by Big Wave Trader | Jul 27, 2010
Volume exploded at the open as traders pushed the market to its highs. NYSE volume was running higher about 70% over Monday’s levels while the NASDAQ saw an increase of 20%. Consumer sentiment came in slightly lower than expected at 50.4 (expected reading...
by Big Wave Trader | Jul 26, 2010
The market took the new home sales data and ran higher with the readings. New Home sales jumped from last months dismal numbers as inventories remain at record lows. Volume ran into tough comparisons from Friday after the Europeans released their stress test. At...
by Big Wave Trader | Jul 25, 2010
Currently long 12 stocks and short 7 stocks with 80-85% cash on hand. stock symbol – % return since purchase – date of purchase longs: LCUT 138% 11/2/09 AKRX 28% 5/25/10 PWER 27% 7/7/10 RES 15% 7/13/10 JKS 11% 7/13/10 shorts: SFD 12% 6/17/10 KSS 10%...
by Big Wave Trader | Jul 22, 2010
Europeans got the market started with a jolt from their latest PMI report showing a better expected jump. The index showed a reading of 56 when the market expected 55 as the reading. It was all the market needed to push higher. US futures jumped and held through an...
by Big Wave Trader | Jul 21, 2010
The market got a jolt of good news from Apple Computer and set up stocks to open higher from the get go. Traders were falling over themselves to get a piece of the action as volume soared at the open. Unfortunately, the highs of the day were set at the open and the...
by Big Wave Trader | Jul 20, 2010
Earnings headlines certainly spooked the market as well as housing data from the start. Traders crushed the open sending shares down to their lows of the day before rebounding. Volume rose on the day showing some support for stocks, but still lacked the thunder...
