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 | May 16, 2011
The most important indicator of the day was the nasty selling seen in Leadership stocks. Market leaders are the number one-tell in a market and ignoring them is doing so at your own peril. NASDAQ led the entire market down today closing down 163 basis points with the...
by Big Wave Trader | Apr 20, 2011
Running out of the gate stocks zoomed higher as volume swelled after the market had pulled back from the reaction move off the Japan Crisis low. The action near the most recent highs called into question the whether or not the market would be able to support higher...
by Big Wave Trader | Apr 11, 2011
Another gap and trap day where stocks weren’t able to hold the gains seen at the opening of the day. Gap and traps aren’t bullish movements, but bearish ones and today’s move came with increased volume on the NASDAQ as volume slide on the NYSE. A few mergers in the...
by Big Wave Trader | Apr 6, 2011 |
The day got off to a great start as the NASDAQ was able to move higher. However, sellers worked themselves into the market knocking off market leaders just at the eleven o’clock hour. It appeared as if the market was about to put in a nasty outside reversal day, but...
