by Big Wave Trader | Feb 3, 2010
Day three of the current attempt at a rally was a quiet day for stocks. Volume pulled back nicely as well as stocks. The market appeared to get support near the lows of the day and finished above the mid-point of the day, a bullish sign. During attempted rallies...
by Big Wave Trader | Feb 2, 2010
Stocks rose for the second straight day as volume rose above average. As the major market averages live below their 50dma the coming few days will be a very big tell on the direction of this market. Today was a move in the right direction for the bulls in this...
by Big Wave Trader | Feb 1, 2010
Extreme oversold conditions setup Monday’s rebound. Institutions failed to step up and support the market as volume was well off from Friday’s levels. A stronger than expected ISM number set the tone for the market early on. Volume really began to fall off as the...
by Big Wave Trader | Jan 28, 2010
The market received another jolt of selling as traders dumped stock. President Obama’s State of the Union address failed to inspire Wall Street to push stock prices higher. Even with the Federal Reserve holding steady with its game plan Wall Street simply wasn’t...
by Big Wave Trader | Jan 27, 2010
The correction didn’t end today, but buyers stepped up with volume behind them. Stocks set a new low for the current correction after New Home sales unexpectedly slowed in December. Selling pressure slowed as traders began positioning themselves for the FOMC rate...
by Big Wave Trader | Jan 26, 2010
Sellers took over in the last hour sending the major indexes near the lows at the close. When you have a market in correction late day sell-offs are not unusual, but expected. Volume was higher on the day indicating institutions were willing to dump stock at lower...
