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Ben Bernanke Delivers as the NASDAQ Reclaims 2007 Highs

By BigWave_Trader on April 27, 2011

The early going was very rocky as sellers took to the market taking down equity prices prior to the 12:30pm EST policy statement and 2:15pm EST press conference.  By 11:00am EST stocks hit the lows of the day and began to trend higher.  Leadership took a hit prior to the statement as investors were timid [...]

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NFLX Stock Tumbles in After-Hours Trading

By BigWave_Trader on April 25, 2011

Volume tumbled as stocks took a break after last week’s price run up.  The market attempted to breakout and even notched a follow-through type day last week it is not out of the question we’d have a slight pullback.  In addition, the market is certainly positioning itself ahead of the Federal Reserve meeting on Wednesday.  [...]

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AAPL Stock Blows out Earnings as Stocks Zoom Higher in Increased Trade

By BigWave_Trader on April 20, 2011

Running out of the gate stocks zoomed higher as volume swelled after the market had pulled back from the reaction move off the Japan Crisis low. The action near the most recent highs called into question the whether or not the market would be able to support higher prices. IBD even put their market outlook [...]

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Standard and Poors Knocks off Stocks Ending Negative, but Near Highs

By BigWave_Trader on April 18, 2011

At 9am EST Monday morning Standard and Poors (S&P) shocked the market by putting the United States debt rating on negative watch. Futures dropped like a rock as fear gripped the market and selling would not stop there. At 10am EST the NAHB Housing Market Index came in lighter than expected and helped fuel sellers [...]

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Fiscal Austerity and Budget Plans Dominate Stock Market Trading

By BigWave_Trader on April 13, 2011

The market continues to act bearishly as gains from the morning session were unable to hold as buyers were unable to hold up prices.  It was clear the market sell-off insuing after the market hit the high of day was due to the Obama budget plan.  Prices dove as sellers quickly went out looking to [...]

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Crude Oil Cracks for the Second Day as Stocks Follow Suit

By BigWave_Trader on April 12, 2011

Selling pressure continued on the NASDAQ for the fourth straight day.  Institutions were busy in the NYSE selling down commodity related names including crude oil related names.  Oil and gas names suffered the worse fate falling more than 2.9% followed by technology stocks on the NYSE.  Financials were another area of weakness, but it was [...]

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Stocks Slump Again Led by AAPL Stock and Small Cap Stocks

By BigWave_Trader on April 11, 2011

Another gap and trap day where stocks weren’t able to hold the gains seen at the opening of the day.  Gap and traps aren’t bullish movements, but bearish ones and today’s move came with increased volume on the NASDAQ as volume slide on the NYSE.  A few mergers in the morning helped boost the mood [...]

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US Dollar Index Breaks to New Low; Stocks Fall in Light Trade

By BigWave_Trader on April 8, 2011

Once again the market gapped to the upside only to see prices head lower.  Volume ran lower throughout the day; it never got going despite the acceleration in selling at the 2pm hour.  Today’s action was a culmanation of the entire week.  While on the surface it apears the market is consolidating gains we do [...]

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Positive Close for the Stock Market as AAPL Stock Slips Again

By BigWave_Trader on April 6, 2011

The day got off to a great start as the NASDAQ was able to move higher.  However, sellers worked themselves into the market knocking off market leaders just at the eleven o’clock hour.  It appeared as if the market was about to put in a nasty outside reversal day, but Tuesday’s low held avoiding a [...]

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AAPL Stock Leads Tech Lower ast the Market Takes a Break in Light Trade

By BigWave_Trader on April 4, 2011

Sellers took to AAPL stock once again as the stock fell more than one percent weighing on the NASDAQ and the rest of the technology sector.  Leading stocks on the other hand acted very well suggesting the market simply was digesting gains before making a move to the upside.  The stock market has come well [...]

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