by Big Wave Trader | Dec 20, 2010
A double dose of POMO props up stock prices A quiet day on the economic release front as the Federal Reserve gives the market a double dose of Permenant Open Market Operations buying of United States Treasury securities. Over the past few days the trend has been the...
by Big Wave Trader | Dec 16, 2010
Volume slides as stocks close just off the highs of the day Volume stumbles ahead of quadruple witching Friday, but stocks rebounded. Stocks began weak as a better than expected jobless claim figures failed to spark futures. POMO appeared to be the key driver for...
by Big Wave Trader | Dec 15, 2010
Tame inflation data and better expected manufacturing day did very little supporting stocks as sellers jumped back into the market. The market did find buyers pushing the market to its highs prior to the noon hour. Volume was non-existent as the volume run rate ran...
by Big Wave Trader | Dec 14, 2010
The market gets a late day save as the NASDAQ escapes back to back distribution days as the Federal Reserve rate announcement induces volatility. In the early going the market did stumble, but buyers stepped up and supported stocks prior to the Federal Reserve rate...
by Big Wave Trader | Dec 13, 2010
Last hour selling puts the brakes on the current uptrend as volume ends mixed. The Federal Open Market Committee began its meetings today as they mull over rate decisions as well as its current quantitative easing strategy. Volume ended mixed, but was below...
by Big Wave Trader | Dec 9, 2010
A better than expect jobless claims figure helped boost stocks at the open. Claims fell to 421,000 and continuing claims fell to 4,086,000. Futures picked up some steam heading into the open providing a decent size gap. Volume exploded out of the gate, AIG helped...
