by Big Wave Trader | May 27, 2010 |
Rumors China was not looking at their European holdings helped fuel traders fire to scoop up shares. Unfortunately, institutions did not share the same vigor as volume was lower by more than 21% across the board. While the price action was certainly positive the...
by Big Wave Trader | May 26, 2010
A light volume rise in stocks for most of today’s session were completely erased as heavy volume selling sent stocks lower erasing all of the morning gains. The media is blaming China for reviewing their Euro holdings, but the fear of further weakening of the...
by Big Wave Trader | May 25, 2010
If you were living under a rock you would woken up not knowing what hit them as the market gapped lower. Those who were reading headlines were woken up to “market plunging” and “fear over European debt spreading.” Volume soared from start to...
by Big Wave Trader | May 25, 2010
Follow-Through Day according to IBD (Investors Business Daily): After a significant market correction, the market will look to regain its footing. Any up day then counts as Day 1 of an attempted rally. The next two sessions, Days 2 and 3, don’t need to show much...
by Big Wave Trader | May 24, 2010
The story ending the day Friday was the surge in price action at the close, especially with volume surging. On the flip side, today’s close was on lower volume than Friday, but the collapse in prices highlights the lack of bids supporting the market. During...
