by Big Wave Trader | Jul 22, 2014
Following Europe’s lead US stock futures were pointed higher during pre-market trading. Inflation data did not budge futures one way or another as the headline figure was just above the Federal Reserve Bank’s target. A few hiccups in the afternoon knocked the market...
by Big Wave Trader | Jul 10, 2012
A big distribution day strikes the market, but the real story is how leading stocks fared in today’s session. While we can focus on INTC, AA, or CSCO the real story is how leading stocks acted today and what they are foreshadowing. Distribution days happen in uptrends...
by Big Wave Trader | Jun 7, 2012
The NASDAQ reversed its gains in a big way after the Fed Chairman does not mention further quantitative easing. To add insult to injury Fitch warned of a possible US downgrade if a viable debt plan was not forged. Preliminary volume figures does show volume was lower...
by Big Wave Trader | Jul 21, 2011
Financial stocks lead the market higher despite the pitiful performance from many leading stocks. Jobless claims jumped week over week, but it was better than expected readings from Leading Indicators and the Philly Fed helping out the market during the early going....
by Big Wave Trader | Mar 10, 2011
Market correction deepens as volume swells across the board Economic news helped fuel the fire in sellers pushed stocks lower at the open. Volume swelled on the NYSE and NASDAQ as institutions rushed into the market to dump stock. The market has been under pressure...
