by Big Wave Trader | Jul 22, 2016
The Dow finally ended it’s win streak as the Dow fell 77 points. Small caps led the decline, but we still remain in an uptrend. One day of selling does not make it a trend. Profit taking on extended stocks proved to be a wise move. We can always reload at proper...
by Big Wave Trader | Jul 20, 2016
The Dow continues its winning streak while the NASDAQ gets tripped up with a day of distribution. Small caps right along NASDAQ fell harder than large blue chip stocks. Volume was lower on the NYSE as NASDAQ jumped higher. The good news is we continue to trade in a...
by Big Wave Trader | Jul 19, 2016
Another day and blue chips stocks continue to plow forward. BA was a big part in the move today for the Dow as the stock was up nearly 80bps. While the Dow was up it failed to set a new all-time high. BAC was up more than 3% after earnings. Banks continue to act well...
by Big Wave Trader | Jul 17, 2016
This past week of moves into new highs was one of the oddest moves to new highs I have ever personally seen. Just when I think I have possibly seen it all, the market serves up something completely different and unexpected. However, the only thing that never changes...
by Big Wave Trader | Jul 15, 2016
More new highs as this market keeps chugging along. Volume slipped on the session, but price keeps pushing higher. Banks were enjoying gains as positive comments out JPM sent futures higher this morning. Jobless claims were better than expected helping boost this...
by Big Wave Trader | Jul 14, 2016
Utilities were the biggest gainers on the day as the Fed Beige book helps large cap stocks close in the green. The Dow closed up 24 points just inching out gains. This market is in overbought territory, but we have seen this movie before. We could very well see this...
