by Big Wave Trader | Jul 27, 2020
After more than 18 weeks since low stocks stall for the past two. We are in an interesting market given the retail crowd’s bearish stance and the professional crowd as bullish (as measured by NAAIM). Regardless of what others think of this market the past two weeks we...
by Big Wave Trader | Jul 13, 2020
Led by the QQQs the market gains evaporate For those who were around for the morning session saw stocks push higher. This morning’s gap higher did not come as a surprise. We have seen this same story with majority of the market gains since the COVID-19 lows. Were you...
by Big Wave Trader | Jul 6, 2020
S&P 500 Nearing Golden Cross Another positive week for the stock market despite light volume trading. Leading into the long holiday weekend stocks continued to push higher. Believe it or not and despite more and more COVID cases this market continues to push...
by Big Wave Trader | Jun 29, 2020
Given the world is still in a pandemic this market is trying to find its way. Friday’s decline was noteworthy and showing two large distribution days should give traders pause on the current state of the market. The NASDAQ has 3 days of notable distribution in the...
by Big Wave Trader | Jun 22, 2020
Futures are set to open higher this week for the second straight week. We still have a pandemic to deal with but with the Federal Reserve and Federal Government willing to step in at a moment’s notice this market has brushed aside any downside risks associated with...
by Big Wave Trader | Jun 18, 2020
NASDAQ Continues Dominance. After last week’s hiccup the market has stiff-armed selling pressure for now. The retail crowd retreated as the new AAII survey numbers show, but the we continue to see buyers step up to the plate and support stocks. No matter how idiotic...
