by Big Wave Trader | Jan 15, 2013
Big headlines of the day were better than expected retail sales and the slide in AAPL. Going unnoticed was the outside reversal the Russell 2000 index staged. Not going unnoticed was the heavy volume selling in AAPL for the second straight day. The stock continues to...
by Big Wave Trader | Jan 14, 2013
A very quiet day as volume on the NYSE runs very light below Friday’s level. AAPL, RIMM and DELL shares supported the higher volume on the NASDAQ, but were unable to push the NASDAQ into the green. AAPL was able to close above $500, but it continues to come under...
by Big Wave Trader | Jan 12, 2013
The Big Wave Trading Portfolio remains under a BUY condition across the board. This past week was further confirmation on the current strong technical condition of the overall market. While it is not perfect and we can argue about volume on the days we do rally, it is...
by Big Wave Trader | Jan 10, 2013
Shaking off a late morning sell-off the market was able to rebound closing near the highs of the session as volume pushed higher on the NYSE, but flat on the NASDAQ. The EURO raced higher after comments from the ECB rate announcement pushing down the dollar index....
by Big Wave Trader | Jan 9, 2013
The morning kicked off with the VIX hitting 6 month lows and a BAC downgrade. BAC was unable to recover from the downgrade, but the VIX was able to lift off its lows. Market leadership continues to act well despite the market’s consolidation. We continue to see the...
by Big Wave Trader | Jan 8, 2013
For the second day in a row stocks have pulled back, but volume was higher today giving a day of distribution. Today’s distribution is not something to fret over unless we have a few of them strung together. So far so good for the start of 2013 and given the...
