by Big Wave Trader | Sep 21, 2016
Finally, we are hours away from the latest Federal Reserve meeting. We have been saying all along the odds of a rate hike are slim to none for this September meeting. All eyes will be on the policy statement and any hint at a rate hike coming this year. At this point,...
by Big Wave Trader | Sep 20, 2016
Another Federal Reserve week is here and the excitement is building. Well, not for us, but for many it is and they cannot wait for Wednesday at 2pm eastern. Odds of a rate hike continue to fall and it is highly unlikely the Federal Reserve will hike on Wednesday....
by Big Wave Trader | Sep 18, 2016
The move in the overall market the past week is yet another perfect example of why you obey your stops and not your emotions. It is unbelievable to think that not only is the Nasdaq above last Friday’s open but the Nasdaq 100 is higher than where it opened last...
by Big Wave Trader | Sep 16, 2016
Just when you think this market can’t muster any strength we get a day like today. The one knock on the day’s action was volume was mixed. Good news is the NASDAQ saw volume increase day over day. It is clear behind AAPL’s move the NASDAQ is the index of strength. At...
by Big Wave Trader | Sep 15, 2016
The market did its best to do what Monday’s action, but failed to regain much of yesterday’s losses. One exception was the NASDAQ benefiting from AAPL move. Fear took a break for much of the session until sellers began to take over. By the close the VIX closed above...
by Big Wave Trader | Sep 14, 2016
Coming off Monday’s huge day bulls weren’t ready to support higher prices. Volume jumped giving today a big distribution day. VIX gained nearly 18%, but could not eclipse Monday’s high. However, the fear index closed above Friday’s closing level. The NASDAQ is...
