by Big Wave Trader | Feb 23, 2012
Volume rose on the NASDAQ as the index was able to find its footing again. The S&P 500 had a good day, but volume continues to be below average a sign institutional investors continue to stake out in NASDAQ listed stocks. Jobless claims fell more than expected...
by Big Wave Trader | Feb 22, 2012
Another quiet day on Wall Street where stocks close near the lows of the session, but volume falling below yesterday’s level avoiding a day of distribution. We did receive downbeat news from the housing sector sending homebuilders lower. Gold (GLD) and silver (SLV)...
by Big Wave Trader | Feb 21, 2012
Crude oil surged past $105 a barrel as tensions in the Middle East continue to be escalated. Stocks were mixed; the surge in crude is not a welcome sign for the fragile economic recovery. Volume was lower than Friday’s level, but volume has been and continues to be...
by Big Wave Trader | Feb 16, 2012
There were many market top callers coming out of the wood work after Wednesday’s market. Sure, it didn’t look good at all. On top of it all AAPL appeared to put in a topping candle with huge volume. Buyers stepped up in a big way supporting the market, but the...
by Big Wave Trader | Feb 15, 2012 |
Positive economic data helped set the tone early for the market. Empire manufacturing and the Home Builders confidence survey both came in better than expected. By noon, the high of the day was set and AAPL’s roll over pushing stocks lower. Volume jumped on the day...
by Big Wave Trader | Feb 14, 2012
Retail sales weren’t overly exciting sending stocks lower at the open. Volume was hot throughout the session as institutions appeared very active in the market after yesterday’s low volume showing. The tale of the day was the buying spree that took place at the close....
