by Big Wave Trader | Mar 8, 2017
It is hard to believe the last time the Dow Jones Industrial Average closed lower for 2 consecutive days was in January. Volume was higher across the board as the S&P 500 and NASDAQ marked a day of distribution. Volatility remains tame with the VIX still sporting...
by Big Wave Trader | Mar 7, 2017
Traders continue to bet the Federal Reserve will once again move rates by 25 basis points next week. Odds are nearing 100% for a rate hike at next week’s meeting. While stocks were lower on the session they finished well off their lows of the day. Only the last 15...
by Joshua Hayes | Mar 5, 2017
When I went to bed on Thursday evening I was slightly disappointed thinking my hedges might miss as the futures were at their lows of the session. By the time the market opened my hedges filled and the market started to sell off which made me feel a little better....
by Big Wave Trader | Mar 3, 2017
A decent day for a rest as we see the broader market pull in on lighter volume. We need days of consolidation to digest gains properly. It would be great if we can head sideways and ease the pressure from overbought conditions. Our primary trend is in place and it...
by Big Wave Trader | Mar 2, 2017
Financials were the biggest benefactor of Trump’s speech today with the group up nearly 3%. Utilities were the biggest loser down nearly 1% on the session. Energy, Industrials, and Materials were all up “bigly” on the session. Volume was up across the board as traders...
by Big Wave Trader | Mar 1, 2017
It finally happened. The Dow closed lower for the day. Today’s close does not come as a surprise and it was much worse underneath the surface. Trump’s speech will no doubt create noise for pundits to bicker over. We need to make sure we continue to remain...
