by Big Wave Trader | Jun 28, 2017
It was not a pleasant day in the market. Led by the decline in the NASDAQ the market suffered a day of distribution. The NASDAQ 100 simply could not hold up against the onslaught of selling. We are increasing our hedges and raised cash with stops firing off. If we are...
by Big Wave Trader | Jun 27, 2017
The day started off well with prices higher across the board. However, NASDAQ 100 ran into selling weighing on the NASDAQ and entire market. Volume was lower during the session. It never had a chance to challenge Friday’s juiced (Russell Rebalance) level. One thing we...
by Big Wave Trader | Jun 23, 2017
Aside from yesterday’s terrible close for the stock market in general the Russell family of indexes are about to undergo their yearly rebalance. Every year in June the Russell Rebalance is a large event for money managers who benchmark their portfolios against any of...
by Big Wave Trader | Jun 22, 2017
Crude oil fell once again as the pain continues for those who are long the commodity. Energy names weighed on the Dow, but the index did not lead the market lower. That honor went to the Russell 2000 has traders once again fled small cap stocks. Friday at the close...
by Big Wave Trader | Jun 21, 2017
After posting decent gains on Monday the market followed up with selling on Tuesday. Volume was high enough on the NASDAQ notching its 5th day of distribution over recent weeks. Given distribution is piling up on the NASDAQ it does give some pause to whether the...
by Big Wave Trader | Jun 20, 2017
Coming off quadruple witching Friday stocks followed up with solid gains with the NASDAQ 100 leading the rebound. It is no surprise the NASDAQ 100 names bounce back as they have borne the brunt of the selling as of late. Financials performed well with the likes of...
