by Big Wave Trader | Aug 17, 2016
We were bound to see this market cough up gains at some point. Today we saw the market roll over into the close ending the session with a day of distribution. Yesterday’s gains have vanished as we get the latest release of the FOMC meeting minutes. What we did see...
by Big Wave Trader | Aug 16, 2016
The market welcomed traders back with a solid move into new high territory. Volume was up across the board as traders raced to get in the action. Retail simply has not been participating as seen in the AAII survey and at this point they have missed out on a great...
by Big Wave Trader | Aug 14, 2016
Major stock averages ended the week the way they have traded throughout the past few weeks. With resilience. Stocks started off the day on a solid note but sold off to new intraday lows by midday before bouncing back and rallying into the close with the Nasdaq closing...
by Big Wave Trader | Aug 12, 2016
After stalling out on Tuesday the market has been able to claw its way back and nearly recapture the high set this week. Volume was lower on the session despite some strong action in some names. Sellers continue to take this summer off as we remain near all-time highs...
by Big Wave Trader | Aug 11, 2016
Following up yesterday’s stalling action, the market fell in light turnover. Earnings continue to pour in with YELP having a big move to the upside. MYGN on the other hand was decimated after disappointing the street. Selling seemed to be well-contained and did not...
by Big Wave Trader | Aug 10, 2016
Today’s session was a bit different than we have seen in the past. Volume was higher on the session as new highs were once again set. The issue was the stalling action on the NASDAQ and S&P 500. This market has come a long way from February lows as well as Brexit...
