by Big Wave Trader | Aug 30, 2013 |
A better than expected GDP revision helped boost traders’ morale as stocks found support at the morning lows. However, the party would not last for the entire day as sellers once again was able to limit the gains on the Dow and S&P 500. Small caps stocks and the...
by Big Wave Trader | Aug 29, 2013
After heavy volume selling on Tuesday buyers stepped back up today pushing the market off its lows from Tuesday. Volume dropped on the session as NYSE volume dropped 13% and the NASDAQ 16%. It really is no surprise to see volume drop on a rebound especially in this...
by Big Wave Trader | Aug 27, 2013
A better than expected Consumer Confidence number certainly couldn’t save the market from the heavy volume selling today. Volume jumped more than 24% on the NYSE and 16% on the NASDAQ. Today’s move was quite vicious suggesting lower lows are in the market’s future....
by Big Wave Trader | Aug 27, 2013
After a very disappointing durable goods release stocks were able to stage a rally throughout the entire morning. Unfortunately, sellers got the upper hand by the end of the trading session sending the major market averages into the red. A positive on the day was...
by Big Wave Trader | Aug 23, 2013
Positive economic news across the globe helped push global markets higher. Unfortunately for US markets the NASDAQ’s shut down for 3 hours and 11 minutes held back the markets. Upon reopening the NASDAQ continued to march higher. Who knows what we would have been able...
by Big Wave Trader | Aug 22, 2013
Failure to finish strong after rebounding from an initial decline post minutes release is not foreshadowing good things for this market. Volume ended the day mixed with the NYSE day over day volume fell on the day while the NASDAQ picked up by 10%. Price action has...
