by Big Wave Trader | Mar 6, 2012
Renewed Greece fears hit the market hard today giving institutions reason to sell stock in mass quantities. For the second straight day the NASDAQ put in a big day of distribution. One positive in the day was there seemed to be buyers supporting the NASDAQ at 2900,...
by Big Wave Trader | Mar 5, 2012
A positive surprise from the ISM non-manufacturing index and factory orders did not deter sellers from taking aim at AAPL. Getting hit hard at the lows AAPL was down more than 16 points dragging the NASDAQ way down with it. Volume ended lower on the NASDAQ, but for...
by Big Wave Trader | Mar 1, 2012
A boat load of economic news hit the market early, but it was retail sales creating a stir. Better than expected retail sales certainly did not hurt things today, but you have to wonder with shrinking personal incomes at some point the cycle will break. Volume was...
by Big Wave Trader | Feb 29, 2012
Big volume throughout the day signal a distribution day across the market making the count up to four for the NASDAQ. Four distribution days is certainly a cause for concern and after today’s reversal on big volume it does call into question if a correction is on the...
by Big Wave Trader | Feb 28, 2012
A mixed bag right now for the markets and it was the same for economic news this morning. A poor report from durable goods, but a better than expected rise in Consumer Confidence. A few leaders lagged the market today and with the end of the month arrive tomorrow we’d...
by Big Wave Trader | Feb 27, 2012
Warren Buffet’s CNBC interview was not well received by the futures market as the market was shaping up to open lower. While I don’t think nor care if Buffet was really pushing the market lower pre-market what I do care about was the market’s ability to find support....
