by Big Wave Trader | Aug 19, 2014
Despite volume coming in lower than the 50 day average, stocks advanced. We continue to see a plethora of stocks setup, breakout, and add to gains. It is very important we continue to see this type of action from the stocks we are following. Crude oil slumped once...
by Big Wave Trader | Aug 11, 2014
Global markets rally as geopolitical risk appear to diminish. The Dow Jones Industrial Average was the weakest link in the US closing with just a .10% gain. Small caps stocks led the entire market higher followed by the NASDAQ. We were moving as if we were going to...
by Big Wave Trader | Aug 5, 2014 |
After last week’s selling a bounce was certainly not unexpected. Volume could not match Friday’s levels, but Friday was the first of the month where volume is typically elevated. Price action was solid for much of the day after the morning dip as European stocks...
by Big Wave Trader | Jul 17, 2014
In the overnight session European stocks were on the downside putting pressure on US stock futures. At the open buyers came in early and fast helping the market back up to breakeven before they would be quickly turned away by overseas tensions. Just after news of a...
by Big Wave Trader | Jul 7, 2014
After a long holiday weekend those who were back in the office were sellers of this market today. A debate will certainly rage over whether today will count as a distribution day or not. We’ll count it as such, but we’ll need to see more evidence this market is...
