by Big Wave Trader | Apr 21, 2017
After yesterday’s big market run it begs the question are we going to see another big market run? A big positive yesterday was IWM breaking back above its 50 day moving average. The ETF has been within a consolidation range for quite some time. It continues to...
by Big Wave Trader | Apr 20, 2017
Commentary is going to be short. Dealing with illness is never fun. We continue to see a market struggling to find its footing. Today’s session started off great. However, sellers took over. The Dow was weighed down by IBM after it reported its 20th consecutive...
by Big Wave Trader | Apr 19, 2017
Not a real surprise to see volume jump higher than Monday’s session. After all, Monday’s volume was the lightest all year. For much of the day stocks struggled to maintain any sort of buying momentum from Monday’s session. The Dow struggled with...
by Big Wave Trader | Apr 18, 2017
A nice on day bounce after a long weekend. Volume was the lightest of the year as traders were not too interested in jumping back into this market. We continue to see this market come back from the verge of utter collapse. By no means are we out of the woods, but...
by Big Wave Trader | Apr 13, 2017
Stocks once again faced sellers and produced a lackluster session as Trump hammers the dollar. Global tensions are on the rise as North Korea and Syria are in pundits’ focus. Price action is quite unstable here and even though we saw a bullish end-of-day yesterday we...
by Big Wave Trader | Apr 12, 2017
We finally saw a strong close from this market. Unfortunately, it was just after sellers had their way with the market earlier in the day. Volume jumped day over day as institutions picked up their efforts. This market did not look good mid-morning. The NASDAQ was...
