by Big Wave Trader | Oct 9, 2016
I went into this past week with a neutral bias and I am leaving the most recent trading week with a neutral bias. I also stated that if this market did not breakout sooner than later in this sideways consolidation that the path of least resistance would turn down....
by Big Wave Trader | Oct 6, 2016
A late day slide clipped the day’s gains, but we were able to close higher on the session. Volume ended higher across the board today. Perhaps a good sign we are seeing accumulation? Banks continue to push higher while utilities and real estate stocks suffer. Interest...
by Big Wave Trader | Oct 5, 2016
Utilities have another terrible day dropping more than 2%. Telecom and Real Estate weren’t too far behind utilities. Bond yields jump again and now we are seeing interest rate sensitive sectors falling with anticipation of higher rates. Stocks fell on the session as...
by Big Wave Trader | Oct 3, 2016
Just what the doctor ordered for this market after Friday’s huge rally after fears over a DB collapse subsided. Volume was light on the session coming off the weekend. Lows of the day were set at 12:30 and we were able to find buyers through to the close. It was nice...
by Big Wave Trader | Oct 2, 2016
I came into the trading week with a neutral bias and I am leaving the trading week with a neutral bias but with a little bit more hope that stocks might want to press higher in the short term. It looked like it was going to be an ugly week following Monday’s...
by Big Wave Trader | Sep 30, 2016
Forget the Federal Reserve trying to raise rates as fears of a DB failure sends stocks lower. DB has a very large derivative exposure and like we saw in 2008 it does not take much to push risk over an edge. Systematic failure was something Central Banks across the...
