by Big Wave Trader | Nov 17, 2010
Market leaders did little to inspire, but we held Tuesday’s low The market did very little to calm the nerves of anxious bulls as the Dow closed slightly lower while the S&P 500 closed just higher. Volume ran lower across the board as the market was able to...
by Big Wave Trader | Nov 16, 2010 |
European Debt Crisis 2.0 and Chinese Inflation strike fear in the market. “If a tree falls in the woods and no one is around, does it make a sound?” There were plenty of traders around to see the market make take a dive to close lower (NASDAQ) for the fourth straight...
by Big Wave Trader | Nov 15, 2010
Merger Monday fails to spark buyers Late day weakness left a sour taste in traders’ mouths as late day sellers closed out the market near session lows. Mixed economic data got the day started with a better than expected Advance Retail Sales figures surprised the...
by Big Wave Trader | Nov 11, 2010
Small Cap stocks lead the market higher along with the S&P 500 Dominating the trading was CSCO as the stock traded over a half of a billion shares as the company said it was “surprised” by the most recent quarter. CSCO trading accounted for the majority of share...
by Big Wave Trader | Nov 10, 2010
Dollar trips up reverses to close near the lows of the day helping stocks turn intraday The real story was the after-hours action in CSCO after it reported earnings. Intraday stocks found support as the dollar reversed and closed lower on the day. Volume came in...
by Big Wave Trader | Nov 9, 2010
Stocks end lower, but a last minute rally saves the market from closing on its lows Distribution hits the market as the dollar rallies and stocks fall. Volume rose across the board from Monday’s level. Selling accelerated late in the day as the dollar continued its...
