by Big Wave Trader | Mar 24, 2011
Just after a few weeks of a market correction the NASDAQ notches a follow-through day. A late day push from buyers helped edge the NASDAQ enough to meet the technical requirement of a follow-through day. Yesterday we did see a few market Leaders breakout and today a...
by Big Wave Trader | Mar 23, 2011
A plunge in new home sales did provide a bit of selling, but buyers found themselves scooping up shares. The huge drop in new home sales should not come as a surprise, there continues to be a glut of homes and until supply is absorbed. Volume rose across the board,...
by Big Wave Trader | Mar 22, 2011
Volume slips across the board If we do end up getting a follow-through day we’ll look back at today as constructive action. Today was constructive, lower volume on the pullback and price action was not destructive. The market remains in a dicey situation here, as we...
by Big Wave Trader | Mar 21, 2011
US Dollar Index hits new lows Gains were plentiful, but stocks finished off their highs as volume finished light. Volume was below average across the board and despite Friday’s options expiration volume was considerably lower. Without volume today’s action was not a...
by Big Wave Trader | Mar 17, 2011
Traders saw stocks rise today on the back of extremely oversold conditions and better than expected economic data. We have been under some serious pressure, but the market has been on quite a tear since the beginning of September 2010. Today’s bounce was quite weak...
by Big Wave Trader | Mar 16, 2011
Heavy volume selling grips Wall Street as stocks finish near the lows of the session. The early going despite the rise in prices and a large drop in housing starts was going well as the market was able to climb into positive territory. However, as the EU Energy...
