by Big Wave Trader | Jan 5, 2017
Another solid day of gains as stocks build upon the years first day of trading. Volume was up on both exchanges in a good sign institutions are putting money to work. The Federal Reserve meeting minutes were quite hawkish, but given their statement after their last...
by Big Wave Trader | Jan 4, 2017
A solid start to the year as traders rejoice push stocks higher. After Friday’s dismal performance we were looking for further consolidation and avoid further selling. From the start, it appeared as if buyers were in control. We saw buyers begin to rush back into the...
by Big Wave Trader | Dec 29, 2016
Heavy volume selling hits the market as the current uptrend is now beginning to look shaky. Some selling is not out of the question nor are days like today. Days like today only increase the odds we may see selling continue further. Volatility ticked higher today, but...
by Big Wave Trader | Dec 28, 2016
Coming off the long holiday weekend the market got off to a great start. However, by the end of the session we were well off the highs of the session. The Dow and S&P 500 continue to work off overbought conditions as both continue to remain poised to push higher....
by Joshua Hayes | Dec 27, 2016
Let’s take a quick holiday weekend peak at some of our current winning long positions. Why not review any losing positions? Because we have them and when we do we stop out or cut our losses immediately. There is not any wishing or holding on to losing positions....
by Big Wave Trader | Dec 22, 2016
Distribution hit the market today as the major market indexes finally close below their respective 10 day moving averages. Higher volume across the board indicated many were looking adjust portfolios heading into the weekend. Distribution does happen and we expect it...
