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 27, 2011
The early going was very rocky as sellers took to the market taking down equity prices prior to the 12:30pm EST policy statement and 2:15pm EST press conference. By 11:00am EST stocks hit the lows of the day and began to trend higher. Leadership took a hit prior to...
by Big Wave Trader | Apr 25, 2011
Volume tumbled as stocks took a break after last week’s price run up. The market attempted to breakout and even notched a follow-through type day last week it is not out of the question we’d have a slight pullback. In addition, the market is certainly positioning...
by Big Wave Trader | Mar 23, 2011
A plunge in new home sales did provide a bit of selling, but buyers found themselves scooping up shares. The huge drop in new home sales should not come as a surprise, there continues to be a glut of homes and until supply is absorbed. Volume rose across the board,...
by Big Wave Trader | Mar 15, 2011
News about more explosions out of Japan continued to rattle the market and it wasn’t just the nuclear power plant. Nikkei closed down more than 10.55% after sellers hit the market hard after new explosions were heard and seen. US Futures took a big haircut as fear...
