by Big Wave Trader | Apr 20, 2011
Running out of the gate stocks zoomed higher as volume swelled after the market had pulled back from the reaction move off the Japan Crisis low. The action near the most recent highs called into question the whether or not the market would be able to support higher...
by Big Wave Trader | Apr 18, 2011
At 9am EST Monday morning Standard and Poors (S&P) shocked the market by putting the United States debt rating on negative watch. Futures dropped like a rock as fear gripped the market and selling would not stop there. At 10am EST the NAHB Housing Market Index...
by Big Wave Trader | Apr 13, 2011 |
The market continues to act bearishly as gains from the morning session were unable to hold as buyers were unable to hold up prices. It was clear the market sell-off insuing after the market hit the high of day was due to the Obama budget plan. Prices dove as...
by Big Wave Trader | Apr 12, 2011
Selling pressure continued on the NASDAQ for the fourth straight day. Institutions were busy in the NYSE selling down commodity related names including crude oil related names. Oil and gas names suffered the worse fate falling more than 2.9% followed by technology...
by Big Wave Trader | Apr 11, 2011
Another gap and trap day where stocks weren’t able to hold the gains seen at the opening of the day. Gap and traps aren’t bullish movements, but bearish ones and today’s move came with increased volume on the NASDAQ as volume slide on the NYSE. A few mergers in the...
by Big Wave Trader | Apr 8, 2011
Once again the market gapped to the upside only to see prices head lower. Volume ran lower throughout the day; it never got going despite the acceleration in selling at the 2pm hour. Today’s action was a culmanation of the entire week. While on the surface it...
