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Nasty Intraday Reversal Led by AAPL Sours Uptrend

by Big Wave Trader | Feb 15, 2012 | 2 comments

Positive economic data helped set the tone early for the market. Empire manufacturing and the Home Builders confidence survey both came in better than expected. By noon, the high of the day was set and AAPL’s roll over pushing stocks lower. Volume jumped on the day...

Last half hour of trading sends stocks to the highs of the session fending off a day of distribution

by Big Wave Trader | Feb 14, 2012

Retail sales weren’t overly exciting sending stocks lower at the open. Volume was hot throughout the session as institutions appeared very active in the market after yesterday’s low volume showing. The tale of the day was the buying spree that took place at the close....

Barron’s Declares Dow 15,000 and Stocks Respond Closing Higher

by Big Wave Trader | Feb 13, 2012

Leading the way Small Cap stocks closed higher followed by the NASDAQ. Volume fell across the board, but coming off a weekend it isn’t entirely surprising volume was off. AAPL pushed through the $500 level for the first time. Another stock hitting $500 was ISRG; two...

Big Wave Trading Portfolio Update And Top Current Holdings

by Big Wave Trader | Feb 11, 2012

Big Wave Trading Margin and IRA accounts remain nearly fully invested (85%-95%) as our Market Model remains under a full BUY signal. That signal was triggered on 1/5/12. Big Wave Trading is currently watching the current pullback to see if it will result in a...

Greeks Agree to Austerity; NASDAQ Leads, but Small Caps Lag

by Big Wave Trader | Feb 9, 2012

The big news of the day was the Greek’s finally were able to come to terms on a new, new, new austerity agreement. Yes, another plan they will fail to deliver on. Volume ended the day mixed as NYSE volume slid underneath yesterday’s levels as NASDAQ volume jumped...
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