by Big Wave Trader | Oct 27, 2010
Stocks find support at the days lows and move to close off the highs of the day Technology heavy NASDAQ leads the market off the lows as a major intraday reversal puts a positive spin on the day. As of late mid-day trading has been challenging for the market. Even...
by Big Wave Trader | Oct 26, 2010
Market Leaders continue strength Early selling pressure quickly dissipated as buyers stepped up to push stocks well off their lows of the session to close positive. Better than expected Consumer Confidence and Richmond Fed Manufacturing Index figures fueled buyers...
by Big Wave Trader | Oct 25, 2010
Good housing data fails to spark buyers, but stocks end in the green. An unfortunate reversal at the end of the day leaves a sour taste in the mouths of traders. A better than expected existing home sales figures did give a temporary boost to prices, but it quickly...
by Big Wave Trader | Oct 21, 2010
Traders get whipsawed as stocks digest earnings reports A roller coaster day for the market as stocks finish in the green, but coming back after sellers took to the market. The NASDAQ hit a wall just after eleven am today falling to its lows by two o’clock. Today’s...
by Big Wave Trader | Oct 20, 2010 |
Late day selling ends stocks off the highs as volume slows Late day selling put a cap on the day’s excitement as stocks rebound from Tuesday’s heavy distribution day. All eyes would point to the Federal Reserve’s release of its beige book at 2pm EST. Prior to the...
by Big Wave Trader | Oct 19, 2010 |
The market suffers a major distribution day Technology earnings and banks sent stocks lower throwing up a day of distribution for the entire market. It has been a long time coming for a day like today where distribution of the heavy kind overwhelms the market. A few...
