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...
by Big Wave Trader | Aug 9, 2016
Friday’s surprise jobs report number sent stocks flying high! It was not expected and traders rushed into the market. Given the overbought nature, today’s pullback in light volume is a welcome sign. We need consolidation like today as it allows for the market to keep...
by Big Wave Trader | Aug 7, 2016
Friday’s session left no doubt about that this market wants to go in the short and intermediate term. Stocks rallied with gusto on Friday with volume coming in higher on both major exchanges according to my data providers. The DJT led the session higher followed...
by Big Wave Trader | Aug 5, 2016
A quiet session today as stocks end flat with volume drying up. The VIX continues to hang near multi-month lows pushing VXX to more all-time lows. Investors are expecting volatility to remain calm. SPY and QQQ average true range continue to remain near multi-month...
by Big Wave Trader | Aug 4, 2016
A solid reversal today with Small Caps leading the market higher. Volume was lower on the session, but we have seen this story before. Yesterday’s low is now a pivot and one worth watching. Energy rebounded today as crude finally closed in positive territory. Good...
by Big Wave Trader | Aug 3, 2016
It appears our little consolidation period is getting a bit more interesting after today’s session. The VIX jumped up to a 14 handle while crude fell below $40 for the second straight day. Crude closed below $40 for the first time since April as its fall continues....
