by Big Wave Trader | May 8, 2015
Just as IBD indicates the market is in correction mode we get a bounce in the stock market. Volume was lower across the board as institutions were not all that giddy piling into stocks. IWM saw positive price action clearing yesterday’s high. On the negative side...
by Big Wave Trader | May 5, 2015
Yesterday’s light volume affair was not enough to entice buyers back into the market. The NASDAQ took the brunt of the selling lead by the larger cap stocks within the index. Over in the S&P 500 it was utilities leading the charge lower. Investors appear to be...
by Big Wave Trader | May 1, 2015
Following through on yesterday’s poor action sellers hit the market hard once again today. End-of-the-month volume pushed the market to a distribution day across the board. Today’s session knocks us back into neutral mode as this selling pressure continues to...
by Big Wave Trader | Apr 20, 2015
Friday’s session, on the face of it was troubling after fears over global issues and a Bloomberg outage. However, today’s rebound was a good sign as the selling did not follow-through. We continue to see a lack of follow-through on either side of the market here. ...
by Big Wave Trader | Mar 26, 2015
Economic data as a whole continues to disappoint, but what took center stage today was the heavy volume selling across the board. Kicking off the day was big merger news with Kraft and Heinz. CNBC was very happy to get Warren Buffett on the phone as Berkshire...
