by Big Wave Trader | Mar 2, 2011
Stocks stage weak attempt at rebound, but remain above key support levels Following up nasty selling the market rebounds in weak trade. AAPL stock tried to gather some traction as Steve Jobs revealed the new iPad. ORCL stock tried to regain its 50 day moving...
by Big Wave Trader | Mar 1, 2011
Market is in correction as we stated last week, selling continued in fast trade Middle East fears helped push crude above $100 a barrel while sellers were busy taking stocks lower in heavy volume trading. Despite the positive open it wasn’t too long before selling...
by Big Wave Trader | Feb 28, 2011
The market closes the books on February ending higher for the third month in a row. At the close volume jumped pushing volume much higher across the board as institutions jockey for end of the month position adjustments. After the morning buying action the market...
by Big Wave Trader | Feb 24, 2011
The NASDAQ rebounds from recent selling while NYSE indexes fall in light trade Jobless claims dropped much more than expected fueling futures to rally off session lows and power a buying surge at the open. Buying continued to about 10:30 when the buying interest...
by Big Wave Trader | Feb 23, 2011
For the second straight day sellers took to the market knocking stocks lower in fast trade. Wednesday’s market was able to see intraday support off the lows as the NASDAQ hit its 50 day moving average. The intraday rally did faed into the close, but stocks did find...
by Big Wave Trader | Feb 22, 2011
The wave of anti-government demonstrations moved is way into Libya over the weekend causing havoc amongst equity markets. Even better than expected Consumer Confidence figures as well as Richmond Fed Manufacturing couldn’t entice buyers to prop up the market. Heavy...
