by Big Wave Trader | Jan 6, 2014
For the third straight session stocks closed in the red and for the second day in three notch a day of distribution. Today’s distribution makes for 7 and should raise at least a yellow flag for the overall market in general. Aside from the distribution there were...
by Big Wave Trader | Nov 25, 2013
Stocks drift aimlessly throughout the day after gapping higher in the early morning session. Pending home sales disappointed month-over-month and year-over-year helped sellers push stocks lower. Dallas Fed released its manufacturing index showing slower growth than...
by Big Wave Trader | Nov 18, 2013
Today’s session started out as a decent day on the street ended in a sour mood. Pundits are blaming a timely quote from Icahn expressing his concern over the market and a possibility of a near-term correction. At this point, who hasn’t said this? Volume ended the day...
by Big Wave Trader | Jul 30, 2013
The NASDAQ hit a new multi-year high prior to noon time only to see sellers rush in and quickly move the index to its lows of the session. The S&P 500 was unable to sustain its morning gains too despite the efforts by technology names. Industrials and utilities...
by Big Wave Trader | Nov 26, 2012
It was all about AAPL today as the technology giant surged more than 3% on above average volume lifting the NASDAQ to its 6th straight positive close. Disappointing manufacturing data out of the Dallas Federal Reserve Bank did very little to deter stocks from rallying...
