by Big Wave Trader | Sep 30, 2009
It was another story of the morning pop being sold and the market finding support. Even with a positive revision to the second quarter GDP traders chose to focus on a negative report from Chicago’ Purchasing Managers. Stocks were sold off in panic fashion,...
by Big Wave Trader | Sep 29, 2009
A positive Case-Shiller report helped stocks run at the open as volume surged into the market. The higher volume wasn’t a surprise given Monday’s Jewish holiday. Stocks were hit a blow when Consumer Confidence came in lower than expected with a reading...
by Big Wave Trader | Sep 28, 2009
Monday’s session served a lesson to bears who were over anxious from last week’s pull back. The Jewish holiday Yom Kippur held back volume as many on Wall Street observed the religous holiday. It didn’t hold back price gains as traders pushed...
by Big Wave Trader | Sep 27, 2009
We had a pretty serious attack on Thursday evening that we didn’t get resolved until Friday mid-morning. Joshua has posted a bit in the forums “General Market” section. Joshua will have everything up sometime Sunday ready for the Monday market open! This attack was...
by Big Wave Trader | Sep 23, 2009 |
The headline of the day was the nasty reversal stocks put in after the Federal Reserve released its statement at 215pmEDT. From the start stocks were mostly flat and volume ran mostly lower. The initial reaction to the announcement was positive and volume started to...
