by Big Wave Trader | Sep 28, 2016
What a day for the market as we built upon Tuesday’s gains. We had a lot of help from energy names with crude oil jumping to a $47 handle a forte an OPEC deal on a production freeze was announced. There is still more work to be down from the S&P 500 and Dow,...
by Big Wave Trader | Sep 28, 2016
Futures took a roller coaster ride overnight as Dow futures jumped 100 points just after the conclusion of the first presidential race. However, by the open futures had erased its gains and we opened in negative territory. Sellers really never found any traction and...
by Big Wave Trader | Sep 27, 2016
A light volume affair today as traders position themselves ahead of the first presidential debate. We find this quite silly, but given the action since the Federal Reserve on Wednesday you should already be positioned accordingly. Crude oil rose on the session closing...
by Big Wave Trader | Sep 25, 2016
Stocks closed out a very bullish week with semi-moderate losses on Friday. The DJIA and RUT led the way to the downside but volume was lower across the board which means that institutional investors were not dumping stocks following the move into new high ground on...
by Big Wave Trader | Sep 22, 2016
A solid session all around as traders pile into stocks a day after the Federal Reserve released its policy statement from its most recent meeting. All day long stocks move higher with the exception of a blip just after 2pm eastern time. Volume according to Bloomberg...
by Big Wave Trader | Sep 22, 2016
As expected the Federal Reserve bank held rates steady yet hinting at a rate hike later in the year. Many economists are pleading their case for the Federal Reserve NOT to raise rates. It will be an interesting battle of rhetoric from here to the end of the year....
