by Big Wave Trader | Jun 8, 2011
Institutions were busy in the market today shown by the noticeable spike in volume, but it was not on behalf of the long side of the market. The market did see support briefly in the early going and volume was running higher giving a hint a short-term bottom may be...
by Big Wave Trader | Jun 7, 2011
For the fourth day in a row the NASDAQ ended lower, but volume fell on the day. AAPL stock fell more than 1.6% weighing down the NASDAQ and continues to be a sore spot for the NASDAQ. Although the market was shaking off AAPL’s weakness for much of the day and it...
by Big Wave Trader | Jun 6, 2011
The market did not receive any economic updates today, but writing on the wall suggests further pain is likely to be upon us. Since the first week of March the market has been heading sidways and has been unable to make headway despite positive earnings reports. Weak...
by Big Wave Trader | Jun 1, 2011
Kicking off the day with horrible economic news was the ADP employment report showing a measly 38,000 jobs created last month. Terrible because the street was looking to see a gain of 175,000 jobs! In addition, the ISM Manufacturing index slowed again nearly...
