by Big Wave Trader | Dec 29, 2016
Heavy volume selling hits the market as the current uptrend is now beginning to look shaky. Some selling is not out of the question nor are days like today. Days like today only increase the odds we may see selling continue further. Volatility ticked higher today, but...
by Big Wave Trader | Dec 28, 2016
Coming off the long holiday weekend the market got off to a great start. However, by the end of the session we were well off the highs of the session. The Dow and S&P 500 continue to work off overbought conditions as both continue to remain poised to push higher....
by Joshua Hayes | Dec 27, 2016
Let’s take a quick holiday weekend peak at some of our current winning long positions. Why not review any losing positions? Because we have them and when we do we stop out or cut our losses immediately. There is not any wishing or holding on to losing positions....
by Big Wave Trader | Dec 22, 2016
Distribution hit the market today as the major market indexes finally close below their respective 10 day moving averages. Higher volume across the board indicated many were looking adjust portfolios heading into the weekend. Distribution does happen and we expect it...
by Big Wave Trader | Dec 22, 2016
The Dow had its tightest range in recent memory as the 20,000 mark continues to elude the Dow. Overall, the market had a decent day with volume dropping on the session. There are 6 trading days left in year and we certainly do not expect this rally to end prior to the...
by Big Wave Trader | Dec 20, 2016
For the second straight day this week the market is able to find enough buyers pushing this market higher. The Dow Jones Industrial Average marked its 17th record close since the election as Financials lead the market higher. Led by Banks, specifically Regional Banks...
