by Big Wave Trader | Dec 30, 2011
One more day till the 2011 books are closed up and for many professional money managers it does not come soon enough. Today’s rebound would have been much more convincing if volume had been more significant. Overall the market is simply hanging tough and it will most...
by Big Wave Trader | Dec 28, 2011
The biggest story of the day was the move in Gold and Silver. We have heard EVERY opinion there is known to man about both precious metals, but today is very telling where both metals want to go for the foreseeable future. Stocks followed to the downside with the...
by Big Wave Trader | Dec 27, 2011
A real do nothing day as traders and investors come back from a long holiday weekend. Do nothing, yes; today’s holiday trade is quite meaningless as volume was quite light. NYSE volume was higher than Friday’s session, but by 1% and not to mention it was already LIGHT...
by Big Wave Trader | Dec 22, 2011
Institutions took an early departure from the market as volume ended lower across the board. Laggards pushed the market higher, but given the light volume day suggests bottom feeders were looking for bargains. Without volume, it is hard to put too much weight on...
by Big Wave Trader | Dec 21, 2011
ORCL’s dismal earnings report really laid the smack down on the software sector today. Heavy volume plagued many names, but none more than ORCL. Volume rose across the board, but the NYSE volume was a positive whereas the NASDAQ volume was more due to ORCL’s massive...
by Big Wave Trader | Dec 20, 2011
Once again Europe helped set the tone for the market pushing futures higher during pre-market hours. Buying was strong during the morning hours and continued right into the close. Quite the turnaround from yesterday’s pathetic showing by stocks. Financials helped...
