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...
by Big Wave Trader | Dec 8, 2010
Stocks shake off early morning selling to close just off the highs of the session. After yesterday’s negative reversal on high volume stocks recovered today even as sellers took to the market during the early part of the morning. Volume fell across the board, but...
by Big Wave Trader | Dec 7, 2010
Current market rally stalls on volume A brokered deal in Washington on tax cuts and the unemployment extension helped boost futures in the morning. Stocks jumped at the open only to face selling pushing stocks to lows by mid day. Volume on the NYSE was lifted by...
by Big Wave Trader | Dec 6, 2010
Bernanke’s interview on 60 minutes spark fear over his handling monetary policy Gold and silver soar after Bernanke’s 60 minutes interview on Sunday night. Stocks consolidated nicely with the Russell 2000 index leading the way finishing higher by 4.44 (+.59)...
by Big Wave Trader | Dec 2, 2010
Stocks approach 2010 highs as European Debt fears subside A bigger drop in jobless claims then expected, did not stop the market from pushing higher closing just off the highs of the session. What did help the market was a jump in pending home sales figures...
by Big Wave Trader | Dec 1, 2010
“Simplicity is the key to brilliance” – Bruce Lee Stocks turn in a big rebound as economic data in the US and China along with a positive Portugal bond offering help ease the fears of a European debt crisis. ADP Employment change was better than expected as its...
