by Big Wave Trader | Aug 4, 2010
Boosted by earnings from Priceline.com the stock market rose once again but in mixed trade. The NASDAQ saw volume rise by one percent over yesterday’s level, but the NYSE failed to see volume rise with volume lower by three percent. Positive data from ADP and...
by Big Wave Trader | Aug 3, 2010
At the closing bell stocks lifted off near lows, but still finished in the red with the NASDAQ notching a day of distribution. After the morning lows the market was able to find buyers to push back up into yesterday’s close. However, sellers would have none of...
by Big Wave Trader | Aug 2, 2010
A term we have coined in our chat room is “melt-up Monday” and once again we had solid gains. Economic data set the stage for stocks to advance and the market gapped higher. Every time we sold off even in the slightest the market found support. Volume...
by Big Wave Trader | Jul 30, 2010
Volume Eases, but Stocks Come Well off Lows The end of the month trading is usually described as window dressing and today could be viewed as such. GDP readings of 2.4% kicked off early selling as futures indicated a big drop at the open. By the opening bell the Dow...
by Big Wave Trader | Jul 30, 2010
US GDP reading at 2.4% comes in lower than 2.6% expectations Market pundits have been squawking about a slowing economy, but many have disagreed by how much. Goldman Sachs last week set their expectations to 2% while Briefing.com pinned the figure at 3%. Lower...
by Big Wave Trader | Jul 29, 2010
I apologize for the problem that we all experienced today when the site failed to load. This is part of the message I received during the day: “Good news, just got the owner of my host on his personal cell phone. The problem is 2 transformers on roof of...
