by Big Wave Trader | Mar 9, 2010
Stocks tried to pull back but institutions were hungry for stocks pushing indexes higher on higher volume. Volume surged on the day as institutions were certainly accumulating shares. The morning session saw stocks initial pull back, but it wouldn’t last for very...
by Big Wave Trader | Mar 8, 2010
Just another day in this uptrend where price action remains strong. The last hour of trading would leaves a bit to be desired, but overall the action remains very positive. This market continues to defy the odds as “overbought” indicators are signalling...
by Big Wave Trader | Mar 4, 2010 |
Volume ran lower on the day as pending home sales dropped much more than expected, but prices were able to hold. The session began once again with the market opening higher. Waiting on the pending home sales data traders appeared to chear the lower jobless claims...
by Big Wave Trader | Mar 3, 2010
Stocks run into resistance as volume dries up with many leaders pulling back in lighter trade. A positive ISM non-manufacturing report gave stocks an initial push in the morning. However, sellers were able to take control by mid-day as volume began to dry up. The...
by Big Wave Trader | Mar 3, 2010
Top longs: MHR +141% (8/21), RDWR +92% (8/12), CAMT +89% (12/22), SNS +69% (7/13), RURL +60% (7/21), AEZ +55% (12/1), PCYC +45% (1/27), VVTV +43% (8/26), WBMD +46% (6/18), MERC +33% (2/10), NTGR +33% (11/11), LCUT +32% (11/2), XRTX +32% (9/30) Don’t forget daily...
by Big Wave Trader | Mar 2, 2010
Sellers dampened the mood in the afternoon as stocks close just off their lows. Volume was higher on the NASDAQ and NYSE. The NASDAQ was able to close above its open level, but the late day selling leaves a bit of a sour taste on the day. All is not lost, we were...
