by Big Wave Trader | Aug 25, 2017
Thursday’s action was another relatively smooth day for the markets. Volume was higher, but losses were contained. Avoiding distribution here is key for the markets. Friday’s session traders will await comments from ECB President and if more QE is on its way in...
by Big Wave Trader | Aug 24, 2017
Not a bad session for the stock market on Wednesday as the entire market closed slightly lower in lower volume. It is important at this state to avoid distribution, but also consolidate above the 50-day moving average. IWM performed the best yesterday as it has not...
by Big Wave Trader | Aug 23, 2017
Living below the 50-day moving average did not last long for either the NASDAQ Composite or S&P 500 as buyers hopped back into the market. Volume was higher, but only be 1.7% on the NASDAQ and 1.33% on the NYSE. Solid price action, but we did not see a flood of...
by Big Wave Trader | Aug 22, 2017
Monday’s session witnessed lighter volume across the board. The Dow and S&P 500 could battle for gains after morning selling. VIX was slammed as the market traded higher and in a relatively tight trading band for the day. Fear is not something we are seeing from...
by Big Wave Trader | Aug 18, 2017
Thursday’s stock market action was quite telling with a high volume down day resulting in a day of distribution across the board. Losses were heavy across the board and now with 9 distribution day’s the NASDAQ appears weak enough to move back towards its 200-day...
by Big Wave Trader | Aug 17, 2017
Wednesday’s session was a bit lackluster with the market unable to hold majority of the day’s gains. Volume was up across the board, but given where we ended it isn’t inspiring this attempt at a rally will be fruitful. GOOGL and AMZN appear to be rolling over even as...
