by Big Wave Trader | Sep 1, 2010
NASDAQ confirms a new uptrend on big above average volume Today’s action was precisely the action we have been waiting for as stocks exploded higher on big volume as leaders take charge. Futures were pointing to a higher open prior to economic reports being...
by Big Wave Trader | Aug 31, 2010
Stocks finish off the lows of the session as the market assesses a bickering central bank Better than expected home price data from Case-Shiller, Chicago PMI, and consumer confidence figures help drive the market higher for much of the day. Volume had an advantage as...
by Big Wave Trader | Aug 30, 2010
Super Light Trading, but Stocks End at Lows – Cash is still King Following up on Friday’s gains the market gave a good chunk of the gains back. The selling really began after the release of the Dallas Federal Reserve manufacturing index fell more than...
by Big Wave Trader | Aug 29, 2010
Currently in portfolio: longs: 17 (20-25% of accounts) shorts: 10 (less than 5% of accounts) cash: 75% ticker symbol – date of purchase – total return longs: LCUT 124% 11/2/09 JKS 99% 7/13/10 PWER 29% 7/7/10 RDCM 26% 8/2/10 RES 16% 7/13/10 NR 13% 7/20/10...
by Big Wave Trader | Aug 27, 2010
A better than expected jobless claims figure did help ignite excitement in the early morning session. But this excitement did not last for very long as buyers simply went to the wayside as GDP revision hangs over the market. Volume ran lower throughout the day and...
by Big Wave Trader | Aug 25, 2010
The day began at 8:30 am with weak reading out of durable goods orders sending futures lower. Economic data would get even worse with new home sales plummeting much lower than the flat reading that was expected. At the open, volume and price were both lower across...
