by Big Wave Trader | Mar 24, 2017
The noise of the day was whether Trump’s healthcare law had enough votes to pass. Stocks did not like hearing there were not enough votes and closed lower. Volume was lower too. Real Estate was the biggest winner of the day as the sector was up more than 70bps. Energy...
by Big Wave Trader | Mar 23, 2017
If it were not for Large Cap technology stocks this day would have turned out differently. Lead by MSFT, AMZN, AAPL, and GOOGL the NASDAQ 100 led all major market averages. The Dow was unable to eclipse the breakeven mark, but finished off its lows. Volume was lower...
by Big Wave Trader | Mar 22, 2017
Today’s session began with gains and it appeared there was nothing that was going to stop this market from heading higher. Sellers had a different plan, immediately hitting the market sending the market lower. While we did see relief at some points in the day, sellers...
by Big Wave Trader | Mar 21, 2017
We continue to see tight consolidation across the board as the market continues to digest the gains we have seen in January and February. February was a huge month for the market as a whole and we have needed the market to cool in order to sustain these gains. This...
by Big Wave Trader | Mar 17, 2017
At the start, it appeared as if we were going to follow-through on the post Fed gains. We simply did not have the fire power to continue to push higher. Volume was lower on the session, but given the turnover on Wednesday it would have been difficult to eclipse. Today...
by Big Wave Trader | Mar 16, 2017
As expected the Federal Reserve hiked rates another 25 basis points at their latest open market committee. Bonds rallied sending yields lower. It is not often you see Bonds and Stocks move in tandem. Volume was higher across the board as traders rushed into the...
