by Big Wave Trader | Mar 14, 2017
Ahead of tomorrow’s FOMC meeting stocks were mostly quiet. Most, if not every trader believes the FOMC will raise their benchmark rate by another 25 basis points. The market seems quite content with the move as evidence by the lack of volatility and extreme fear. At...
by Big Wave Trader | Mar 14, 2017
We began the week with a light volume affair with most stocks holding up well. Complacency continues to hit all-time lows as many traders continue to see very little volatility ahead. Crude oil was lower again hanging around the lower half of its 48 handle. It is good...
by Joshua Hayes | Mar 12, 2017
Stock indexes staged another bullish intraday reversal on Friday with the Nasdaq and Russell 2000 leading the move to the upside. Unfortunately for the bulls, the market’s inability to rally at the start of the day following the bullish post-jobs gap up was more...
by Big Wave Trader | Mar 9, 2017
Led by a large decline in energy names the market had a tough session as only the NASDAQ could come away positive on the day. Small cap stocks continue to be a trouble spot for the entire market as investors continue to flee. Not a good day by any stretch of the...
by Big Wave Trader | Mar 8, 2017
It is hard to believe the last time the Dow Jones Industrial Average closed lower for 2 consecutive days was in January. Volume was higher across the board as the S&P 500 and NASDAQ marked a day of distribution. Volatility remains tame with the VIX still sporting...
by Big Wave Trader | Mar 7, 2017
Traders continue to bet the Federal Reserve will once again move rates by 25 basis points next week. Odds are nearing 100% for a rate hike at next week’s meeting. While stocks were lower on the session they finished well off their lows of the day. Only the last 15...
