by Big Wave Trader | Oct 18, 2016 |
A light volume affair across the exchanges today. This market continues to remain in a limbo state where any move can come rather quickly. Major indexes are below their respective 50 day moving averages. Anything can happen under the 50 day and we are in an area where...
by Big Wave Trader | Oct 16, 2016
On Tuesday our operational models switched to a SELL signal and as we close out another trading week we are leaving the week still under that operational SELL signal. Stocks staged a very bearish intraday reversal today basically shutting the door on the bulls who...
by Big Wave Trader | Oct 14, 2016 |
A shaky start to the day as sellers hit the market hard. The market nearly made it all the way back to positive territory. Volume was higher across the board, but was below average. The positive spin on the day is certainly buyers were willing to step up when it...
by Big Wave Trader | Oct 13, 2016
A mixed day on the street as the minutes from the latest Federal Reserve meeting were released at 2pm EDT. The minutes revealed the Federal Reserve was quite close to raising interest rates, but failed to get the votes necessary. Will they raise them in November? We...
by Big Wave Trader | Oct 12, 2016
It did not take long for sellers to take over this market and push the major market averages lower. Volume soared too. Above average on the NASDAQ as healthcare related stocks took a large hit. We are still in a negative seasonality period for stocks. This action is...
by Big Wave Trader | Oct 11, 2016
A day removed from the 2nd Presidential Debate stocks move higher led by Energy and Information Technology stocks. Crude oil jumped to a 51 handle after the Russians reportedly will join an oil production pact. We have yet to see a real deal struck, but anything is...
