by Big Wave Trader | Dec 31, 2009
The last Market Commentary prior to the New Year, Happy New Year. We wish all of you a prosperous and joyful new year. A quick look back at 2009, we saw the market appear to crater into oblivion and a historic rally. All in one year and we were certainly on top of...
by Big Wave Trader | Dec 30, 2009
A very nice day for bulls as stocks pull back in light volume taking a breather from 6 days worth of gains. Many leading stocks pulled back in light volume and displayed healthy action. This uptrend continues to be on track and appears to be gearing up for more...
by Big Wave Trader | Dec 28, 2009
Stock rise again as traders feel the joy of hints at better than expected retail sales. Holiday volume took over once again, but it is not unexpected as many traders are taking vacation. The uptrend continues and it continues to be strong. We are going to be wise...
by Big Wave Trader | Dec 24, 2009 |
Trader’s once again ignored bad economic data as new home sales plunged 11.3%. Initially, the market did see selling as traders reacted to the terrible housing data. Slowly but surely stocks began to creep higher and eventually hitting into new high...
by Big Wave Trader | Dec 22, 2009
GDP figures were revised lower once again as President Obama’s stimulus package of $780 billion simply was not effective enough. Traders simply ignored the revision and plowed forward pushing stock prices higher. Unfortunately, volume simply was not seen as we...
