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Positive Employment Data and Strong Breakouts Helps Keep this Rally Alive

By BigWave_Trader on March 30, 2011

Just another day in paradise as the stock market continues to power ahead.  Lead by Small Cap stocks the market finished higher for the second straight day.  After Thursday’s follow-through day we have been on top of this rally, despite any opinions and today was another example of how important it is to leave your [...]

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Volume Ends Mixed, but Price Action Ends Solid

By BigWave_Trader on March 29, 2011

Markets reverse course and close at the highs of the session despite an unexpected fall in consumer confidence.  Early morning selling gave way to buyers just a few minutes after the market open.  NYSE vol ran higher, but the NASDAQ’s was unable to catch up and surpass Monday’s levels.  Institutions were on the NYSE side [...]

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Late Day Sell-Off Sours Mood; AAPL Stock Falls

By BigWave_Trader on March 28, 2011

An optimistic start to the day as early morning economic data helped fuel the morning rally.  Volume began and ended the day off light, but this an expected outcome as many Monday’s have started out with light volume.  As 10:30 am rolled around the Dallas Fed Manufacturing report hit the wire coming in under expectations.  [...]

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ORCL Stock Blast Higher After Earnings, As The NASDAQ Follows-Through

By BigWave_Trader on March 24, 2011

Just after a few weeks of a market correction the NASDAQ notches a follow-through day.  A late day push from buyers helped edge the NASDAQ enough to meet the technical requirement of a follow-through day.  Yesterday we did see a few market Leaders breakout and today a few more a positive signal this market does [...]

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AAPL Stock Slumps as Buyers Jump in Taking Stocks Higher Along with Volume

By BigWave_Trader on March 23, 2011

A plunge in new home sales did provide a bit of selling, but buyers found themselves scooping up shares.  The huge drop in new home sales should not come as a surprise, there continues to be a glut of homes and until supply is absorbed.  Volume rose across the board, but failed to eclipse the [...]

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Media Focuses on Mergers as Stocks Close in the Red

By BigWave_Trader on March 22, 2011

Volume slips across the board If we do end up getting a follow-through day we’ll look back at today as constructive action.  Today was constructive, lower volume on the pullback and price action was not destructive.  The market remains in a dicey situation here, as we could go either way.  Again, if we are to [...]

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Stocks Advance in Lighter Trade from Oversold Conditions

By BigWave_Trader on March 21, 2011

US Dollar Index hits new lows Gains were plentiful, but stocks finished off their highs as volume finished light.  Volume was below average across the board and despite Friday’s options expiration volume was considerably lower.  Without volume today’s action was not a follow-through day even with all the price gains.  Remember, last week we had [...]

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A Dead Cat Bounce in Progress; Volume Slides as Stocks Rise

By BigWave_Trader on March 17, 2011

Traders saw stocks rise today on the back of extremely oversold conditions and better than expected economic data.  We have been under some serious pressure, but the market has been on quite a tear since the beginning of September 2010.  Today’s bounce was quite weak with volume coming in well under yesterday’s levels showing institutions [...]

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AAPL Stock Dives Lower Dragging the NASDAQ Down

By BigWave_Trader on March 16, 2011

Heavy volume selling grips Wall Street as stocks finish near the lows of the session.  The early going despite the rise in prices and a large drop in housing starts was going well as the market was able to climb into positive territory.  However, as the EU Energy Minister made negative comments about the Japan [...]

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NFLX Stock Bucks Market Trend as Stocks Close Well Off the Lows

By BigWave_Trader on March 15, 2011

News about more explosions out of Japan continued to rattle the market and it wasn’t just the nuclear power plant.  Nikkei closed down more than 10.55% after sellers hit the market hard after new explosions were heard and seen.  US Futures took a big haircut as fear had its way throughout the overnight trading session.  [...]

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