by Big Wave Trader | Jun 23, 2014
Positive economic data kicked off the session, but traders weren’t ready to bid up stocks and keep them at session highs. Led by the NASDAQ 100 the market closed mostly lower in light trade. Today was the first session of the summer season and volume lived up to its...
by Big Wave Trader | Jun 10, 2014
Today was a solid day of consolidation for the overall market with volume falling on the trading session. After the recent run-up a period of consolidation is always welcomed. Volume once again was lower across the board, but it was a positive sign with the market...
by Big Wave Trader | Oct 25, 2012
Another day and another rally attempt failing to hold the morning gains as stocks close just off the lows of the session. Oversold conditions can produce multi-day rallies, but today ahead of AAPL and AMZN the market was unable to hang onto gains. Jobless claims and...
by Big Wave Trader | Jul 10, 2012
A big distribution day strikes the market, but the real story is how leading stocks fared in today’s session. While we can focus on INTC, AA, or CSCO the real story is how leading stocks acted today and what they are foreshadowing. Distribution days happen in uptrends...
by Big Wave Trader | May 21, 2012
AAPL and PCLN help the NASDAQ push higher as FB drops hard on its second day trading on the NASDAQ. Volume on the day was considerably lower than Friday’s level, but Friday we did have options expiry skewing volume. Today’s bounce was not a surprise to many as the...
