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...
by Big Wave Trader | Apr 6, 2011 |
The day got off to a great start as the NASDAQ was able to move higher. However, sellers worked themselves into the market knocking off market leaders just at the eleven o’clock hour. It appeared as if the market was about to put in a nasty outside reversal day, but...
by Big Wave Trader | Apr 4, 2011
Sellers took to AAPL stock once again as the stock fell more than one percent weighing on the NASDAQ and the rest of the technology sector. Leading stocks on the other hand acted very well suggesting the market simply was digesting gains before making a move to the...
