by Big Wave Trader | Aug 16, 2017
A quiet day on Tuesday with the Dow inching out gains while the S&P 500 and NASDAQ finish to the downside. Volume was mixed with NYSE volume jumping while NASDAQ volume fell on the session. Not a bad session by any stretch of the imagination given the big move on...
by Big Wave Trader | Aug 15, 2017
After last week’s tumble, the market aimed to stage a comeback on Monday. Volume was lower across the board as Summer and Monday trading hold true to form. The news cycle continued to focus on the appalling situation over the weekend and turned away from North Korea....
by Big Wave Trader | Aug 11, 2017
It was bound to happen as stocks made their way higher into new all-time high territory sellers would come in and hit stocks. We have seen this happen before in May and in June. This time, seasonality is on the side of sellers and with roughly two months left of weak...
by Big Wave Trader | Aug 10, 2017
Volume was mixed across the board as NYSE volume fell with NASDAQ volume rising on the session. The NASDAQ fell 56bps and given the higher volume is classified as a distribution day. We expect lackluster to weak action during the summer months and yesterday was a...
by Big Wave Trader | Aug 9, 2017
Tuesday was not the type of day you would expect after the mornings strength. Volume rose on the session as traders left as quickly as they entered the market Tuesday morning. The high turnover produced a bearish reversal for the first time in quite some time. AAPL...
by Big Wave Trader | Aug 8, 2017
Once again, the Dow sets another record high for the 9th straight day closing higher for the 10th day in a row. While gains are not tremendous we continue to see the index act well despite the negativity surrounding the market. The QQQs finished higher by 63bps...
