Distribution Day Hits Stocks; AAPL Releases New Products

Distribution Day Hits Stocks; AAPL Releases New Products

Turnaround Tuesday went in the opposite direction today with stocks falling on higher turnover as small cap stocks once again lead to the downside.  Just after the announcement of the new product lineup out of AAPL it appeared as if this market would rally.  However,...

Last Week of Summer Kicks off with New Highs

The S&P 500 failed to hang on to 2000, but it still closed in all-time highs.  Over on the NASDAQ the index hit a 14 ½ year high. Volume on the NASDAQ was higher, but lower on the NYSE.  IWM remains well below its all-time high and has a bit of work in order to...
Massive Selling has our Market Model Switch to Sell Mode

Massive Selling has our Market Model Switch to Sell Mode

Massive selling today pushes the Big Wave Trading market model to SELL mode.  For whatever the reason sellers were in control for the entire day sending stocks lower in massive turnover. The S&P 500 dove through its 50 day moving average in massive turnover.  Only...