by Big Wave Trader | Nov 8, 2012
Another day of selling hits the markets, but at least we did not see the high volume Wednesday ushered in. The NASDAQ dove below its 200 day moving average yesterday and the S&P 500 joined the club today. While both indexes appear to be in free fall mode the VIX...
by Big Wave Trader | Nov 7, 2012 |
Last night’s election finally gave clarity to the political landscape for the next few years. Obama winning the White House does not come as a surprise if you believed polling data. Polling data aside, the divide between the House of Representatives and Senate has...
by Big Wave Trader | Nov 6, 2012
The market along with the rest of the world awaits the outcome of today’s Presidential Election. Mid-Day stocks enjoyed a nice pop with volume exploding higher, but it would be all for nothing. Friday’s highs would be a big point of resistance for the market and...
by Big Wave Trader | Nov 5, 2012
Tomorrow’s Presidential and Local elections have been the dominating headline for much of the day as US Voters are set to usher in new and old leaders. The market on Friday sold the jobs report as the majority of the market closed just off the worse levels of the...
![Outside Reversal for the QQQs Looks Negative, but Does it Spell “DOOM?”]()
by Big Wave Trader | Nov 4, 2012
Friday’s action was quite bearish for the market, or was it? It is not a good thing to see the market gap higher then fall flat on its face. We’ll take a look at the QQQs to see what happens when the ETF stages an outside reversal day. Friday’s...
