Stocks End Mixed as Tight Trading Continues

If our commentary is repetitive it is because this market continues to trade in a tight range. There is not much excitement when the market trades so tightly. We have intraday movers and our holdings are doing well. Yesterday’s session was solid as our holdings continue to act well. Next week we’ll get another FOMC meeting and at this point the odds of a rate hike continue to fall. How likely will the Fed raise rates prior to an election? Stick with the trend.

We are in unchartered waters with the market trading in a narrow range. This market has never traded like this ever. Over 100 years of trading history and we have never had the opportunity to see what happens when price action has been like this. Depending on your bias will be what you think the market will do. It is anyone’s guess which way we’ll continue. At the moment, given how our stocks have been acting it appears we will continue to push higher. The last thing you want to do is to fight this trend. You will be run over. If our positions reverse on us we have our exit strategy. No need to over complicate matters.

Let’s not forget central banks across the world are doing their best to keep equity prices high. As long as we have their support we should continue to have a floor under stocks. Will a year-end rally happen? Big Wave Trading can help you navigate this market.

This trend has been quite friendly to us and it is because we ignored the noise spewing out of Wall Street. When this market breaks we should see an explosive move. Stay with us and we will help you take advantage securing gains for your portfolio.