by Big Wave Trader | Mar 4, 2015
The day after the NASDAQ hits 5000 for the only third time in its history distribution hits the very next day. It was not all bad news as the NASDAQ Composite was able to close above its mid-point of the session. Volume fell on the NYSE as the S&P 500 escapes...
by Big Wave Trader | Mar 3, 2015
March kicked off with more new highs and the NASDAQ Composite index closing above 5000 for only the third time in its history. The last time the NASDAQ was at these levels was March 2000! All-time highs for the Dow and S&P 500 is not a bearish signal, but many...
by Big Wave Trader | Mar 1, 2015
Stocks continued their strong uptrend the past week but on Friday we finally saw a day of distribution hit the entire market that suggest prices could pull in here. The pullback on Friday was to be expected as the Nasdaq was up 10 sessions in a row with the last six...
by Big Wave Trader | Feb 27, 2015
A solid session all around with leading stocks showing power despite the Dow and S&P 500 closing lower on the session. The NASDAQ is nearing the 5000 level a mark it has not seen in over a decade. Volume was higher across the board in a good show of support for...
by Big Wave Trader | Feb 25, 2015
Finally, the NASDAQ ends lower for the first time in two weeks. AAPL dropped more than three points putting pressure on the NASDAQ. Today was a light day on the economic data front as existing home sales were better than expected, but still fell month-over-month. ...
by Big Wave Trader | Feb 25, 2015
The Dow Jones Industrial Average and S&P 500 hit another record closing as volume rose across the board. Janet Yellen’s testimony provided few fireworks, but we did find out rates are not about to rise any time soon. Aside from Yellen’s testimony we had a pretty...
