by Big Wave Trader | Mar 7, 2012
Coming off extreme oversold conditions the market was able to find support. Volume came in lower on the day giving the indication institutions weren’t in a rush to get back into stocks. Greece was still in the forefront as Thursday’s deadline for bondholders. Small...
by Big Wave Trader | Mar 6, 2012
Renewed Greece fears hit the market hard today giving institutions reason to sell stock in mass quantities. For the second straight day the NASDAQ put in a big day of distribution. One positive in the day was there seemed to be buyers supporting the NASDAQ at 2900,...
by Big Wave Trader | Mar 5, 2012
A positive surprise from the ISM non-manufacturing index and factory orders did not deter sellers from taking aim at AAPL. Getting hit hard at the lows AAPL was down more than 16 points dragging the NASDAQ way down with it. Volume ended lower on the NASDAQ, but for...
by Big Wave Trader | Mar 3, 2012
The Big Wave Trading market model switched from a BUY signal to a NEUTRAL signal following Wednesday’s stock market session. The switch from the BUY signal which was triggered on 1/5 to a NEUTRAL signal on 2/29 was caused by a few key factors this past week. 1....
by Big Wave Trader | Mar 1, 2012
A boat load of economic news hit the market early, but it was retail sales creating a stir. Better than expected retail sales certainly did not hurt things today, but you have to wonder with shrinking personal incomes at some point the cycle will break. Volume was...
