by Big Wave Trader | Oct 2, 2019
It is now the same old story. Price weakness continues and stocks simply cannot get out of their own way. Manufacturing declined for the first time in a long time. This sparked fears regarding a recession. Mind you we have not seen a recession in a decade. A reset...
by Big Wave Trader | Sep 30, 2019
Friday’s price action was not ideal as volume jumped as losses grew. The NASDAQ 100 led the decline as measured by QQQ. For once, the decline was not led by IWM. Volume was higher across the board as institutions continue to sell stocks. We continue to have a choppy...
by Big Wave Trader | Sep 27, 2019
Volume ended the day lower across the board as the broader market ended lower. Small caps led the decline. Utilities continue to be a safe place for investors to hide as XLU continues to hit new highs. XLRE is not far behind. Worries over impeachment, trade deals, and...
by Big Wave Trader | Sep 25, 2019
Tuesday’s session was not a good one for stock market bulls as the NASDAQ 100 fell 1.39%. Small cap stocks led the market lower falling 1.5%. Volume jumped on both the NYSE and NASDAQ exchanges indicating institutions were dumping shares of stock. Not a good session,...
by Big Wave Trader | Sep 23, 2019
We hope you had a great weekend. Futures are flat heading into the final full week for the month of September. September has been an okay month for stocks by bucking the historical norm for the month. Shrugging off last week’s Saudi oil field attack crude has come...
