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...
by Big Wave Trader | Jul 19, 2010
Earnings season is now in full swing and the market rebounded today. It is quite common for the market to have a natural reaction to heavy volume selling and today wasn’t a surprise. Early in the session sellers took over shortly after the opening sending...
by Big Wave Trader | Jul 18, 2010
Currently long 9 stocks and short 10 stocks while holding around 85% cash levels with my IRA being 100% cash. 130 years of stock market research has proven that three out of four stocks follow the general market direction. Since December 17th to Friday the Nasdaq is...
by Big Wave Trader | Jul 15, 2010
Economic news was either mixed or negative as Producer Prices fell more than expected, but jobless claims dropped more than expected. Initially the futures reacted positively to the lower jobless claims. Industrial production even rose a tenth of a percent better...
by Big Wave Trader | Jul 14, 2010 |
Intel set the stage blowing out earnings as technology stocks opened higher at the open. It wouldn’t be long before the NASDAQ would challenge its 50 and 200 day moving average. The market had seemingly put behind any double dip fears and focused on the...
by Big Wave Trader | Jul 13, 2010
There is no more controversy as stocks log big gains as volume rises. Stocks really got a jolt when the government released its monthly budget figures. The report showed the deficit was not as wide as expected giving stocks a boost. Volume rose throughout the day...
