by Big Wave Trader | May 17, 2011
Weak economic data kicked started the day with Housing Starts dropped more than expected in the month of April. Sellers rushed to dump stocks after the 10 o’clock hour was underway sending stocks to their lows. However, this push was sent the market well into oversold...
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...
