by Big Wave Trader | May 11, 2020
Big gains last week despite continued fears over the virus. Crude Oil pushed higher as states and other countries begin to open back up albeit slowly. It remains unseen what will happen as states begin to pen gradually. Many simply won’t open for some time, but others...
by Big Wave Trader | May 4, 2020
NASDAQ led the market higher Monday with volume coming in higher than Friday’s pace. TSLA was a big component behind the rise in the NASDAQ 100. Energy led the S&P 500 as oil climbed back above $20. We would not describe Monday’s session as a big day for the...
by Big Wave Trader | Apr 27, 2020
As we begin another week in Quarantine Crude Oil resumes its march lower. June Crude Oil is down more than 20% as the lockdown has no end in sight. Stock futures up near 1% to begin the week. A high-volume push higher is what this market needs. Whether we get it...
by Big Wave Trader | Apr 21, 2020
What a day for Crude Oil as the front month expired Monday prices closed at $-37.63 a barrel. Stocks followed suit closing lower in light trade. Small Cap and Nasdaq stocks faired the best, but still closed lower by more than a percentage point. Tuesday morning...
by Big Wave Trader | Apr 15, 2020
Volatility is the way of life in the market since COVID-19 hit. We will continue to see volatility as this market works out the new normal. Most are trying to guess what it will look like while we focus our attention to what really matters and that is price. Crude oil...
by Big Wave Trader | Apr 14, 2020
A mixed day on the street Monday, but with volume lagging Friday’s session indicates sellers lacked power. IWM dropped 2.71% on the day, but daily ATR dropped. Volatility is contracting across the board and it comes as no surprise as we move away from March’s decline....
