by Big Wave Trader | May 16, 2010
I just got home and it is 8pm. There is no way I can fully update this site this weekend. I thought I would be back much earlier. I apologize and all will be back to normal on Monday. There will just be a quick update tonight and everything will be back to normal on...
by Big Wave Trader | May 14, 2010
The usual routine is to have this site fully updated before Sunday morning with most of it updated before Saturday morning. However, this weekend will not be the case as I am leaving on a ferry to Moloka’i in about one hour. Therefore, this site will not be...
by Big Wave Trader | May 13, 2010
Stocks reversed hard as the NASDAQ is weighed down by Cisco’s cautious outlook. The NASDAQ saw sellers knock down the index below its 50dma a sign of caution. Volatility rose across the board as last week’s disaster remains on every trader’s mind. ...
by Big Wave Trader | May 12, 2010
Just when we think the market could be heading much lower stocks rebound, but in light trade. The NASDAQ retook its 50dma a positive sign, but the downside is we didn’t get the volume showing institutions weren’t throwing their weight behind the move. ...
by Big Wave Trader | May 11, 2010
Volume lagged on both exchanges, but the NASDAQ only finished just below Monday’s level. On the NYSE volume lagged by almost 20% as institutions failed to step up support stock prices. The morning’s gap down was a function of Monday’s dramatic rise...
by Big Wave Trader | May 10, 2010
The news from the European Union fueled stocks at the open and throughout the day. Severe oversold conditions certainly helped out the situation as the bailout helped calmed the fears in the market. The Volatility index took a dive, but was able to finish above its...
