by Big Wave Trader | Nov 4, 2016
We simply cannot find any buyers willing to step in and support this market. Volume was lower across the board, but price destruction continues and there does not appear to be anything stopping it. Clearly the election has many on the defensive. The only time we see...
by Big Wave Trader | Nov 3, 2016
Sellers continue to dominate this market. We cleared the first hurdle the Federal Reserve and the market did not respond to the central bank holding rates steady. Next up will be the jobs report on Friday and then the election next Tuesday. Volume fell on the NYSE and...
by Big Wave Trader | Nov 2, 2016
Volume jumped as selling continues into November. Heavy volume selling was the story of the day and by early afternoon it looked like we were going into freefall. Small cap stocks were once again the biggest loser. We are now in a spot where an oversold bounce is...
by Big Wave Trader | Nov 1, 2016
Not a great month for stocks as the election looms along with earnings and the Fed. Early morning futures showed we would see gains at the open. However, sellers were ready to spoil a rally to close out the month of October. Volume fell across the board and while it...
by Big Wave Trader | Oct 30, 2016
Before I get into the overall market and my portfolio I first want to say that there is some good news and that there is some bad news. Let’s get the bad news out of the way first. Stocks continued to sell off on Friday and while volume was lower than...
by Big Wave Trader | Oct 28, 2016
More selling hit the NASDAQ while the Dow hangs on. Volume jumped across the board as sellers piled on as earnings season is beginning to sour. After-hours today AMZN and GOOGL reported their most recent quarterly earnings. AMZN was down nearly 6% in after-hours...
