by Big Wave Trader | Jul 30, 2014
The morning kicked off with stocks running higher. Consumer confidence figures were at levels not seen since 2007 and the market initially liked it. However, as the market wore on and more rumors regarding an Obama impeachment and more sanctions against Russia...
by Big Wave Trader | Aug 27, 2013
A better than expected Consumer Confidence number certainly couldn’t save the market from the heavy volume selling today. Volume jumped more than 24% on the NYSE and 16% on the NASDAQ. Today’s move was quite vicious suggesting lower lows are in the market’s future....
by Big Wave Trader | May 3, 2013
Yesterday’s action was not expected, but not surprising either given our current market environment. Low volume rallies have been the norm for the market and especially at new highs. The market was able to shrug off the selling pressure after the FOMC announcement to...
by Big Wave Trader | Apr 26, 2013
In just 5 days the market has been able to regain almost all of the prior week’s loss as volume jumps on the day. Jobless claims were better than expected helping boost futures. The only other economic release was the Kansas City Fed Manufacturing Index and it...
by Big Wave Trader | Apr 18, 2013
The NASDAQ Composite loses its 50 day moving average on heavy volume. AAPL and GOOG lead the NASDAQ 100 lower as the big cap technology closed down 1.99%. Commodities followed stocks lower with copper and other metals leading the charge lower. The Federal Reserve’s...
