by Big Wave Trader | May 23, 2011
The Euro Zone continues to be plagued by debt woes as many Euro nations cannot come to grips with reality. Therefore, fear of a pending collapse, traders rushed to sell stock. The market did appear to find some footing after 12 pm EST hit rallying to its highs just...
by Big Wave Trader | May 19, 2011
The market digested a few economic reports, two being very disappointing yet the market was able to hold up. Leading indicators dropped to -.3% the first negative reading since last June and worse yet Wall Street expected a positive reading of .1%. To piggyback on top...
by Big Wave Trader | May 18, 2011
The attempted rally continues with the NASDAQ jumping 114 basis points, but the red mark was volume coming in sluggish fashion. Leading stocks did their best to bounce off support levels, but there wasn’t a big push in many names. While today may have been an...
by Big Wave Trader | May 17, 2011
Weak economic data kicked started the day with Housing Starts dropped more than expected in the month of April. Sellers rushed to dump stocks after the 10 o’clock hour was underway sending stocks to their lows. However, this push was sent the market well into oversold...
by Big Wave Trader | May 16, 2011
The most important indicator of the day was the nasty selling seen in Leadership stocks. Market leaders are the number one-tell in a market and ignoring them is doing so at your own peril. NASDAQ led the entire market down today closing down 163 basis points with the...
by Big Wave Trader | May 11, 2011 |
“The market giveth, the market taketh” Yesterday’s rally appeared to be a follow-through from Monday’s low volume rally, but the market gods had other plans. The trade imbalance widened more than expected suggesting the US’ rising exports did not gain enough to...
