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...
by Big Wave Trader | Oct 18, 2010
After-hours trading shows earnings disappointment, but the market still is in a healthy uptrend Earnings were the main story today aside from further talk about Quantitative Easing and the Foreclosure crisis. Citigroup (C) lead off the string of earnings as the...
by Big Wave Trader | Oct 16, 2010
Long 56 stocks 98-100% invested on full margin. All longs listed were posted on the website before being purchased for subscribers of the silver, gold, and platinum packages under the ‘new longs’ section. stock symbol – total return – date of...
by Big Wave Trader | Oct 15, 2010
The market side steps a distribution day consolidating recent gains. New banking fears helped push stocks lower, but a late afternoon buying spree lifted stocks off the lows of the session. Today’s consolidation was not out of the ordinary considering the move in...
by Big Wave Trader | Oct 13, 2010
Current uptrend logs another day of accumulation Late day selling dampened the mood, but an overall positive day in the markets. Volume jumped across the board as the market mostly cheered about positive earnings reports and tepid inflation readings. Import prices...
by Big Wave Trader | Oct 12, 2010
The market responds positively to the Federal Reserve’s meeting minutes The story of the day was the Federal Reserve meeting minutes and the action in the early going highlighted the importance of the minutes. Stocks fell in early trading after a lower than...
