Login
Search Big Wave Trading
Full Size Video Sample
Recent Posts
- Greeks Agree to Austerity; NASDAQ Leads, but Small Caps Lag: The big news of the day was the Greek’s finally were able to come to terms on a new, new, new auster...
- Bears take it on the chin again; DMND reminds us why we don’t catch falling knives: This week has been very light on the economic news front, but it hasn’t been light in terms of gains...
- Stocks Close in the Green Again; Uptrend continues: Just another day in this uptrend as stocks close higher on the day recovering from early morning low...
- Stocks Finish off the Lows as Volume Drops: Settling near the highs of the session stocks put in a solid day of consolidation. Volume fell more...
- Big Wave Trading Portfolio Update: Big Wave Trading remains fully invested in all margin and IRA accounts. Big Wave Trading has been fu...
Indexes Hit New Highs as Volume Grows
By BigWave_Trader on March 16, 2010
The Federal Reserve will keep the flood gates open and the market cheers as stocks hit new 52 week highs. Volume rose on the day as investors and institutions were happy with the Federal Reserves action. As we have seen in this market, we have a strong uptrend with many leaders continuing to act very strong. As the market hits new high on volume it is hard to doubt this market can not go higher. Fighting this trend will only lead to your peril. Today was another showcase about how strong this uptrend is and how dangerous it is to fight it.
Tomorrow we’ll have more commentary for you. Do NOT fight this trend.
Posted in Commentary