by Big Wave Trader | Jan 24, 2017
Not a great start to the week, but we continue our sideways march with the market waiting on a catalyst. The Russell 2000 has consolidated right to its 50-day moving average with the Dow not too far behind along with the S&P 500. It is amazing to see this market...
by Joshua Hayes | Jan 22, 2017
Stock indexes put in a solid session on Friday. Unfortunately, stock indexes were not able to build off of the momentum that the trading session started with. Instead, stock indexes sold off only to see a decent intraday double bottom turn into a small rally into the...
by Big Wave Trader | Jan 19, 2017
Following up yesterday’s performance stocks see volume subside and the Dow continuing to find buyers. The NASDAQ and S&P 500 were able to inch out gains, but it was not an overly impressive showing for the overall market. Energy slumped on falling crude prices....
by Big Wave Trader | Jan 18, 2017
Coming off the long week the market started the week on the wrong foot. Sellers dominated much of the day. Volume was up across the board as the NASDAQ notched a day of distribution. Perhaps the real tell of the market were financials as regionals and large banks...
by Big Wave Trader | Jan 13, 2017
What a wild ride in the markets today. While not as wild as September 2008, but given the context of this rally it was quite a ride. Early morning sellers went to work on the market pushing stocks to the session lows in no time. Slowly, but surely buyers began to push...
by Big Wave Trader | Jan 12, 2017
All things were moving nicely for the overall market heading into Trump’s speech this morning. However, his comments regarding drug prices sent the entire biotech industry lower. Drug prices have been ripe to get after by politicians and rightfully so. It is Trump’s...
