by Big Wave Trader | Feb 29, 2012
Big volume throughout the day signal a distribution day across the market making the count up to four for the NASDAQ. Four distribution days is certainly a cause for concern and after today’s reversal on big volume it does call into question if a correction is on the...
by Big Wave Trader | Feb 28, 2012
A mixed bag right now for the markets and it was the same for economic news this morning. A poor report from durable goods, but a better than expected rise in Consumer Confidence. A few leaders lagged the market today and with the end of the month arrive tomorrow we’d...
by Big Wave Trader | Feb 27, 2012
Warren Buffet’s CNBC interview was not well received by the futures market as the market was shaping up to open lower. While I don’t think nor care if Buffet was really pushing the market lower pre-market what I do care about was the market’s ability to find support....
by Big Wave Trader | Feb 25, 2012
The Big Wave Trading margin and retirement accounts remain fully invested. There have been two distribution days in the Nasdaq in the past week but the selling has been orderly. While we remain cautious on new positions with the market in a non-stop uptrend, we...
by Big Wave Trader | Feb 23, 2012
Volume rose on the NASDAQ as the index was able to find its footing again. The S&P 500 had a good day, but volume continues to be below average a sign institutional investors continue to stake out in NASDAQ listed stocks. Jobless claims fell more than expected...
