wind down its balance sheet. Most likely at a snail’s pace, but will begin to wind it down. Transportation stocks got a boost as the group ended the day up 1.55%. S&P 500...
by Big Wave Trader | Sep 20, 2017
Tuesday’s session was confined to a tight trading range as volume on the NYSE inched higher and volume on the NASDAQ inched lower. All eye will be on the Federal Reserve statement at 2pm this afternoon. Small Cap stocks have battled back to their old highs, but the...
