by Big Wave Trader | Nov 29, 2011
The story of the day was the bank downgrades after the market closed. During the market session BAC broke through a key pivotal point and continued lower in after-hours. Technology stocks were the ones hit hard during the trading session as stocks like GOOG, AAPL,...
by Big Wave Trader | Nov 28, 2011
The NASDAQ avoided its 8th straight down days with a 3.5% gain on the day’s trading. Volume was well below average, but higher than Friday’s shortened session. Today’s gains came after hefty losses from Thanksgiving week as well as the week prior. There were a few...
by Big Wave Trader | Nov 26, 2011
It continues to be a rough 2011, minus the July to August downtrend, but it is possible another trend is in the process of developing. Following the rally off the October lows, it started to look possible that a new uptrend might take shape as some new CANSLIM quality...
by Big Wave Trader | Nov 22, 2011
The big economic news of the day was the big revision lower for third quarter Gross Domestic Product. Slower growth is a killer to budget forecasts and does not bode well for business confidence. Volume on the day ran lower, very typical for the Thanksgiving holiday...
by Big Wave Trader | Nov 21, 2011
Troubles in Europe remain as France’s cost of borrowing continues to rise. The European contagion will not stop until every country in the European Union is pressed. France’s CDS continues remain at highs signaling higher borrowing costs. Over on this side of the pond...
by Big Wave Trader | Nov 20, 2011
Friday’s lackluster performance following Thursday’s drop pins the tail on the donkey. Despite the market being oversold in the near-term doesn’t mean we can’t fall further. Price and volume have been on the side of the bears as of late. The bulls lack of response to...
