by Big Wave Trader | Dec 6, 2012
Major averages close in the green with a late day surge, but volume slides. Buyers were out early pushing the market to the highs of the session before the lunch hour. Unfortunately, the highs weren’t to be seen again. Volume slide noticeably on the NYSE and modestly...
by Big Wave Trader | Dec 5, 2012
A wild day on Wall Street as stocks stage an intraday reversal only to give back gains at the close. Once again the market was ready to fall apart and we were able to find buyers at the lows. AAPL tumbled hard while BAC and C raced higher. The market liked these two...
by Big Wave Trader | Dec 4, 2012
Another wild intraday session for the markets, but were unable to close in positive territory. Trading volume on the NASDAQ ended higher, but ended lower on the NYSE. The big news on the day was NFLX inking a deal with DIS on content. The stock raced higher lifting...
by Big Wave Trader | Dec 4, 2012
In a surprise to the market data out of ISM showed the manufacturing sector contracted waking up sellers pushing the market lower. The market gapped to the upside with the hope the economy wasn’t in that bad of shape with Europe and China’s PMI data. At the open the...
by Big Wave Trader | Dec 2, 2012
The Big Wave Trading portfolio remains under a NEUTRAL signal, despite the strong gains this past week in the stock market. The gains from last week were very strong but it came from a very oversold condition and was straight up in a V-shaped formation backed by zero...
