by Big Wave Trader | Jul 17, 2019
While we are not going to issue an all-out sell signal, Tuesday’s distribution day should highlight the need to have an exit strategy in place. While the Russell 2000 as measured by IWM inched out gains the broader market did not and ultimately ended the day in...
by Big Wave Trader | Jun 1, 2015
A volatile day on Wall Street as early morning selling gave way to late morning buying. Sellers would not be outdone as they took control in the final hour of trading. Volume ended the day lower, but not surprising as today was a Monday and Friday was month end. We...
by Big Wave Trader | May 22, 2015
Economic data was a lot less than to be desired, but that did not stop the market from moving higher. Small cap stocks lagged the overall market with the NASDAQ leading the charge with the S&P 500 ending higher by .29%. Volume was mixed on the session with volume...
by Big Wave Trader | Apr 30, 2015
Not a surprise to see first quarter GDP disappoint as stocks are unable to find their way higher. The Federal Reserve policy statement failed to spark enough buyers to push stocks back to positive territory. Another weak close for the entire market as we continue to...
by Big Wave Trader | Apr 27, 2015
Early morning rise in futures and subsequent open to the market eventually caved and ushered in heavy volume selling. Markit released its PMI reading and it was slightly weaker than expected, but did not hold back the equity markets from rallying just after the...